Post
Topic
Board Speculation (Altcoins)
Re: Ethereum giving bitcoin a hard chase
by
SyndicateLabs
on 11/05/2021, 02:59:48 UTC
        Bitcoin is gradually losing market value. At the start of this year, Bitcoin commanded about 70% of the total cryptocurrency market but with the continued surge of ethereum that has dropped to about 47%.
         Earlier this week ethereum got to its all-time high after reaching 3,000 and it quickly got to 3200 yesterday which amount to 15% of the crypto market. Ethereum is giving bitcoin a hard chase as it is gradually dropping the market value of BTC. This is expected to continue as many investors are flooding to ethereum.
I have an investment in this market at a fair equilibrium level, from the moment I bought it I had a plan to divide the amount of money over the cryptocurrencies I hold. And partly BTC and ETH as it is the leading coin and the future for the whole market, although there may be short-term fluctuations in price between the two, but they are both making a profit. It's huge for me right now, and I don't feel too anxious for an upcoming correction if it persists.