Ethereum Smashes Through $4k And Eclipses Market Cap Of Walmart

Ethereum smashed through $4,000 and at the moment of writing this article, ETH is trading in the green and the coin is priced at $4,039.

Bitstamp posted the following tweet.

As CNBC notes, ETH rose nearly 7% over the last 24 hours to $4,141.99 by 3:40 a.m. ET, according to Coin Metrics. It now has a total market value of $476.3 billion, less than half bitcoin’s $1.1 trillion.

“Once in bitcoin’s shadow, ether has seen parabolic gains recently as investors look to other cryptocurrencies for returns. Bitcoin fell over 2% in April, while ether rose more than 40%. The entire crypto market is currently worth over $2.5 trillion, according to CoinMarketCap, on the back of growing interest in the space,” CNBC noted.

Ethereum bullish prediction

Ethereum has been making some spectacular price moves this year, and the digital asset has been hitting ATH after ATH.

Just the other day, we were revealing that ETH total open interest reaches $10 billion for the first time.

Check out the graph that Unfolded posted on their Twitter account:

Also, they noted another milestone that Ethereum has been able to pass. Check out their other tweet here:

ETH coins are withdrawn from centralized exchanges. Check out what’s going on with ETH coins lately.

You can check out more details about the crypto market overview in Glassnode’s official notes.

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I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.
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