It’s been two weeks since my last article about ETH’s standing compared to fiat money, and the value of ETH has risen significantly since then. Taking a look at Coinmarketcap data, Ethereum is now ranked 27th in terms of market value–13 places lower than Bitcoin, which has remained unchanged in the same period. Ethereum is now four places higher than it was two weeks ago.
ETH Ahead of the Polish Zloty, Turkish Lira, and Norwegian Krone
Ethereum’s current rank is lower than the Polish Zloty, which is still 26th. However, ETH has gained ground compared to the Chilean Peso, Turkish Lira, and Norwegian Krone, all of which have experienced a decrease in value compared to Ethereum.
Surprisingly, the Russian Ruble has seen a resurgence and is now closely following Bitcoin, with only two points between the two. Two weeks ago, the Ruble was in 25th place, 11 spots lower than Bitcoin and six places lower than Ethereum.
Crypto Market Flourishing with Total Market Cap of 2 Trillion
Similar to Bitcoin, Ethereum is gaining popularity once again. Last night, the crypto market surged, with ETH up 7% since the previous day. This is a sign that the market is gradually turning bullish as fiat currencies struggle against BTC/ETH.
The crypto market is thriving, with total market capitalization now surpassing 2 trillion USD (1.82 trillion EUR). Of this, roughly $900 billion (681 billion GBP) is Bitcoin and around $400 billion (302 billion GBP) is Ethereum.
