ETH/USD 1-hour candle chart (Bitstamp). Supply: Tradingview
Ethereum does not cease at $3,500
On the time of writing, the most important altcoin by market cap was in pure price discovery mode as it sought resistance above $3,500.
The week had already seen new highs for Ether price each day, with seven-day beneficial properties standing at 36%.
Amongst analysts and merchants alike, the sense of pleasure on the day was palpable.
Brief-term price targets had known as for $5,000 whereas zooming out, $10,000 and even $20,000 weren’t unprecedented as Ether outperformed Bitcoin in greenback beneficial properties all through the previous yr.
Cryptocurrency market cap dominance chart. Supply: CoinMarketCap
Winklevoss calls Dogecoin “the folks’s cash”
On Tuesday, nevertheless, ETH was not alone. After somersaulting off its personal all-time highs final month, Dogecoin returned with a vengeance, abruptly crushing its private finest to move $0.50 for the primary time.
Discovery of a brand new price ceiling was likewise nonetheless in progress on the time of writing, with DOGE/USD taking out $0.55 on the again of 38% each day beneficial properties.
DOGE/USD 1-day candle chart (Bittrex). Supply: Tradingview
The transfer got here as main exchange Gemini introduced that it had built-in help for Dogecoin, a day after buying and selling platform eToro.
“Dogecoin is the folks’s cash. It’s natural, irreverent, and enjoyable,” co-founder Tyler Winklevoss commented.