Market Update: ETH above $3,1k (+6.5%), BTC at $57,9k (+1.9%) & KLV at $0.0854 (+3.27%)
Bitcoin Dominance falls under 50% for first time since 2018, while ETH breaks $3k milestone to trade at $3,145 (+6.5%), BTC at $57,932 (+1.9%), KLV above $0.0854 (+3.27%) & TRX at $0.13 (+3.7%).
Ethereum (ETH) has broken a new All Time High (ATH) after surpassing $3k on May 3, and is trading at $3,145 at the time of writing, and several factors are contributing to ETH’s growing popularity.
What has propelled ETH above this $3k milestone level is a combination of growing belief in ETH 2.0 (the eventual move from Proof-of-Work to Proof-of-Stake), growing institutional inflow of capital, the recently implemented Berlin hardfork, the upcoming London hardfork and an overall budding NFT market, much of which is thus far centered around the Ethereum blockchain.
There are however several factors that may impede Ethereum’s future growth. These are primarily rooted in ETH’s high gas fees (transaction fees), inability to scale under the current Proof-of-Work governance system and the lack of a well-organized developers community, clearly evident in the repeated postponements and delays of the ETH 2.0 system-wide upgrade.
Meanwhile, Bitcoin Dominance has dropped under the symbolic 50% mark for the first time since July 2018. BTC Dominance currently stand at 48.7% of the total crypto market as more capital flow into Ethereum and the altcoin market.
The drop in BTC Dominance is a sign that altcoins are rising along with the rise of Bitcoin, instead of growing as a result of Bitcoin’s growth. Promising altcoins are showing early signs of being able to decouple from BTC as a result of the fall in BTC Dominance.
Klever (KLV) is currently trading at $0.0854 and has increased +3.27% in 24h, and is up +1.54% against Bitcoin to 0.000001467 BTC. On April 30, Klever announced that after more than 3 years of research and product development, the Klever Exchange beta is finally ready for public testing.
The idea behind Klever Exchange is fully based on providing a simple, intuitive and powerful user experience where anyone can trade, with unmatched speed and advanced security architecture to fully protect user funds.
Submit your request to become a Klever Exchange beta tester by clicking the banner in Klever app's Portfolio Screen or simply visit klever.io/en/beta.
Klever will start sending out invites to chosen beta testers with access to Klever Exchange beta from May 5.
Read more about Klever Exchange beta launch here:
Klever Exchange Beta Launch - Become A Beta Tester Today!
Meanwhile, Bitcoin (BTC) is up +1.9% on the day, trading around $57,932 at this time. Ethereum (ETH) has increased +6.5% to trade above $3,145, Tron (TRX) at $0.13 and a daily increase of +3.7%, while Binance Coin (BNB) increased +4.8% to trade at $648.
KLV: $0.0854 (+2.71%) in 24h, at time of writing, 0.000001467 BTC (+1.54%)
KFI: $397 (-4.7%)
BTC: $57,932 (+1.9%)
ETH: $3,145 (+6.5%)
TRX: $0.13 (+3.7%)
BNB: $648 (+4.8%)
LTC: $276 (+3.2%)
XRP: $1.57 (-0.4%)
DOGE: $0.39 (+5.5%)
DASH: $329 (+5.5%)
BCH: $1,003 (+3.3%)
Swap all these cryptocurrencies at the push of a button in Klever Swap, with over 300 different trading pairs.
You can also purchase the following cryptos inside Klever App in what is the market’s safest and fastest way to buy crypto with Apple Pay or Credit Card: BTC, KLV, ETH, XRP, TRX, BNB, USDT, USDC & CEL.
KLV is currently trading at:
Director of Communications at Klever