Winter is coming and the night is dark and full of terrors....
According to several analysts, Ethereum is beginning to take the lead in the crypto universe, replacing Bitcoin - which despite its decline in recent weeks is still the king by far.
Certainly the universe of cryptocurrencies is highly volatile and speculative, so predicting trends is extremely difficult, however there is a characteristic of its technology and its functionality that explains quite well the reason for this migration of investors from Bitcoin to Ether and why it is This trend could be consolidating in the short term, in fact it has already risen 325% since the beginning of the year. Some of the reasons why its price soared have to do with the fact that the European Investment Bank announced that it had issued some 100 million euros in digital bonds in Ethereum, in addition to the explosive growth that other types of assets such as NTFs working on the ethereum network
With its latest bullish move, Ethereum's capitalization rose to $ 397 Billion, or 17.3% relative to the total market capitalization of all cryptocurrencies. For its part, Bitcoin seems to be on the verge of definitively losing the $ 1000 Billion mark, placing its global dominance at 46.9%.
Bitcoin continues to struggle to settle at $ 55.000-56,000, while Ethereum hits a new all-time high each day, placing the current one over $ 3,500 ($ 3527 at publish date)
What do you think? Are we seeing the coming of the new King?
