Since December 31, 2022, Ethereum's market dominance has increased by more than 3% among the thousands of crypto assets worldwide, valued at approximately $856 billion as of January 11, 2023. According to the coin market cap aggregation page, Ethereum's crypto market dominance increased from 18.4% to its current dominance valuation of 19%. Ethereum Market Share Grows Amid Raging Rise in Cryptocurrency Markets Ethereum (ETH), the second-largest crypto market asset by market capitalization, has seen an increase in its market dominance over the last 11 days. ETH managed to gain against the US dollar, rising by around 0.48% in the last day. Seven-day metrics show Ethereum…
Since December 31, 2022, Ethereum's market dominance has increased by more than 3% among the thousands of crypto assets worldwide, valued at approximately $856 billion as of January 11, 2023. According to the coin market cap aggregation page, Ethereum's crypto market dominance increased from 18.4% to its current dominance valuation of 19%.
Ethereum (ETH) the second largest crypto market asset by market capitalization, has seen an increase in its market dominance in the last 11 days. ETH managed to gain against the US dollar, rising by about 0.48% in the last day. Seven-day metrics show Ethereum up 6.55% against the greenback.
For Ethereum and all other crypto assets, market dominance is calculated by dividing the market capitalization ETH by the total market capitalization of all cryptocurrencies combined. As of December 31, 2022, key figures from coinmarketcap.com (CMC). archived on archive.org point this out Ethereum (ETH) had a market dominance rating of around 18.4% and the entire crypto economy was valued at $796.91 billion.
Data dated January 11, 2023, indicates ETH The dominance now stands at 19% among the 22,261 crypto assets listed on CMC, valued at around $856 billion. According to coingecko.com (CG) on December 31, 2022, ETH The dominance of was around 17.4% and the entire crypto economy was worth $828 billion. It's important to note that CG's metrics are different than CMC, currently CG shows Ethereum dominance stands at 18%. CMC shows Ethereums ( ETH ), the dominance rating increased by 3.26%, and according to CG the increase was 3.44%.
Both coin market cap aggregation websites show this Bitcoin (BTC) The dominance has decreased. CMC metrics indicate this Bitcoin The dominance of has fallen from 40% to 39.2% in the last 11 days. While CG stats show Bitcoin Ethereum dominance rating on this site was 38.5% and is now at 37.6% as of January 11, 2023. Ethereum's market dominance has been steadily increasing over the past few days, as both crypto market aggregation websites show. The trend of decreasing dominance of Bitcoin is also consistent in the data provided by both sites.
What do you think about Ethereum's increasing market dominance in the crypto industry in the last 11 days? How do you see this trend in the future? Let us know in the comments section below.
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