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Friday, June 16, 2017

How cryptocurrency ethereum looks set to overtake bitcoin — in one chart

How cryptocurrency ethereum looks set to overtake bitcoin — in one chart

Just as Wall Street is paying more attention to bitcoin, a rival is increasingly threatening to become the top dog among cryptocurrencies.

 

Ethereum’s market capitalization is nearing bitcoin’s, as shown in the chart below from CoinMarketCap.

 

As of Wednesday, bitcoin BTCUSD, +3.15% (shown in orange on the chart) accounted for 39% of the combined market capitalization for all cryptocurrencies, down sharply from 87% on Feb. 25.

 

Blame the erosion on ethereum (shown in purple), which now makes up 31% of the total market cap, up from just 5% less than four months ago.

 

Full story at http://on.mktw.net/2rxOyT2

 

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