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Ethereum overtook BTC; 3 cryptocurrencies from the top 20 have grown from Damir Plotnikov's blog

On Saturday, the cryptocurrency market saw a collapse in Ethereum, Bitcoin and most other digital currencies. However, unlike BTC, which still hasn't been able to catch up after Saturday's drop, ETH has almost done the job. The ETH / BTC ratio reached a more than 3-year high thanks to this rise. At the moment, the capitalization of Ethereum, amounting to $ 494 billion, is more than 2 times lower than the capitalization of Bitcoin. On a weekly basis, the gap between Ethereum and Bitcoin is striking, with BTC dropping nearly 15% while ETH lost less than 4%. But there are other Top 20 cryptocurrencies that have stood out more amid the collapse in the past few days. This is Terra (LUNA), who managed to more than win back the fall on Saturday and even set a new record on Sunday morning. The currency is currently ranked 10th in the Top 20. Despite a 9.4% decline from yesterday, Terra maintains a weekly gain of over 32%, making it the top performing cryptocurrency in the Top 20. Polygon (MATIC / USD), currently ranked 16, is also one of the few top 20 cryptocurrencies to see gains (15.4%) throughout the week. Finally, the 3rd cryptocurrency that stands out the most is Algorand (ALGO / USD), the 18th cryptocurrency in the Top 20, which gained almost 12% in 24 hours and 4% in a week.

Read more on One Bitcoin Is How Much Now

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By Damir Plotnikov
Added Dec 7 '21


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