The leaders of the crypto ecosystem, BTC and ETH, reached the peak prices of the last months and entered a race, so which one is more effective in this race?
Pioneer of altcoins and one of the most valuable names in the cryptocurrency market ETH, approaching ShanghaiAnd capellabefore the update, gained an exciting momentum.With the atmosphere created by this excitement in the crypto ecosystem, those who find voracious buyers in the crypto market ETH reached the level of 1942.59 dollars, seeing the peak value of the last 7 months. . As of yesterday, the crypto market value has a large share in seeing the peak of the last 10 months. ETH, along with heads mixed . Bitcoin ( BTC), not signing this market value even after seeing $ 29,150 in the past days, It could be a sign of ETH’s leadership in this matter.
The crypto market cap, which did not increase so much even after BTC made its recent peak, tested the peak of ETH after this price move.
What about all these events? “Could it be a sign that ETH currently has more say than BTC?
Ethereum (ETH) Hits 7-Month High
ETH, one of the pioneers of cryptocurrencies, with the wind behind it It reached the peak value of the last 7 months on April 5th.Rising to approximately 1943 dollar levels. ETH has attracted attention with its independent pricing lately.ETH, which did not perform such a performance even when BTC reached the level of $ 29,150, created question marks in crypto investors.
Currently higher than price openings on annual, monthly and weekly basis. ETH seems to have targeted 2032 and 2144 dollars for itself, especially before the Shanghai and Capella update. . In case the expectations are not met, it is of great importance to maintain the levels of 1795 – 1760 dollars.
Bitcoin (BTC) Hits the Top of the Last 10 Months
30 Marchtested the level of $ 29,177 on BTC had reached its highest value since June 2022. BTC, which has gained an upward momentum from 15.500 levels, has achieved such a rise despite the Fud news from the market. It is currently below the monthly and weekly price opening. The $ 30,000 levels for BTC create great expectations.
The $30,000 level, which is not only technically but also psychologically impeding, has become one of the most important criteria in the battle of crypto leaders. This level is now of greater importance for BTC, which lags behind ETH in terms of market impact.
The Name Pioneering Crypto Market Cap: Ethereum!
From CoinMarketCapIn line with the data received, the crypto market value, which has been on the rise for a while, reached $ 1.209 trillion, It reached its highest value since June 2022 . The crypto market capitalization, which usually continues under the leadership of BTC, this time without the effect of a sharp pricing movement of BTC. broke his recent record.
Considering the Ethereum chart, again on April 5, the last 7-month peak price of ETH We see it show. Reaching $117 on CoinMarketCap ETH has brought with it a new peak in crypto market cap.In the previous times of the crypto industry, BTC was the name that directly affected such data, this time The fact that ETH made such an attack and offered the opportunity to set a short-time record in the sector surprised the investors.
2022of the year Juneafter month 30 in March BTC, which reached its highest value, saw $ 28,967 in CoinMarketCap data. After BTC saw this price, the crypto market value reached the highest value in a certain period of time, but in the current situation, BTC is at lower prices, Data led by ETH’s record, It has been a sign that ETH is gaining the upper hand.
ETH’s Star Shines in the Arena!
The activity in the ETH ecosystem, which will step into many new developments after the Shangai and Capella update, is increasing day by day. As of writing the news, it seems that 526,911 crypto validators have staked 18 million ETH. One of the biggest indicators of this situation was the rapid increase in the number of “Active Validators” day by day.
The increasing interest in the ETH ecosystem regarding the update seems to be reflected not only on that side, but also globally. As reviewed on Google Trends “ ShanghaiThe increase rate of the word ” in Google searches, It has been an indication of the interest in ETH in the last days. ETH is one of the main criteria for the rise of altcoins. After BTC settles in a certain price range ETH, which crypto investors hope for, has managed to become a more researched cryptocurrency than BTC in recent days.
