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Ethereum crypto economy dominance closes to 20% as ether prices hit new heights – Bitcoin Planet markets prices

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Ethereum, the second-largest crypto asset by market valuation, has seen significant gains in the last few days. Over the past 24 hours, ether values ​​have jumped over 5% and over the past week, ether has gained 11.8%. 18.9% of the crypto economy’s $ 2.21 trillion total market capitalization is represented by crypto assets.

In just 30 days, Ethereum prices have jumped nearly 40%

All eyes are riveted ethereum (ETH).Prices have risen in the last few days. September 1, 2021 ETHPrices reached $ 3,563 per unit and gained more than 5% over the last day.

Two-week statistics show that the ether has risen 18.1% and 39% in the past month. The crypto asset was at the time of writing ETHMarket capitalization of $ 417.5 billion has increased ETHMarket dominance at 18.9%, while bitcoin (BTC) dominance fell to 40%.

Ethereum's Crypto-Economy Dominance Approaches 20% As Ether Prices Reach New Highs
ETH/ USD chart created on September 1, 2021.

The global trade volume of all coins is $ 158.5 trillion. However, Wednesday’s ether trade volume was around $ 34.4 Billion. Tether is the best Ether trading pairs on WednesdayUSDTBecause stablecoin commands 52.6%, ETH trades.

It is followed closely by USD (14.84%). BTC(12.48%); BUSD (6.59%); EUR (2.90%), KRW (2.32%)) are the ether trading pair. Currently, ETHThere is a circulating supply at 117 343 977ether and 97% current. ETHThey are financially sound. Statistics for the blockShow the concentration of large ETHToday, holders are 42%

More than $ 500 Million of ether has been burned to date

The price correlation between Bitcoin and Bitcoin today is lower than usual Statistics for the blockIt is approximately 0.93. 62% of ether holders were able to hold it. ETH31% of those who held the account for more than a year have been holding it for less than one year. Transactions exceeding $ 100,000 were reported in the last seven days and totaled $ 95.66 billion.

Dune Analytics dataThis indicates that EIP-1559 was used to burn more than $ 500 million worth of ether as of September 1, 2021. This is about 156,960 ETHAt the time of writing, it was burnt. ETHThe $ 3,500 area has seen an acceleration and there is more resistance at $ 3,600 to $3,700 per unit. The moving average convergence-divergence indicator (MACD) shows hourly ETHUSD appears more bullish, and the hourly Relative Strength Index has jumped over 50.

At the time this article was written, ETHThe coin is now worth just over $ 3,500 per unit zone. This is 18.5% less than its all-time high (ATH). Four months ago, Ether was worth $ 4,356.99 per unit. But, ethereum (ETH).It is now up 819,810.2% compared to the crypto asset low of October 20, 2015, at $ 0.432979 per Ethereum (six years ago).

What do your thoughts on the Ethereum prices today? Please comment below to let us know your thoughts on this topic.

This story has tags

Bitcoin, Bitcoin (BTC), Comparison Cryptocurrency, Ethereum, Ethereum Dominance. ethereum markets. Markets, Price, Trading

Credits for the imageShutterstock, Pixabay and Wiki Commons. ETH/USD chart via Tradingview

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