Ethereum already surpassed the world’s most popular crypto, Bitcoin, earlier this week and on Tuesday it remarked an absolute milestone for both Ethereum and Dogecoin.
Despite Bitcoin’s continued stall, the following assets rocked the market with all-time high prices. BTC keeps hovering near $56,000 market value for the entire day.
Ether managed to gain about 10% to hover above $3400 in the last 24 hours. Meanwhile, Dogecoin soared about 35% to reach $0.59 in the same 24 hours.
ETH, the 2nd most popular cryptocurrency continued surging after the European Investment Bank announcement. It issued the very first two-year digital bond of £100Mn upon Ethereum blockchain. The declaration collaborates with Goldman Sachs, Societe Generale & Santander.
The crypto already gained mainstream attention through NFTs (non-fungible tokens) supported blockchain. In fact, the digital token keeps attracting big names in the industrial world.
Some analysts who work with JP Morgan revealed ETH’s possibility to outmatch BTC in the long run.
Even DOGE holds a great interest among Wall Street as well as Main Street investors/traders. The meme-based crypto remains in close attention over Elon Musk’s involvement.
Not to mention, the tech boss is well-known to tune up the crypto price with tweets.
His occasional tweets on the digital manage to fuel the market value in no time. Words like ‘people’s money’ & ‘organic, irreverent, and fun’ promote DOGE’s popularity.
Many companies are currently accepting BTC for online payments. However, distinctive platforms are setting the path to utilize other major cryptocurrencies in near future.
However, Brock Pierce, chairman of Bitcoin, credited BTC’s ‘incredible movement’ for the increment. He claimed BTC to have a direct tie with ETH & other crypto engagement towards growing interest.
He also admitted the competition between Ethereum and Bitcoin in an interview with FOX Business. But he merely believes Ethereum’s surge costs Bitcoin’s market value. Possible market growth can appear interchangeable for the two digital assets – he added.
Some enthusiasts predict a $5000 milestone for ETH by the coming weekend. It’s still to see if any more positive announcement can push the prices upward.
