Ethereum Comes to Life

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Summary

While bitcoin seems to be taking a bit of a rest, ethereum rose by more than 10% and has now overtaken bitcoin in weekly gains. That’s an etherean who two years ago revealed he had a rare champaign collection. As can be seen, ethereum transactions have reached their highest in a year, jumping from about 600,000 a day to more than 800,000. After eth reaches a certain price, he opens one of the rare champaign bottles. Ethereum on-chain value transfers are now also up to $1 billion.

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Ethereum is moving. While bitcoin seems to be taking a bit of a rest, ethereum rose by more than 10% and has now overtaken bitcoin in weekly gains.

It’s trading volumes have risen to more than $13 billion, with the second biggest crypto once more seeing green.

Crypto gains over the past week, May 2019.

The concerto might be back as bitcoin and eth take turns in a dance for the first time in more than a year and a half.

Usually bitcoin rises, then takes a break. Passing on the baton to eth, which then takes a rest with bitcoin continuing the show.

Whether this duality will continue remains to be seen, but it has this spring.

Not to be left out, smaller coins sometime take the stage. Bitcoin and eth, however, are usually the ones mainly driving the space.

Ethereum transactions, May 2019.

As can be seen, ethereum transactions have reached their highest in a year, jumping from about 600,000 a day to more than 800,000.

Ethereum on-chain...

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