#ETH Market Cap Ratio Hits New Low#
Hot Topic Overview
Overview
Ethereum (ETH)'s market cap dominance continues to decline, currently sitting at 10.99%. It has a 24-hour trading volume of $30 billion and a circulating market cap of $403.5 billion. This indicates that ETH's market share is shrinking, with its price also falling below the $3,300 mark despite a 1.73% increase over the past 24 hours. Nonetheless, investors should remain cautious and mindful of market fluctuations when making investment decisions.
Ace Hot Topic Analysis
Analysis
ETH's market capitalization dominance has been steadily declining in recent times, hitting a new low of 10.99%. Data shows that ETH's trading volume was $30 billion in the past 24 hours, with a circulating market cap of $403.5 billion, resulting in a 2.22% drop in market dominance. Despite ETH's 1.73% rise in the past 24 hours, surpassing the $3,300 mark, the downward trend in its market dominance remains apparent. This suggests that ETH's dominance in the cryptocurrency market is waning, while other cryptocurrencies are gaining ground. The decline in ETH's market capitalization dominance could be attributed to various factors, including shifts in market sentiment, the emergence of other cryptocurrencies, and the slow progress of ETH 2.0. The future trajectory of ETH's market dominance remains to be seen.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
ETH market cap percentage continues to decline, currently down to 10.99%,
ETH's 24-hour trading volume is $300 billion, circulating market cap is $403.5 billion,
ETH market cap percentage has decreased by 2.22% in the past 24 hours,
ETH price has fallen below the $3,300 mark