{"id":11601,"date":"2021-09-01T13:54:07","date_gmt":"2021-09-01T13:54:07","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/ethereums-crypto-economy-dominance-nears-20-as-ether-prices-rocket-to-fresh-highs\/"},"modified":"2021-09-01T13:54:07","modified_gmt":"2021-09-01T13:54:07","slug":"ethereums-crypto-economy-dominance-nears-20-as-ether-prices-rocket-to-fresh-highs","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/ethereums-crypto-economy-dominance-nears-20-as-ether-prices-rocket-to-fresh-highs\/","title":{"rendered":"Ethereum\u2019s Crypto Economy Dominance Nears 20% as Ether Prices Rocket to Fresh Highs"},"content":{"rendered":"

The world\u2019s second-leading crypto asset in terms of market valuation, ethereum, has seen significant gains during the last few days. Over the last 24 hours, ether values have jumped over 5% and during the course of the last week, ether has gained 11.8%. The crypto asset\u2019s $417 billion market cap represents 18.9% of the $2.21 trillion crypto economy.<\/strong><\/p>\n

Ethereum Prices Jump Close to 40% in 30 Days<\/h2>\n

All eyes have been on ethereum (ETH)<\/a> during the last few days as prices continue to climb higher. On September 1, 2021, ETH<\/a> prices tapped a high of $3,563 per unit gaining more than 5% in value over the last day.<\/p>\n

Two-week statistics show ether has jumped 18.1% and 39% during the last month. At the time of writing, the crypto asset ETH<\/a>\u2019s market cap is $417.5 billion which has increased ETH<\/a>\u2019s market dominance to 18.9% while bitcoin (BTC<\/a>) dominance has slid to 40%.<\/p>\n

ETH<\/a>\/USD chart recorded on September 1, 2021.<\/p>\n

Out of the $158.5 billion in global trade volume across all the coins in existence, ether trade volume during the last 24 hours is around $34.4 billion on Wednesday. Ether\u2019s top trading pair on Wednesday is tether (USDT<\/a>) as the stablecoin commands 52.6% of all ETH<\/a> trades.<\/p>\n

This is followed by USD (14.84%), BTC<\/a> (12.48%), BUSD (6.59%), EUR (2.90%), and KRW (2.32%) ether trading pairs. Currently, ETH<\/a> has a circulating supply of 117,343,977 ether and 97% of current ETH<\/a> holders are profitable. Intotheblock statistics<\/a> show the concentration of large ETH<\/a> holders today is 42%.<\/p>\n

<\/p>\n

Over $500 Million Ether Burned To-Date<\/h2>\n

Today\u2019s price correlation with Bitcoin is lower than usual and Intotheblock statistics<\/a> show it is around 0.93. While 62% of ether holders have held ETH<\/a> for a year or more, 31% hold for less than a year. As far as transactions greater than $100K over the past seven days, there\u2019s been an aggregate total of $100K transactions adding up to $95.66 billion.<\/p>\n

Dune Analytics data<\/a> indicates that as of September 1, 2021, more than $500 million in ether has been burned via EIP-1559. That\u2019s approximately 156,960 ETH<\/a> burned at the time of writing. ETH<\/a> has accelerated through the $3,500 zone and there\u2019s heavier resistance at $3,600-$3,700 per unit. The Moving Average Convergence-Divergence indicator (MACD) hourly shows ETH<\/a>\/USD is looking more bullish and the hourly Relative Strength Index (RSI) has jumped above 50.<\/p>\n

At the time of writing, ETH<\/a> is changing hands just above the $3,500 per unit zone and is down 18.5% from the coin\u2019s all-time high (ATH). On May 12, 2021 (four months ago) ether reached a value of $4,356.99 per unit. However, ethereum (ETH)<\/a> is up a whopping 819,810.2% since the crypto asset\u2019s low on October 20, 2015, at $0.432979 per ether (six years ago).<\/p>\n

What do you think about the current ethereum prices on Wednesday? Let us know what you think about this subject in the comments section below. <\/strong><\/em><\/p>\n

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\nMarkets and Prices, Bitcoin, Bitcoin (BTC), Comparison, Cryptocurrency, ETH, ETH\/USD, ether, Ethereum, Ethereum Dominance, ethereum markets, Markets, Prices, trading<\/p>\n","protected":false},"excerpt":{"rendered":"

The world\u2019s second-leading crypto asset in terms of market valuation, ethereum, has seen significant gains during the last few days. Over the last 24 hours, ether values have jumped over 5% and during the course of the last week, ether has gained 11.8%. The crypto asset\u2019s $417 billion market cap represents 18.9% of the $2.21…<\/p>\n","protected":false},"author":0,"featured_media":11602,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-11601","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/11601"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=11601"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/11601\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/11602"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=11601"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=11601"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=11601"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}