Cryptocurrencies After Russia-Ukraine War: Top 5 Gainers

3. Ethereum

Ethereum is one of the most popular crypto coins in Ukraine. An Ethereum-based group in Ukraine recently auctioned off an NFT of a Ukrainian flag that sold for more than $6.5 million, making it the tenth-most expensive NFT across the globe. The crypto wallet of the Ukraine government for help related to the war had reached over $20 million in contributions from Bitcoin and Ethereum alone on March 2. This surge around the coin has calmed investors who had been dumping the coin as inflation battered the market. 

Ethereum-based donations from prominent people like Celsius founder Alex Mashinsky have also helped the coin climb higher as people follow suit and interest around the currency increases. Investors have also been buoyed by statements of Vitalik Buterin, the founder of Ethereum, on the crisis. Buterin, who is of Russian origin, has condemned the war and vowed not to be neutral in it.