Market Share Increases 3% Among Global Crypto Assets – Market Updates Bitcoin News
Since December 31, 2022, Ethereum’s market dominance has increased by more than 3% among thousands of crypto assets worldwide, valued at approximately $856 billion on January 11, 2023. According to coinmarketcap.com, a popular coin market cap aggregator , ethereum’s cryptocurrency market dominance jumped from 18.4% to its current dominance rating of 19%.
Ethereum market share is growing amid the crazy boom in the cryptocurrency markets
Ethereum (ETH)the second crypto asset by market capitalization, has seen an increase in its market dominance over the past 11 days. ETH It managed to make gains against the US dollar, up around 0.48% over the past day. Seven-day metrics show Ethereum up 6.55% against the dollar.
For Ethereum and all other crypto assets, market dominance is calculated by dividing the market cap of ETH By the total market capitalization of all cryptocurrencies combined. As of December 31, 2022, coinmarketcap.com (CMC) metrics Archived On archive.org suggest that Ethereum (ETH) The market dominance percentage was around 18.4% and the total crypto economy was valued at $796.91 billion.
data From January 11, 2023, indicates ETHCMC dominance now stands at 19% out of the 22,261 crypto assets listed on CMC, valued at approximately $856 billion. According to coingecko.com (CG), it was published December 31, 2022And ETHThe company’s dominance is around 17.4% and the total cryptocurrency economy is worth $828 billion. It is important to note that the CG metrics are different from the CMC metrics, currently, the CG shows Ethereum dominance is 18%. CMC’s ethereum’s (ETH) Dominance rating increased by 3.26%, and according to CG, the increase was 3.44%.
Each of the forex market cap aggregator sites demonstrates this Bitcoin (BTC) dominance decreased. CMC metrics BTCThe party’s dominance decreased from 40% to 39.2% over the past 11 days. While showing CG stats BTCThe Ethereum dominance rating on this site was 38.5% and it is now at 37.6% on January 11, 2023. Ethereum market dominance has seen a steady increase in recent days as crypto market aggregators show that this is the case. trend of decreasing dominance bitcoin Also corresponds to the data provided by both sites.
What do you think of ethereum’s increasing market dominance in the cryptocurrency industry over the past 11 days? How do you see the development of this trend in the future? Let us know in the comments section below.
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