Ethereum is continuing with its momentum that has been gained in the past few weeks as within the last 24 hours the price has hit another milestone of $4000. This takes the market cap of ETH to $478 billion. This means that the cryptocurrency is up 32% for the week and it honestly shows no real signs of slowing up as the price of ETH continues to scale to all-time highs day after day.
This rise in price actually saw the co-founder of Ethereum Vitalik Buterin become a billionaire this past week and the price of ETH has only gone forward since then so for now at least his wealth continues to grow in an upwards trajectory.
Ethereum continues to receive criticism within the crypto space for the price of their gas fees but hard forks are supposedly on the horizon which will go a long way to changing this. It is unclear though how much the gas fees are actually holding back the rise of Ethereum. This recent rise in price would suggest that this it isn’t that significant.
Bitcoin Dominance Continues To Fall? How Low Can It Go?
Bitcoin dominance is a term given to reflect the amount of money invested in Bitcoin in comparison to the rest of the market. On this site, we brought you news in April that this level fell below 50% for the first time since 2018 and since this date, this number has continued to decline.
Coins that are seeing the most growth at the moment include XLM, Chainlink, Litecoin, and Bitcoin Cash. Although if you head over to coinmarketcap.com you will see a sea of green with very few of the coins remaining stable during this recent run.