Dogecoin and Ethereum hit new all-time highs on Tuesday amid the hype in the cryptocurrency market. The rise in prices means that the combined value of all cryptocurrencies now exceeds the market cap of Apple, the most valuable company in the world.
Bitcoin also continued its recovery after the price crash in late April, when it fell from $ 65,000 to $ 48,000. It is currently trading at around $ 56,000 and has been growing steadily over the past few days.
The surprise jump in dogecoin prices was triggered by tweets from Elon Musk and the announcement of the popular trading app eToro that it would now offer a meme-inspired cryptocurrency to its 20 million users. Dogecoin is up nearly 20 percent in the last 24 hours and 60 percent in the last week.
Not all major cryptocurrencies saw gains overnight, with both cardano (ADA) and bitcoin cash dropping by about 3 percent.
Gemini becomes the latest exchange to add support for dogecoin
The Dogecoin price has just seen another major boost after the popular cryptocurrency exchange Gemini added support for it.
It is now trading above $ 0.56, peaking today at $ 0.58, up 36 percent in the past 24 hours. Just a week ago, it was less than half that price.
You can read the whole story here:
Anthony Cuthbertson4 May 2021 21:22
Dogecoin price has reached a new all-time high
The price of dogecoin has just broken a new record, surpassing $ 0.46 for the first time in its history.
The meme-inspired cryptocurrency surged nearly 20 percent overnight, boosted by news that eToro has made it available to 20 million users.
According to CoinMarketCap, Dogecoin is currently trading at $ 0.4666 at the time of writing, the highest price ever. By the time I finish writing this post, it might be even higher.
Here are some thoughts from Professor Carol Alexander on why dogecoin is gaining popularity again:
Anthony Cuthbertson4 May 2021 09:05
Dogecoin is now available on eToro
Dogecoin price has just surpassed $ 0.40 and is approaching an all-time high after eToro made it available to its customers.
This is a major coup for a meme-inspired cryptocurrency that has so far been absent on a number of key platforms like Coinbase.
EToro has over 20 million registered users worldwide, and all of them can now invest in dogecoin if they want to. It might be risky, but so far this year the rewards have been great and have surpassed the rewards of other popular cryptocurrencies already offered by eToro.
You can read the entire story here, along with analysis from a leading financial academic.
Anthony Cuthbertson3 May 2021 15:32
The cryptocurrency market is now more valuable than Apple
The recent price surge in the cryptocurrency market has lifted it above the most valuable company in the world.
The total combined value of all cryptocurrencies currently exceeds $ 2.3 trillion, more than $ 100 billion more than Apple’s market cap.
Bitcoin alone is worth over $ 1.1 trillion, higher than Facebook and Tesla. Meanwhile, the massive rise in Ethereum prices put it ahead of PayPal, Bank of America and Nestle.
When listing assets by market capitalization, including precious metals, companies, and cryptocurrencies, Bitcoin is ranked eighth overall. If you combine all the cryptocurrencies, only gold is higher.
Anthony Cuthbertson3 May 2021 09:16
Ethereum price has reached another all-time high
The price of Ethereum (Ether) hit a record high again, surpassing $ 3,000 for the first time in its history.
According to the CoinMarketCap Price Index, the cryptocurrency peaked at $ 3,107.01 on Monday morning and continues to trade just a few dollars below that level.
This is the fifth time in the past seven days that Ethereum has hit a new all-time high and posted nearly $ 1,000 in profit in the same time period.
On May 3 of last year, Ethereum alone was worth just $ 200, which means that the price of Ethereum has risen more than 1400 percent year on year.
Anthony Cuthbertson3 May 2021 08:24
Bitcoin price bounce entails other cryptocurrencies as well
Bitcoin price has surged 6 percent, surpassing $ 57,000 for the first time since mid-April.
This appears to have impacted the broader cryptocurrency market: Ethereum (ether), Bitcoin Cash, and Litecoin are among those who have achieved similar gains in the past 24 hours.
Ethereum’s upward trajectory has pushed it back to a new all-time high of $ 2,868, according to the CoinMarketCap Price Index.
However, the biggest price spike occurred on dogecoin, which is up more than 15 percent since yesterday and is now trading above $ 0.36 – less than 10 cents from its all-time high.
Anthony Cuthbertson1 May 2021 12:22
Explaining Ethereum’s Huge Price Rise
What’s going on with Ethereum? Well, a lot: this year its growth has exceeded the growth of bitcoins by three times. And there is so much more to it than just that.
Andrew GriffinApril 30, 2021 09:34 AM
Bitcoin dominance drops to three-year low
It will take a whole article to explain the incredible rise in Ethereum prices (we are working on it), but one of the consequences is that the dominance of Bitcoin in the market has decreased significantly.
Curtis Ting, managing director of cryptocurrency exchange Kraken, reveals that this is in fact the lowest since 2018.
“There has been a notable shift from bitcoin to altcoin in the past month. Kraken Intelligence analysis shows that combined weighted average market caps for alternative crypto subsectors – DeFi, NFT, and Layer 1 protocols like ETH – increased by 28%, 36% and 44%, respectively. By contrast, Bitcoin dominance – a measure of BTC’s share of the total market capitalization of an asset class – fell to nearly a three-year low last week, ”he says. Independent…
“The data suggests that market participants are switching to coins with smaller market caps and showing more volatility in the hopes of finding additional opportunities to maximize their profits. Many may have participated in the recent bitcoin rally and could use some of their advances to move to the alt.
Anthony CuthbertsonApril 29, 2021 19:25
Staggering rise in Ethereum prices
Ethereum’s latest record means it is now 14 times more expensive than it was just a year ago.
This price chart shows that it was a bumpy but ultimately lucrative 12 months for cryptocurrency investors.
Anthony CuthbertsonApril 29, 2021 16:58
Ethereum price hit record high again!
Ethereum price shows no signs of slowing down. After a short period of consolidation after yesterday’s all-time high, the cryptocurrency has just hit another all-time high.
A couple of other major cryptocurrencies – notably cardano (ADA) and Binance Coin – have seen gains in recent days, but Ethereum use is largely at odds with broader market trends.
Bitcoin remains $ 10,000 below its all-time high, while dogecoin is also trying to return to the highs it saw earlier this month.
Ethereum’s latest price record means that it is up more than 1,300 percent in less than a year.
Here we have the complete story:
Anthony CuthbertsonApril 29, 2021 14:03