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Market Cap ETH Dominance, %Market Cap ETH Dominance, %Market Cap ETH Dominance, %

Market Cap ETH Dominance, %

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ETH Market Dominance at 2020 HighEther’s market cap’s share of the broader digital asset market hit a 2020 high over 14% Wednesday. Although dipping a bit Thursday, the last time ether’s share was at these levels was back in August 2018. “A large number of useful projects on the Ethereum blockchain contribute to ether dominance growth,” said Azamat Malaev, co-founder of HodlTree, a decentralized lending protocol. However, scaling is an issue that could cause ether’s share to wane, Malaev added. “To maintain this trend, Ethereum urgently need to scale the network - for ordinary users, transactions are already very expensive”
CRYPTOCAP:ETH.DLong
by danielcawrey
12
Ether Dominance At HIghest Point So Far in 2020 Thanks to DeFiThe dominance of ether in the cryptocurrency market crossed 12% Monday, its highest point in 2020 according to data calculated by real-time charting firm TradingView. Dominance, or the market cap as a percentage of the entire cryptosphere, is a measure traders use to quickly get a sense of a cryptocurrency’s importance relative to the broader digital currency market. Although ether’s dominance has dipped below 12% Tuesday, it’s still higher than it has been all year; the last time ether hit 12% dominance was back in May 2019. “DeFi users can access that market using stablecoins. But clearly the main core asset fueling the DeFi run is still ether, hence its recent dominance,” said Jean-Marc Bonnefous, managing partner for Tellurian Capital, which has been investing in crypto projects since 2014.“The recent development and ramping up of new and better DeFi applications such as Compound, Aave and Balancer is clearly generating more traction for Ethereum,” he added.
CRYPTOCAP:ETH.D
by danielcawrey
Ethereum to outperform bitcoin?Symbol: ETH.D Compared to bitcoin ethereum dominance has done the opposite. Looks stronger than btc dominance currently. ---------------------------------------------------- Want to level up your trading skills? We just realesed our new course! Follow our tradingview page and visit the link in our bio if you are looking for new strategy to add to your arsenal. Also checkout our trading indicator available in the link on our page. --------------------------------------------------- Thank you for your continued support, God bless. - Major League Trader
CRYPTOCAP:ETH.D
by UnknownUnicorn2319099