Bitcoin Radio returns after the May break. If you’ve spent the last few days in total wilderness, you will probably be surprised by the latest market news. First of all, Ethereum is chasing BTC.
Ethereum is chasing BTC
Last week was especially kind to ETH. The leading altcoin gained more than 30% in value, and its price was close to the $ 3500 level. As a result, Ethereum is strengthening its foundations and preparing for further growth. Importantly, the breakthrough of the $ 3000 level made the co-creator of the project – Vitalik Buterin officially entered the group of billionaires. His fortune is over 330,000 ETH.
A group of well-known and respected experts in the cryptocurrency world (Mark Cuban, Crypto Cobain, Capo) claim that Ether is just gaining momentum in the fight for dominance in the cryptocurrency market. In the near future, therefore, we can expect a quite significant increase in the ETH rate against the BTC rate.
Dogecoin is growing
Dogecoin is the most playful cryptocurrency on the market. Last week, she started another crazy rally. Within 7 days, the price soared 100%, outclassing the rest of the cryptocurrency rate. Dogecoin thus took the honorable 4th place in the ranking of cryptocurrency capitalization.
It is difficult to judge what will happen to the popular yellow pooch next. Its spontaneous gains in the last quarter seem to be just one big market manipulation. On the other hand, isn’t the entire cryptocurrency market based on manipulation? We will see how the DOGE will be verified over time.