Ever since Ripple (XRP) knocked it out of its 2nd-place spot for world’s most valuable cryptocurrency, the fate of Ethereum (ETH) has been up in the air. After all, it was number two for a long time. It was only Friday that this coin was just behind Bitcoin (BTC) in market value.
Unfortunately for ETH owners (but luckily for XRP owners), the tables have turned. But, especially with crypto-coins, thing in the market move very quickly. If Ethereum jumps past the $800.00 mark, it may regain its former glory.
Even though it was knocked into second place, it’s not the end of the world. This blockchain technology is still incredibly strong and popular.
It’s currently trading at about $750 per ETH coin. That’s about 2.5 percent higher than it was trading 24 hours ago. In the first week of December it was trading closer to $415. That’s still some pretty impressive growth.
Data points that support Ethereum (ETH) as a leading cryptocurrency
At $73.8 billion, this crypto-coin still holds about 12.3 percent of the total market. According to coincheckup.com, this currency has a total coin analysis score of 84.55 percent. That is very impressive.
Breaking it down, Ethereum only got a 40 percent when it comes to team strength. But, to offset that, it has a 100 percent for its Advisory board strength. It also has a 100 percent when it comes to brand awareness – but that’s no surprise. Everyone who is familiar with cryptocurrency these days is aware of Ethereum (ETH).
For Coin Strenth, coincheckup.com gave this cryptocurrency a solid 94 percent. The only reason it isn’t 100 percent is because it only gets 2/8 points for transactions per second – compared to other blockchains.
This coin’s Average Daily ROI is 1.91 percent. Its Average Monthly ROI is a nice 58 percent.
With such popularity, and such robust blockchain technology to back it up, we aren’t too worried about Ethereuem’s future. With so many new tokens being developed on top of the ETH protocol, there is still a lot of potential for this coin.
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.