The world’s second-leading crypto asset in terms of market valuation, ethereum, has seen significant gains during the last few days. Over the last 24 hours, ether values have jumped over 5% and during the course of the last week, ether has gained 11.8%. The crypto asset’s $417 billion market cap represents 18.9% of the $2.21 trillion crypto economy.
Ethereum Prices Jump Close to 40% in 30 Days
All eyes have been on ethereum (ETH) during the last few days as prices continue to climb higher. On September 1, 2021, ETH prices tapped a high of $3,563 per unit gaining more than 5% in value over the last day.
Two-week statistics show ether has jumped 18.1% and 39% during the last month. At the time of writing, the crypto asset ETH’s market cap is $417.5 billion which has increased ETH’s market dominance to 18.9% while bitcoin (BTC) dominance has slid to 40%.
Out of the $158.5 billion in global trade volume across all the coins in existence, ether trade volume during the last 24 hours is around $34.4 billion on Wednesday. Ether’s top trading pair on Wednesday is tether (USDT) as the stablecoin commands 52.6% of all ETH trades.
This is followed by USD (14.84%), BTC (12.48%), BUSD (6.59%), EUR (2.90%), and KRW (2.32%) ether trading pairs. Currently, ETH has a circulating supply of 117,343,977 ether and 97% of current ETH holders are profitable. Intotheblock statistics show the concentration of large ETH holders today is 42%.
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