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Is Ethereum Performing Better Than Bitcoin?

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Tue, Feb 20, 2024 11:58 AM

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Explore the latest industry news, insightful data, and exciting updates from CoinMarketCap. ͏ ?

Explore the latest industry news, insightful data, and exciting updates from CoinMarketCap. ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌       [CoinMarketCap Spotlight Logo](~/AAQRxQA~/RgRntxjNP0QraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS8_bGlkPXN3bDJoaXNtbzg4NlcDc3BjQgplzs2T1GVqHIwyUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)   [Globe Icon] GLOBAL CRYPTO MARKET CAP 1.96T ▼1.23% (24H) [24H Icon] 24H CRYPTO MARKET VOLUME $69.77B ▼0.42% (24H) [Bitcoin Icon] BITCOIN’S DOMINANCE 51.75% ▼0.04% (24H) FEAR & GREED INDEX [Fear & Greed Index] [ALL CRYPTO PRICES/DATA »](~/AAQRxQA~/RgRntxjNP0QraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS8_bGlkPTZnYThjY3BzMzY2blcDc3BjQgplzs2T1GVqHIwyUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) [TRENDING CRYPTO »](~/AAQRxQA~/RgRntxjNP0RFaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS90cmVuZGluZy1jcnlwdG9jdXJyZW5jaWVzLz9saWQ9a3lhajFnZzhzdnhrVwNzcGNCCmXOzZPUZWocjDJSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) [NEW LISTINGS ON CMC »](~/AAQRxQA~/RgRntxjNP0QvaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9uZXcvP2xpZD12OXBib3RrYW11ZzFXA3NwY0IKZc7Nk9RlahyMMlIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) [TRENDING DEX PAIRS »](~/AAQRxQA~/RgRntxjNP0RAaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9kZXhzY2FuL3RyZW5kaW5nL2FsbC8_bGlkPW16bmZkaDI2bXVob1cDc3BjQgplzs2T1GVqHIwyUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) Data as of: 20 Feb 2024 10 AM UTC [Gainer Icon] TOP GAINERS 24H% [Project Icon 4] [FIL](~/AAQRxQA~/RgRntxjNP0Q6aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9nYWluZXJzLWxvc2Vycy8_bGlkPWQzOWkycWUzdW0xc1cDc3BjQgplzs2T1GVqHIwyUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▲13.62% [Project Icon 5] [AR](~/AAQRxQA~/RgRntxjNP0Q6aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9nYWluZXJzLWxvc2Vycy8_bGlkPTM5NjB0Zm1sNGluMVcDc3BjQgplzs2T1GVqHIwyUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▲10.15% [Project Icon 6] [SC](~/AAQRxQA~/RgRntxjNP0Q6aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9nYWluZXJzLWxvc2Vycy8_bGlkPTRwZWNnc2NkN2h5clcDc3BjQgplzs2T1GVqHIwyUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▲8.43% [Loser Icon] TOP LOSERS 24H% [Project Icon] [HNT](~/AAQRxQA~/RgRntxjNP0Q6aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9nYWluZXJzLWxvc2Vycy8_bGlkPTgzbGJ5eWk3cHZnNlcDc3BjQgplzs2T1GVqHIwyUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▼9.17% [Project Icon 2] [WLD](~/AAQRxQA~/RgRntxjNP0Q6aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9nYWluZXJzLWxvc2Vycy8_bGlkPWh3aHVrcHliMWI0bVcDc3BjQgplzs2T1GVqHIwyUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▼7.38% [Project Icon 3] [PYTH](~/AAQRxQA~/RgRntxjNP0Q6aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9nYWluZXJzLWxvc2Vycy8_bGlkPWx3N29wbHBvM3l5eFcDc3BjQgplzs2T1GVqHIwyUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▼7.29%   With Bitcoin halving approaching, market optimism is rising. Ethereum is experiencing a welcome price boost. The second-largest cryptocurrency has jumped nearly 30% so far in February amid a flurry of positive developments like faster, cheaper transactions and speculation around a possible Ethereum ETF approval this year. But that's not all that's happening in crypto. Here is the TLDR on today’s top stories: • New blockchain game token explodes into top 10 leaderboard by volume 💥 • Ethereum price is up amid positive updates and bullish sentiment 📈 • Sui network sees stellar growth, doubling TVL since January ⬆️ • ARK Invest dumps $90M in Coinbase stock despite Wall Street optimism 😲 • Hong Kong financial circles rush to tap booming crypto demand 💰 Now let's dive deeper into what exactly is happening behind these eye-catching headlines...   