Ethereum Market Cap Nears $5 Billion, Bitcoin Dominance Drops to 70%

[kreslik.news]

Only yesterday we reported on the euphoria among Ethereum investors as the price reached a new all time high of $40 and the record has now been surpassed again. At the time of publication, the ETH/USD exchange rate is trending above $54 per token.

As a result, the market value of the entire smart contracts and decentralized apps platform, the Ethereum blockchain, is now worth over $4.9 billion. With bitcoin’s market cap currently just below $18.4 billion, Ethereum is now worth above 25% of the first and still number one cryptocurrency.

Beyond just Ethereum, other challengers have also increased their ... (read more)