Ethereum up
Ethereum is also doing very well today. The project is currently trading around $1,269 and is up 5.06 percent over the past 24 hours. Bitcoin, on the other hand, has to make do with an increase of 2.38 percent. On the other hand, Bitcoin’s market cap is still twice that of Ethereum. This basically means that a 5.06 percent increase in Ethereum equates to a roughly 2.50 percent increase in Bitcoin.
The coming months should show whether Ethereum can sustain this growth rate compared to Bitcoin. As Ethereum moves closer to Bitcoin’s market cap, more and more capital is needed to grow the project. But at least it’s a good thing to see some green numbers on the signs again. A Bitcoin price of around $17,000 is nothing to write home about, but it’s a start.