PIXEL’s Makes It to Top 10 A freshly launched token powering viral Ethereum-based game Pixels vaulted straight into the top 10 most-traded cryptocurrencies this week right out the gate. The PIXEL token saw an astonishing $1.3 billion in exchange activity on its first day - exceeding big coins like Avalanche, Cardano and Dogecoin. It also dominated blockchain gaming tokens, trumping runners-up by over $1 billion in volume. Even its host Ronin Network couldn't compete. Experts attribute the unprecedented debut to Pixels' expansive play base after months of strategic growth campaigns and rewards attracting engaged future token holders. Is it going to be the next big blockchain gaming token? What do experts say? [Read the full story](~/AAQRxQA~/RgRntxjNP0R-aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvcm9uaW4tYmFzZWQtZ2FtZS1waXhlbC1lbnRlcnMtdG9wLXRlbi1tb3N0LXRyYWRlZC10b2tlbi1hZnRlci1kZWJ1dD9saWQ9M3Q0eTZydjA2eTZiVwNzcGNCCmXOzZPUZWocjDJSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~)!   Ethereum Is Up The price of Ethereum has jumped nearly 30% so far in February amid a flurry of positive developments for the blockchain. The surge comes ahead of a major network upgrade called Dencun that promises faster and cheaper transactions. There is also growing speculation that US regulators may finally approve an Ethereum ETF this year like they recently did for Bitcoin. Are we finally experiencing a bull run? What do blockchain metrics say? [Read the full story](~/AAQRxQA~/RgRntxjNP0SAaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvZXRocy1tb250aGx5LWdhaW5zLXJlYWNoZXMtMjhwZXJjZW50LWFzLWV0aGVyZXVtLWRlbmN1bi11cGdyYWRlLW5lYXJzP2xpZD1hcXBybjlpcTFpaXVXA3NwY0IKZc7Nk9RlahyMMlIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)!   [[ratio] Â](~/AAQRxQA~/RgRntxjNP0QraHR0cHM6Ly93d3cueW91dHViZS5jb20vd2F0Y2g_dj1sNjVNOThWYWE1SVcDc3BjQgplzs2T1GVqHIwyUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) CoinMarketCap Tutorial The Ultimate Guide 2024 [WATCH NOW](~/AAQRxQA~/RgRntxjNP0Q8aHR0cHM6Ly93d3cueW91dHViZS5jb20vd2F0Y2g_dj1sNjVNOThWYWE1SSZsaWQ9aTExcHZ5NnBmM292VwNzcGNCCmXOzZPUZWocjDJSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~)   Sui Sees Stellar Growth A blockchain project started by former Facebook employees has seen explosive activity growth in 2023 despite early issues. The Sui network's total value locked - measuring platform adoption - has doubled since January to over $590 million after a slow start. Critics draw comparisons with rival Aptos started by other Meta veterans using similar tech foundations. However, developers are leaning into Sui’s resilience under pressure - processing a remarkable 6,000 transactions per second in testing while maintaining low fees. But why is Sui experiencing this sudden growth? [Read the full story](~/AAQRxQA~/RgRntxjNP0SMaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvc3Vpcy10b3RhbC12YWx1ZS1sb2NrZWQtbmVhcnMtZG9sbGFyNjAwbS13aXRoLWRvbGxhcjMxMG0taW5mbG93LWluLXRoZS1wYXN0LW1vbnRoP2xpZD02cTdjeG1pYngzeDlXA3NwY0IKZc7Nk9RlahyMMlIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)!   