Bitcoin, Ethereum, Solana, Ripple: Is It Over Already?
Börse Online reports on the latest developments in the crypto market, noting that Bitcoin, after an impressive rise of more than 120 percent this year, needs a cooldown. The price is currently testing its 20-day line at around $29,000. Despite this correction, there is no need for investors to worry; the bull market may have just begun.
The platform highlights that last week a new all-time high of the entire crypto market was reached and it is expected that this trend will continue. With Joe Biden as the new US President since January, cryptocurrencies could receive further momentum.
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Ethereum Overtakes Tron in USDT Dominance
According to Cointelegraph Germany, on November 21, Ethereum overtook Tron in terms of dominance in the stablecoin Tether (USDT). The supply of USDT on Ethereum increased by ten percent to a value of $60.3 billion, displacing Tron from the top spot for the first time since August 2022.
This increase may signal positive prospects for the market overall, as stablecoins like Tether are crucial for trading liquidity. The use of Ethereum by financial institutions for tokenizing real-world assets further underscores its importance.
Altcoin Season on the Horizon? Rising Dominance of Ethereum!
Wallstreet:online analyzes the current market situation and sees clear signs of an impending altcoin season with rising dominance of Ethereum ($ETH). While Bitcoin is slightly losing – its current dominance is only 57.3 percent –, $ETH is significantly gaining and recently marked one of its strongest trading days with nearly ten percent gain.
Investors should remain vigilant: A decreasing Bitcoin dominance paired with increasing interest in alternatives like Pepe Unchained ($PEPU), a new Layer-2 coin with high return potential, suggests exciting times ahead according to analyst estimates potentially exceeding two thousand five hundred percent above the ICO entry price!
Bitcoin-Ethereum ETF Application Filed
BTC-ECHO reports the filing of a new ETF product application by Bitwise Asset Management with the SEC in the USA – combining the strengths of both Bitcoin and Ethereum! This aims to provide investors with easy access and increase the chances of approval due to planned restructuring within regulatory bodies towards a more crypto-friendly environment.
Promising Future Prospects for Ether Compared to BTC?
Lennard Merten writes on Bitcoin²Go about optimistic forecasts regarding possible trend reversals among leading cryptocurrencies. Even though stagnant movements have been observed recently, there remains hope for a successful long-term catching up, particularly reaching the five-digit price range, which many experts still project to have strong growth potential for both sides equally, with especially promising momentum seen in favor of ETH...
Sources:
- Ethereum explodiert mit einem Gewinn von 10 %—Steht die Altcoin-Saison kurz vor dem Start?
- Bitcoin, Ethereum, Solana, Ripple: War es das jetzt etwa schon?
- Ethereum (ETH) erobert USDT-Dominanz gegen Tron (TRX) nach 2 Jahren zurück
- Altcoin Season in Sicht? Ethereum-Dominanz steigt an!
- Bitwise reicht Antrag für Bitcoin-Ethereum-ETF in den USA ein
- Ethereum Preis steigt, Bitcoin fällt: ETH auf Rekordkurs
