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Ethereum dominance is growing above 15% for the first time since the summer of 2018


ccnews24.net 05 May 2021 14:05, UTC
Reading time: ~1 m

The second most popular cryptocurrency has been growing almost without a break for more than a month, which was reflected not only by the new ATH but also by the dominance of ETH.

As you know, the cryptocurrency ETH reached a new ATH of $ 3,523.59 yesterday, but if we look at the chart tracking its dominance, here we can also see significant changes in its favor.

The dominance of Ethereum exceeded 15% at the beginning of this month, which is a great success for the cryptocurrency, because we last recorded such numbers in August 2018.

However, other altcoins are also a big surprise , for example,  a BNB had a dominance of only 0.53% in August 2018 and today is around 4.30%.

In this respect, bitcoin is slowly but surely losing it’s market leading position, with a 25% decrease since the beginning of the year. The ETH dominance, on the other hand, is growing rapidly with today's maximum of 17.50%.

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