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Ethereum Surpasses Bitcoin With Over $21 Billion a Day in Value

Ethereum settles over $21 billion a day in value.This figure is comparatively way higher than the $2.6 billion in value of BTC.The data was shared by Twitter user Crypto...
Ethereum Surpasses Bitcoin With Over $21 Billion a Day in Value Ethereum Surpasses Bitcoin With Over $21 Billion a Day in Value
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  • Ethereum settles over $21 billion a day in value.
  • This figure is comparatively way higher than the $2.6 billion in value of BTC.
  • The data was shared by Twitter user Crypto Maxi.

According to the latest data, Ethereum has settled at over $21 billion a day in value, whereas Bitcoin only managed to settle over $2.6 billion. The data was shared by a Twitter user named Crypto Maxi, who shared the tweet with the caption, “You tell me where the future lies.”

The tweet generally shows the user’s belief in Ethereum as a more potential coin than Bitcoin and other altcoins. However, some of the users considered this to be a pointless comparison as ETH is used as gas for dApps. The user also mentioned that BTC and ETH are fundamentally different, questioning his real point with the comparison.

The cryptocurrency market has been on a rally for the past three days, with major coins displaying double-digit gains over the past few days. Bitcoin, which was trading in the $16,000 range, spiked in value and surpassed the $21,000 price for a brief time. BTC is trading at $20,810 at press time, with a 20.99% gain in value over the last seven days.

Ethereum is no exception, as it gained 17.66% over the last seven days and is trading at $1540 at press time. Ethereum touched a high of $1579 from a low of $1160 before falling to its current price. Solana displayed a 45.5% gain in value over the last seven days. Decentraland is another altcoin with a 70% gain in value over the last seven days.

2022 was a tumultuous year for the cryptocurrency market, with plummeting prices and the breakdown of cryptocurrency behemoths. However, 2023 began on a positive note, but it is still unclear whether this is a short-lived rally or the beginning of a bullish market.

The post Ethereum Surpasses Bitcoin With Over $21 Billion a Day in Value appeared first on Coin Edition.

See original on CoinEdition

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21-02-2024 05:19:18 (UTC+7)

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    EUR/USD 1.0808 Neutral  
    GBP/USD 1.2624 ↑ Buy  
    USD/JPY 149.96 ↑ Sell  
    AUD/USD 0.6550 ↑ Buy  
    USD/CAD 1.3524 Neutral  
    EUR/JPY 162.10 Neutral  
    EUR/CHF 0.9530 ↑ Buy  
    Gold 2,035.90 ↑ Buy  
    Silver 23.047 ↑ Buy  
    Copper 3.8575 ↑ Buy  
    Crude Oil WTI 76.78 ↑ Buy  
    Brent Oil 82.56 ↑ Buy  
    Natural Gas 1.700 ↑ Buy  
    US Coffee C 188.03 ↑ Buy  
    Euro Stoxx 50 4,759.75 ↑ Sell  
    S&P 500 4,975.51 ↑ Buy  
    DAX 17,068.43 Sell  
    FTSE 100 7,719.21 ↑ Buy  
    Hang Seng 16,247.51 ↑ Buy  
    Small Cap 2000 2,003.65 ↑ Buy  
    IBEX 35 10,038.20 Sell  
    BASF 46.045 ↑ Sell  
    Bayer 28.77 Neutral  
    Allianz 249.40 Sell  
    Adidas 181.12 ↑ Buy  
    Lufthansa 7.339 ↑ Buy  
    Siemens AG 168.72 Neutral  
    Deutsche Bank AG 11.954 ↑ Sell  
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