Ethereum Market Cap Now More Than 1/2 Bitcoin

in bitcoin •  7 years ago 

Ethereum bulls (of which I am one) rejoice, Ether's total market cap has just surpassed 1/2 of Bitcoin's:

Ethereum_Bitcoin_Mcap.png

This is a significant milestone and the trend of Ethereum taking market share from Bitcoin feels relentless at this point:

BTC_ETH_1.9.2018.png

What is the paradigm shift which has taken place in the last month to cause such a powerful shift in market participant positioning?

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Ethereum has a number of uses so its interesting to see what happens to the price of this cryptocurrency over time..... Smart contract on the Ethereum blockchain is fascinating