Leading altcoin #Ethereum hit an all-time high, surpassing $ 2,800 on #Bitstamp for the first time today.
Following this rise, Ethereum has achieved a significant success, surpassing the market value of payment giant #PayPal.
#Eth market value payment giant of ethereum outperformed the paypal 👇
↘️Source: Companies Market Cap
The leading altcoin Ethereum gained over 45% in April alone. Bitcoin, which stopped its rise, managed to increase its market value again to over $ 1 trillion after taking back some of its gains. However, the bitcoin dominance rate is still below 50%.
However, #Bitcoin's market continues to rise to just over $ 1 trillion. Market share is now below 50 percent after the top cryptocurrency 's rally stopped earlier this month.
Banking giant #JPMorgan thinks Ethereum could outperform Bitcoin due to its evolving ecosystem that includes decentralized finance ( #DeFi) applications, non-fungible tokens ( #NFTs) and other components.
With the upcoming EIP-1559 update, Ethereum will also transform into a deflationary currency that further reinforces the cryptocurrency's bullish position.