Ethereum (ETH) Tops a Notable Ranking, Surpassing Popular Altcoins and Meme Coins

Despite this success, the asset’s price has recently declined by 5% in 24 hours and 15% weekly, with analysts indicating critical levels for potential recovery in its value.that Ethereum has garnered much attention lately, experiencing the fastest rise in discussion rate in the crypto community. Beam was placed second, while the biggest stablecoin by market capitalization, Tether , rounded up the top three.

Other popular cryptocurrencies included in the list are Cat in a Dogs World , Avalanche , Toncoin , and Ondo . According to Santiment, the main reason for the interest in ETH is the recent approval of spot Bitcoin and Ethereum ETFs in Hong Kong.earlier this week, the regulators of China’s special administrative region gave the thumbs up on several such products: a move that reflects the city-state’s intention to emerge as a global crypto hub.While Ethereum remains quite popular among industry participants, the native token of the blockchain platform—ETH—has suffered a severe setback lately.

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