Ethereum has just hit a new all-time high. ETH has passed the $ 4,000 mark and is currently trading at around $ 4,100.
With a market capitalization of around USD 480 billion, ETH is the second largest cryptocurrency in the world, well below Bitcoin’s USD 1.1 trillion. Ethereum’s success is also due to the demand for smart contracts from Ethereum and decentralized application platforms – DeFi and NFTs all run on the Ethereum blockchain.
While the popularity of altcoins has stolen much of the cryptocurrency’s limelight recently, Ethereum is not to be confused with the hundreds of other large-cap alts. Although its features are different from those of BTC, ETH is a far more popular platform to build on and is often viewed as its own real cryptocurrency.
In other cryptocurrency news, SafeMoon outperforms Bitcoin as CoinMarketCap’s most viewed cryptocurrency.