Since Dec. 31, 2022, ethereum’s market dominance has increased by more than 3% among the thousands of crypto assets worldwide, valued at roughly $856 billion on Jan. 11, 2023. According to coinmarketcap.com, a popular coin market capitalization aggregation site, ethereum’s crypto market dominance jumped from 18.4% to its current 19% dominance rating.
Ethereum’s Market Share Grows Amid Frenzied Surge in the Cryptocurrency Markets
Ethereum (ETH), the second-leading crypto market asset by market capitalization, has seen an increase in its market dominance over the past 11 days. ETH has managed to gain against the U.S. dollar, climbing approximately 0.48% during the last day. Seven-day metrics show ethereum has risen 6.55% against the greenback.
For ethereum and all other crypto assets, market dominance is calculated by dividing the market capitalization of ETH by the total market capitalization of all cryptocurrencies combined. As of Dec. 31, 2022, coinmarketcap.com (CMC) metrics a
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