So far so good, invested in the cryptocurrency is no mistake even when viewed as a mistake.
Ethereum has taken a while to get to $3000.
Some investors claim that ethereum,the second largest cryptocurrency ought to have surge pass that price.
Nevertheless,it has taken the stand and expected to keep on soaring.
Bitcoin continues to take a back seat as other cryptocurrencies have their moment in the spotlight. Its market dominance is down again to just 49% today, having slipped from around 76% at the start of the year. It’s lowest ever market dominance was around 37%, which was at the peak of the last bull run in 2018. Will it again regain its supremacy or is this the start of a new era that could see rivals challenge for its crown?
The Bitcoin price has now held at the $57k-58k level for the last three days, though a minor scare yesterday saw it take a sharp tumble down to $56500 before quickly recovering. It’s certainly making itself at home and getting its feet under the table, but can it continue to hold that level or is it preparing for a more decisive move?
Elsewhere, Ethereum continues to look strong and again pushed to new all-time highs yesterday. The second-largest cryptocurrency by market capitalisation was trading for just shy of $3,000 yesterday.
Today, the market would open with an all time high of $3000 for ethereum; Bitcoin still holds its place at the largest cryptocurrency with over $1T in market capitalisation.
The big winner this week continues to be Ethereum (ETH), which was up for a third day in a row yesterday to a record high price of $3200. The new all-time high caps off a powerful three-day rally which has seen the price of the second-largest cryptocurrency by market capitalisation increase almost 20%.
We are expected to continue to see a rise this week increase.
I believe in the future dominance will be diluted among a few projects. BTC will continue to lose its dominance as other projects rise. Hopefully, Hive will be one of those projects some day
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Could resist the chance to load up after the drop in BTC and swap out Dogecoin.