Market share increases by 3 % with global crypto-assets-market tactualizations

Since December 31, 2022, the market dominance of Ethereum has increased by more than 3 % worldwide under the thousands of crypto-assets, which were estimated on 11 January 2023 to around $ 856 billion. Dominance assessment of 19 %.

The market share of Ethereum grows in the middle of the rapid increase in the cryptocurrency markets

Ethereum (eth) The second largest crypto market after market capitalization has experienced an increase in its market dominance in the last 11 days. ETH was able to increase compared to the US dollar on the last day. Seven-day metrics show that Ethereum has increased by 6.55 % compared to the Greenback.

For Ethereum and all other crypto-assets, market control is calculated by dividing the market capitalization ETH Cryptocurrencies together. Status: December 31, 2022, key figures of Coinmarketcap.com (CMC). archived then on archive.org ether (eth) had a market dominance assessment of around 18.4 % and the entire crypto economy was estimated at $ 796.91 billion.

dates from 11th January 2023, shows ETH The dominance of 19 % is now below the 22,261 crypto-assets that are listed on CMC and have a value of around $ 856 billion. According to Coingecko.com (cg) on ​​ 31. December 2022 , eth The dominance of fraud around 17.4 % and the entire crypto economy had a value of 828 millions US dollars. It is important to note that the metrics of CG are different from that of CMC, currently CG shows The dominance of Ethereum is 18 %. CMC shows Ethereums ( eth ) has increased the dominance assessment by 3.26 %, and according to CG, the increase was 3.44 %.

Both coin websites to summarize market capitalizations show this bitcoin (btc) The dominance has decreased. CMC metrics indicate bitcoin The dominance has fallen from 40 % to 39.2 % in the last 11 days. While CG statistics show Bitcoin The dominance assessment of Ethereum was 38.5 % on 11 January 2023 37.6 %. Ethereum's market dominance has increased steadily in the past few days, as both of the cryptomarkt aggregation websites show that this is the case. The trend of the decreasing dominance of Bitcoin is also consistent in the data provided by both websites.

What do you think about the increasing market dominance of Ethereum in the crypto industry in the past 11 days? How do you see this trend in the future? Let us know in the comment area below.

Jamie Redman

Jamie Redman is the news manager at Bitcoin.com News and a Journalist for Financial Technology living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com news about the disruptive protocols that arise today.

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