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Market Musings

Ether is Continuing to Outshine Bitcoin... and Has Just Flipped PayPal's Market Cap

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Published on:
April 30, 2021

A number of crypto enthusiasts on Twitter are confident that we could see Ether break $3,000 soon.

Ether is Continuing to Outshine Bitcoin... and Has Just Flipped PayPal's Market Cap

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Ether has continued to outshine Bitcoin — but the world’s No. 2 cryptocurrency was facing an uphill struggle on Friday morning as it tried to smash through the $2,800 zone.

 

At the time of writing, ETH has gained 27.8% over the past seven days… far more than the 11.86% that BTC could muster.

 

Bitcoin also had something of a wobble late on Thursday evening. After repeatedly trying and failing to overcome resistance at $55,000, it slid to lows of $52,418. However, the losses were temporary, with BTC returning to $54,706 in the hours that followed.

 

A Significant Milestone 

ETH is now firmly in price discovery mode, and we could see further volatility as traders try to determine exactly what this cryptocurrency should be worth.

 

A number of crypto enthusiasts on Twitter are confident that we could see Ether break $3,000 soon.

 

The recent uptick in ETH’s value means that this cryptocurrency’s market cap is now worth more than big names such as PayPal, Exxon Mobil, Toyota and Comcast.

Author(s)

Connor Sephton

I cover the crazy world of crypto.

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