Market Cap Of Ethereum Increasing Significantly
People have forgotten about the Ethereums due to the craze of the Bitcoin. The price of the Ethereum is not linked to the price of the Bitcoin as it looks. Both have reached to an impressive market cap and one of them surpassed the value of US$ 19.
Since the foundation of Bitcoin, the Ethereum is slowly becoming one of the most resilient cryptocurrencies. There is a decline in the value of other alternative currencies such as Litecoin when the price of the Bitcoin is going up. However, the Litecoin just have a small loss in value.
The statistics of the Poloniex exchange showing that all alternative cryptocurrencies are having an increase in their value at the same time as Bitcoin. There is a great increase in the value of Ether who surpasses the valuation of US$ 19. Interestingly, the market cap for the Ethereums also surpasses the market cap of US$ 1.5 billion for the first time.
Its market has increased by around 35% over the last few days following the similar path as by the Bitcoin. A significant milestone for the Ethereum is surpassing US$ 1.5 billion market cap.
One of the important aspects for pushing the value of a cryptocurrency up or down is the trading value. Over the last 24 hours, there has been more than US$ 52 million trading value of the Ethereum. It shows the interest of traders and investors in the cryptocurrencies such as Bitcoin and Ethereum.
This news comes on the tops of many Australian exchanges who add the Ethereums as a trading option. It shows that the Ether will be likely on the way of success as Bitcoin was at a time. This shows that the people’s interest is increasing in Ethereum.