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Ether hits a new all-time high and is approaching $ 5,000

The week started with an upward movement of the two largest cryptocurrencies by market capitalization: bitcoin (BTC) and ether (ETH). While the former is close to exceeding its peak of USD 66,698 – reached on October 20 -, the latter hit a new all-time high of USD 4,757 on the morning of November 8.

The new peak that reached ether represents an increase of 540% so far this year , 10% from last week and 3.6% on the day, according to the data that can be seen in CoinGecko. The CriptoNoticias calculator reveals that at this precise moment it is worth USD 4,694, which shows a decrease of 1.4% compared to its maximum point.

If we put this figure in perspective, Today ether is worth the same price as bitcoin five years ago, precisely, in 2017. Since then, bitcoin has managed to increase its value by more than 1,300% and consolidate in recent weeks, as CriptoNoticias reported.

Ether grew more than bitcoin in 2021

During the year, ether has remained above bitcoin, with respect to its price increase. It has achieved 415% higher growth. So far in 2021, bitcoin, the most expensive cryptocurrency on the market, has had a 125% increase in value. At this moment it is worth USD 64,757, according to the CriptoNoticias calculator.

In November 2021, only ether has the market capitalization of the entire cryptocurrency ecosystem in December 2020. Source: CriptoNoticias.

However, the market capitalization of ether is less than that of bitcoin. It is precisely 560 billion dollars, while the leading cryptocurrency in value has 1.2 trillion dollars, according to data from CoinGecko. Regarding the total cryptocurrency market, the dominance of ether represents 18.61% and that of bitcoin 41.44%.

The current market capitalization of ether is exactly the same as that of the entire cryptocurrency ecosystem eleven months ago when 2020 ended. Today the global value is 3 trillion of dollars, that is, it has increased by 500% this year. This shows the growing interest in the ecosystem of these assets.

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Sandra Loyd
Sandra is the Reporter working for World Weekly News. She loves to learn about the latest news from all around the world and share it with our readers.

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