Did the era of the Dogecoin, the most famous cryptocurrency, come to its end, or it is just a calm before the storm? Let’s find out!
Ethereum goes up 20%
On Monday, Ethereum managed to reach a reading of $158.26 on the Investing.com Index, tacking on by up to 20.25% on the day. Well, it turned out to be the largest one-day percentage leap since December 24.
As a matter of fact, the uptrend pushed Ethereum's market capitalization up to the outcome of $16.31B, or to put that another way 11.13% of the total crypto market capitalization. By the way, this crypto asset’s market capitalization accounted for $135.58B at its highest.
According to recent reports, in the previous twenty-four hours, Ethereum had fluctuated in a band $129.48- $158.26.
For the last seven days, Ethereum has faced a leap in its market value and gained up to 71.8%. For the twenty-four hours to time of writing the volume of this digital coin amounted to $3.98B or in other words 16.46% of the overall volume of all crypto assets. For the last seven days, the number two crypto asset in the world has been seen in a band $91.9630-$158.2582.
Furthermore, at its current price, Ethereum has lost up to 88.88% from its all-time maximum of $1,423.20 recorded set on January 13.
Now, let’s take a look at other crypto assets. As a matter of fact, on the Investing.com Index, Bitcoin was last seen at $4,198.2, heading north by up to 6.52% on the day.
Aside from that, XRP was worth about $0.43732 on the Investing.com Index. The given outcome appears to be a 17.11% leap.
As for Bitcoin's market capitalization, it last accounted for $73.88B or in other words 50.45% of the overall crypto market capitalization. Apart from that, XRP's market capitalization managed to reach $17.81B, demonstrating 12.16% of the total crypto market value.
EOS hit $3.1009, soaring by nearly 11.70%, which happens to be the greatest one-day percentage leap since December 17.
The main digital coin erased all the gains done after Elon Musk's February announcement. What are we heading into?
Ethereum crossed $3000 recently and is aiming at $3500 already. Is it taking over Bitcoin's place?
The US Bureau of Economic Analysis will publish Core Personal Consumption Expenditures (PCE) on May 27 at 15:30 GMT+3.
The United States will publish the Preliminary GDP on Thursday, May 26, at 15:30 GMT+3.
The Reserve Bank of New Zealand will publish a monetary policy report and make an update on the interest rate on May 25, at 05:00 GMT+3.