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Rise Of Ethereum Killer Coins

Ethereum Killer Coins rising
  • Bitcoin and Ethereum were observed in a consolidation phase, on February 10, 2021
  • While numerous smart contract coins managed to project a bull rally
  • The investors may shift their interests towards other smart contract-based altcoins

Bitcoin (BTC) and Ethereum (ETH) are the two largest cryptocurrencies by market capitalization. At present, the Bitcoin market cap exceeds $700 Billion. Whereas, Ether market cap exceeds from $180 Billion. The two assets continued in a consolidation phase until February 10, 2021 night. But, the world observed various smart contract coins on a bull run.

Source: Coin360

What Happened?

On February 11, 2021, the BTC prices traded 3.16% lower at $44,977. Whereas, ETH price was down by 3.84% trading at $1,741. The Ethereum killer coins projected a bullish trend and soared higher at the same time.

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Cardano (ADA) stands as the fourth-largest cryptocurrency with a market capitalization of $28 Billion. On February 11, 2021, the asset price soared 18.73%, hitting $0.92.

Source: Tradingview

Polkadot (DOT) is the sixth-largest cryptocurrency with a market capitalization of $22 Billion. On February 11, 2021, the asset price soared 5.61%, hitting $25.06.

Source: Tradingview

Solana (SOL) surged 7.8% at $9 with a market capitalization of $2 Billion. The asset attained an all-time high of $9.23 on Wednesday evening, February 10, 2021. 

Source: Tradingview

Other striking gainers on February 11, 2021, were Aave (AAVE), Stellar (XLM) and Avalanche (AVAX). AAVE soared up 3.44%, hitting $518. XLM was up 4.03% operating at $0.43. And, AVAX traded 30% higher, attaining the price of $54.66.

Drastic Interest Change of Investors 

Bitcoin and Ethereum have attracted several institutional investors in the past few months. Moreover, Bitcoin market capitalization has sailed above $700 billion, contemplating investors’ buy in the asset. Similar is the case with Ether (ETH). ETH has a market capitalization exceeding $180 billion. Thus the asset cannot be ignored by the investors either. 

The reason for interest shift from Ethereum is nothing else but its gas fees, which has significantly surged as years have passed. 

However, the notable point is that the Ethereum killer coins are surging up significantly. Such a situation may cause a drastic interest shift of pro investors towards these smart contract coins soon.

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Ritika Sharmahttp://www.thecoinrepublic.com
Ritika Kumari Sharma is an Economics Honors graduate from the University of Calcutta. She is completely into finance and believes that cryptocurrencies are the future. She is an enthusiast learner about the cryptocurrency and blockchain technology.

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