maartunn
Ethereum is still more dominant as Bitcoin in terms of trading volume
Two weeks ago, I made some analysis about Ethereum on it's way by leading the bearmarket rally. Since then, not much has changed. To make this conclusion, I used the chart below đ âŹBTC Price đŠBTC Dominance by Trading Volume (%) đŞETH Dominance by Trading Volume (%) Almost on every day of August, the trading volume (%) of Ethereum was higher as Bitcoin. For example on August 22, Ethereum represents 40% of trading volume on exchanges, while Bitcoin represents only 31%. The percentages left is by trading volume on other altcoins. â What does that mean for the market? Despite less people are talking about the ETH 2.0 Merge on Twitter or news websites, Ethereum is still very populair. Investors are still 'trading the hype'. đFor me personally, I haven't bought back from what I sold at $1700 and don't have an intention to do at current prices. I'm am conservative with periods of time where #Ethereum is outperforming #Bitcoin. Of course; not financial advice, make your own conclusions