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2021-04-01

Alternative is good

Why Is Ethereum Surging, Outperforming Bitcoin Today?

Gains inBitcoin(BTC) appear faint in comparison withEthereum(ETH) as the latter’s supply diminishes.

Why Is Ethereum Surging, Outperforming Bitcoin Today?

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This week the dominance fell to its lowest since October last year.</p>\n<p>At press time, BTC had a 56.6% dominance, while ETH had 11.7%, according to CoinMarketCap data.</p>\n<p>On Monday,<b>Visa Inc</b>(NYSE:V) announced a pilot to allowtransactions to be settledthrough<b>USD Coin</b>(USDC) on its network.</p>\n<p>Reacting to the development, analyst Michaël van de Poppe said onTwitterthat Ethereum was “going to surprise everyone massively.\"</p>\n<p>He had previously predicted a $10,000 price level for ETH.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Is Ethereum Surging, Outperforming Bitcoin Today?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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This week the dominance fell to its lowest since October last year.</p>\n<p>At press time, BTC had a 56.6% dominance, while ETH had 11.7%, according to CoinMarketCap data.</p>\n<p>On Monday,<b>Visa Inc</b>(NYSE:V) announced a pilot to allowtransactions to be settledthrough<b>USD Coin</b>(USDC) on its network.</p>\n<p>Reacting to the development, analyst Michaël van de Poppe said onTwitterthat Ethereum was “going to surprise everyone massively.\"</p>\n<p>He had previously predicted a $10,000 price level for ETH.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1165469836","content_text":"Gains inBitcoin(BTC) appear faint in comparison withEthereum(ETH) as the latter’s supply diminishes.\nWhat Happened:BTC traded 0.13% at $59,285.22 over 24 hours at press time while ETH was up 4.08% at $1,925.03.\nOver a seven-day trailing period, ETH has surged 21.92%, while BTC has moved up 12.77%.\nCryptoQuant data indicates ETH reserves held in all wallets fell to 19.53 million as of March 31 as prices soared over $1,921.\nETH Held In All Exchange Wallets — Data From CryptoQuant.com\nOn Wednesday, OpenSea, a non-fungible token marketplace said it would add support for trading through Immutable X, a decentralized protocol built on Ethereum, which it said would enable zero gas fee.\nWhy It Matters:BTC has beenlosing its dominanceas the largest cryptocurrency by market capitalization of late. This week the dominance fell to its lowest since October last year.\nAt press time, BTC had a 56.6% dominance, while ETH had 11.7%, according to CoinMarketCap data.\nOn Monday,Visa Inc(NYSE:V) announced a pilot to allowtransactions to be settledthroughUSD Coin(USDC) on its network.\nReacting to the development, analyst Michaël van de Poppe said onTwitterthat Ethereum was “going to surprise everyone massively.\"\nHe had previously predicted a $10,000 price level for ETH.","news_type":1},"isVote":1,"tweetType":1,"viewCount":138,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":17,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}