The currency of Ethereum is the second strongest digital currency in a list of thousands of digital currency deployed in the world, with focus on the eyes of the majority bitcoin, many tend to this currency and the names of other rising can be a great affair in the future.
What we know well is that Bitcoin can not continue to lead this sector and can lose in favor of other digital currencies better than them. This at a time can be sad for its fans but it is a logical thing in the world of currencies, equities and investment, no one stays in the lead always.
While the value of Bitcoin retreated from the new record number 3000 dollars early this month to 2425 dollars in today's session , Ethereum is negatively affected and lost the about 15.28% of its value as a specific price at this time to $269.
But Theoretically, the value of Ethereum is still far from the value of a homeowner, is not it? But if we look at the market value, the runner-up is close to the top.
The market capitalization of the Bitcoin is now set at $ 39.82 billion, while the value of Ethereum has reached $ 25.07 billion.
Surprisingly, since the beginning of May, the share of Bitcoin in the digital sector has declined, having accounted for more than 87 percent of the total market value of digital currencies, now only 38 percent.
In contrast to the collapse of the share of Bitcoin we note that the share of the Etherium coin was not more than 7 percent the beginning of May, and now it has reached 25 percent of the total market value of the digital currency.
This means, without a doubt, that Bitcoin no longer holds the lion's share by far from the rest of the currencies, but that the share of Ethereum transactions digitally increasing in a nutshell without revealing the price of this fact clearly.
The total value of the digital currency reached $ 100 billion, of which $ 39.2 billion was for Bitcoin and $25.07 billion for Ethereum, which means that they are the two most powerful currencies at this time.
Etherum is the strongest competitor of Bitcoin
There is no doubt that ethereum is the strongest currency competing for the Bitcoin empire and is expected to achieve more value.
We expected that during this month the value of the currency will increase from $ 253 on Jully 2 to $ 380 -$400 at the end of this month.
It is said to reach $ 600 by the end of this year, possibly as high as $ 1,000 in case of high turnout, as is the case with Bitcoin.
Of course, the same risks apply to Bitcoin, including the suspicion that it is an explosive bubble at any time!
Thank you
It's hard to believe at this point that ETH will reach 400 again, especially this month. Do you still believe it ?