Ethereum is the only major cryptocurrency that has had a positive performance last week. In fact it is also the only one with a positive return in the new year as well (at 42.1%). See the Cointelegraph.com graph below.
Image Source: Cointelegraph
According to the article, Ether can now be watched as a possible indicator for the strength of the crypto market.
Source: Cointelegraph
Yes I'm not surprised about this development...
I mainly use ETH for transactions and I'm just holding ETH (besides some other alts) not BTC, because for me the transactions take too long and the fees are pretty high...way better and faster with ethereum!
Could not agree with you more...I actually liquidated my holding of BTC a few weeks ago and riding most of it on Ether because of the same reasons. Great minds thinking alike...hopefully?! :)
I think that was a good move! :)
Nice short article, upvoted!
Thanks...that's what I am trying to accomplish here. Give people the absolute cliff notes about crypto news. 'Spoon' fed blockchain information. Thanks for reading and taking the time to comment.
hey so nice I really like your post! Thanks for it! I actually wrote my 2nd part of my introduceyouself and I write about that I went to jail because of cryptos... lets make steemit together to a better place with our content! I would like to read a bit more about you and maybe do you have some more pictures? Maybe you upvote me and follow me swell as I do? https://steemit.com/counterfeit/@mykarma/2-jail-review-counterfeit-euro-speeeeending-time
Thanks for stopping by my blog. I will make sure to check out your article.
Do people trust Ethereum more than Bitcoin now? Could that be the reason for this?
I personally don't trade with Bitcoin anymore and use Ethereum/Ripple mostly.
As one of the other commenters stated, BTC transaction speeds and costs are really turning people off it. With some many other great choices, like Ethereum, this is a natural progression for people who have at least some experience with crypots and are in-the-know.
This post has received a 0.45 % upvote from @drotto thanks to: @blockchainspoon.
Release the Kraken! You got a 2.37% upvote from @seakraken courtesy of @blockchainspoon!