2021-5-12 16:00 |
On the evening of May 10, 2021 the second-most-capitalized cryptocurrency updated the significant historical maximum of $4,000. If you look at the ethereum (ETH) price chart, you can see that as early as April 16, 2021 the coin was worth $1,930. It took less than a month to increase the cost of ETH by more than 100%.
Although Ethereum has long been predicting career sunset, due to the emergence of many other promising projects (Tron, EOS, NEO, Waves), we can see it does not lose its relevance. Ethereum continues to be the most sought-after platform that allows the creation of decentralized applications. If one assesses the situation, DeFI and NFT would be much more difficult to implement without Ethereum.
We have to mention Ethereum and Binance Smart Chain (BSC). Blockchain of the same-name exchange is actively conquering the crypto market and has risen to third place in the ranking of cryptocurrencies. Of course, the capitalization of ETH is now large at $370 billion, so it is difficult to talk about anything. But the cost of BNB in the summer of 2020 was 34 times lower.
If the moment comes when BCS becomes more popular than Ethereum, then ETH should not lose much in price: it has forever taken its place in crypto history, because it has launched many projects.
In addition, this growth of ETH confirms the altseason, which is now actively discussed in the crypto community. As we can see, the bitcoin dominance index has fallen to 43%, the last time it was in July 2018. It turns out that we can safely talk about the further growth of altcoins, and not just one ETH. In order not to miss the opportunity to earn money and follow the mood of the crypto market, use the services of RevenuBot.
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