ARK Dumps Coinbase Stock This week, ARK Invest offloaded nearly $90 million in Coinbase shares amid glowing post-earnings optimism. Now ARK still holds plenty of exposure. But its abrupt about-face despite Wall Street cheering seems peculiar given its reputation of closely tracking crypto undercurrents. Sure, not every backer welcomed results equally. Some still demand clarity on whether buzzy dynamics like Bitcoin ETFs lifted tides disproportionately near-term. So Is Cathie Wood finally making a huge mistake? Or Ark Invest knows something that we don’t? [Read the full story](~/AAQRxQA~/RgRntxjNP0SYaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvYXJrLWludmVzdC1zZWxscy1kb2xsYXI5MG0td29ydGgtb2YtY29pbmJhc2Utc2hhcmVzLWRlc3BpdGUtc3RlbGxhci1lYXJuaW5ncy1hbmFseXN0LXVwZ3JhZGVzP2xpZD02dDcyaHRubTE5ZGFXA3NwY0IKZc7Nk9RlahyMMlIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)!   What is Pixels? The Social Web3 Game Built on Ronin [What is Pixels? The Social Web3 Game Built on Ronin](~/AAQRxQA~/RgRntxjNP0RtaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvd2hhdC1pcy1waXhlbHMtdGhlLXNvY2lhbC13ZWIzLWdhbWUtYnVpbHQtb24tcm9uaW4_bGlkPWx6bjl2cGl0NHZtYlcDc3BjQgplzs2T1GVqHIwyUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) A deep dive into Pixels — a social casual open-world Web3 game and platform built on the Ronin blockchain. [READ MORE](~/AAQRxQA~/RgRntxjNP0RtaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvd2hhdC1pcy1waXhlbHMtdGhlLXNvY2lhbC13ZWIzLWdhbWUtYnVpbHQtb24tcm9uaW4_bGlkPXBmejVtNjgzNHQyYVcDc3BjQgplzs2T1GVqHIwyUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)   Hong Kong TradFi Circles Crypto Established Hong Kong financial institutions are rushing to tap into surging crypto demand after regulators opened access. Major brokerages like Tiger Brokers now upgraded licenses to support Bitcoin and Ethereum trading alongside traditional assets. Partnerships also accelerate integration, with licensed exchanges teaming with legacy players on joint digital asset projects. Which institutions have secured licensing so far? [Read the full story](~/AAQRxQA~/RgRntxjNP0SBaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvaG9uZy1rb25ncy10cmFkaXRpb25hbC1icm9rZXJhZ2VzLWtlZW4tdG8tb2J0YWluLXZpcnR1YWwtYXNzZXQtbGljZW5zZT9saWQ9eGF5MjRqZGRpbjkyVwNzcGNCCmXOzZPUZWocjDJSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~)!   And that wraps up today’s key crypto developments. Don't forget to check back in for your regular news dose! 🗞   [Apple Store](~/AAQRxQA~/RgRntxjNP0RLaHR0cHM6Ly9hcHBzLmFwcGxlLmNvbS9hcHAvY29pbm1hcmtldGNhcC9pZDEyODIxMDcwOTg_bHM9MSZsaWQ9NTVnMHE2MDVoeHF5VwNzcGNCCmXOzZPUZWocjDJSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) [Google Play](~/AAQRxQA~/RgRntxjNP0RhaHR0cHM6Ly9wbGF5Lmdvb2dsZS5jb20vc3RvcmUvYXBwcy9kZXRhaWxzP2lkPWNvbS5jb2lubWFya2V0Y2FwLmFuZHJvaWQmaGw9ZW5fVVMmbGlkPXJpZ3NzcjJwem5nZVcDc3BjQgplzs2T1GVqHIwyUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) [Twitter](~/AAQRxQA~/RgRntxjNP0QyaHR0cHM6Ly90d2l0dGVyLmNvbS9Db2luTWFya2V0Q2FwP2xpZD01Z3YzMnBsdWlrZm5XA3NwY0IKZc7Nk9RlahyMMlIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) [Telegram](~/AAQRxQA~/RgRntxjNP0QraHR0cHM6Ly90Lm1lL0NvaW5NYXJrZXRDYXA_bGlkPTl1ZWp1NjNsNXl6NVcDc3BjQgplzs2T1GVqHIwyUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) [Facebook](~/AAQRxQA~/RgRntxjNP0Q3aHR0cHM6Ly93d3cuZmFjZWJvb2suY29tL0NvaW5NYXJrZXRDYXA_bGlkPWtiZ3dtemhmeWZ5YVcDc3BjQgplzs2T1GVqHIwyUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) [Instagram](~/AAQRxQA~/RgRntxjNP0Q5aHR0cHM6Ly93d3cuaW5zdGFncmFtLmNvbS9jb2lubWFya2V0Y2FwLz9saWQ9bHFva2syYjRlNmp2VwNzcGNCCmXOzZPUZWocjDJSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) [LinkedIn](~/AAQRxQA~/RgRntxjNP0RAaHR0cHM6Ly93d3cubGlua2VkaW4uY29tL2NvbXBhbnkvY29pbm1hcmtldGNhcC8_bGlkPXViZmlvZGZsdDhtdFcDc3BjQgplzs2T1GVqHIwyUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) You were sent this message because you subscribed to CoinMarketCap. 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