ETH has dropped around 30% in the last week. The cryptocurrency domains at least 16% of the current market.
Ether (ETH) has launched a new market hit. Ethereum’s native cryptocurrency raised $ 3,000 for the first time, and its actual capitalization of the situation ranks among the 30 most valued assets of the world, according to Bank of America and Disney.
With the price of the cryptocurrency on the 3,150 dollars and a total capitalization of one USD 365,000 million, ETH currently has the power 27 between the major mayors of the world, according to the CompaniesMarketCap records.
With the new point in its price, ETH also surpassed the market capitalization of Home Depot, Nestlé and Procter & Gamble. The cryptocurrency log ranks among the top 30 in capitalization after having passed to the PayPal payment gateway.
With less than a 5% increment in its price, Ethereum’s cryptocurrency will be one of the 25 most valuable assets in the world. Currently, there are more than 10,000 million dollars in the capitalization of the Nvidia graphics card maker and UnitedHealth insurer. Bitcoin, meanwhile, is in the top 10 with a superior capitalization of billions of dollars.
ETH came to a new maximum historical price almost a few days ago, with around an 8% increase in the last 24 hours. The cryptocurrency holds its record again. A week ago, ether dropped approximately 27%, ratifying its current market price, according to CoinMarketCap data.
ETH domains Over 15% of the Cryptocurrency Market
Due to its new hit of total capitalization, ETH has surpassed the 15% dominance of the cryptocurrency market in the last few days. This situation leads bitcoin to lose its authority and rise by 50% within the first time from 2018.
As a result of the current situation, ETH’s dominance shows a very high point, like the one recorded in 2017. According to CoinMarketCap’s historian, Ethereum’s cryptocurrency increased 31% of its dominance this year.
According to the Altcoin Season Index, an altcoin period seems to be hitting the market, with the majority of the top 50 cryptocurrencies beating the bitcoin yield in the last three months.
Vitalik Buterin and His Millions
According to Forkast, according to Vitalik Buterin’s revelation in October 2018, the young man now has more than a thousand million dollars in ETH on his main ticket.
Also, Ethereum’s price increase turned Buterin into the most prominent multimillionaire. Only Austin Russell, who founded Luminar Technologies in 2012, can match him. Russell currently has a net worth of $ 2.6 million, according to Forbes.
What is the value of Ethereum?
Some users describe The Ethereum blockchain as the potential vertebral column of the Future. The Ethereum protocol captures with efficiency the value of applications created on it. Three main factors stimulate the growing demand for Ethereum and ETH prices: decentralized finance (DeFi), the eye of the NFT market, and the need for stable coins.
By: Jenson Nuñez
