Ethereum

Rally

Solana

Gains

<ul class="wp-block-list news-points"> 
 <li>ETH rose 4% in the past day but has been outperformed by SOL, XRP, and BTC.</li> 
 <li>ETH ETFs reported $167.62 million in net inflows on Wednesday.</li> 
 <li>ETH dominance has dropped to just 12.7% after XRP, SOL, BNB, and BTC shot up.</li> 
</ul> 
Ethereum (ETH) rose over 4% in the past 24 hours, hitting $3,853 and nearing $4,000. Despite the uptick, Ethereum lags behind top-performing altcoins like Solana (SOL) and XRP, as well as Bitcoin (BTC), all of which have posted up to 5X gains since the rally began. 
Despite completing various upgrades following The Merge, Ether has failed to reach new highs and is down 21.12% from its all-time high of $4,891.70. The approval of spot ETH exchange-traded funds (ETFs) earlier this year has also failed to push the price any higher. To note, ETH dominance has dipped to 12.7%. 
<h2 class="wp-block-heading" id="h-eth-etf-inflows-and-market-performance">ETH ETF Inflows and Market Performance</h2> 
According to SoSoValue <a href="https://sosovalue.com/assets/etf/us-eth-spot" target="_blank" rel="nofollow">data</a>, spot ETH ETFs recorded $167.62 million in net inflows on Wednesday. The cryptocurrency’s market cap reached $463.91 billion. A total of $897.82 million has flowed into the ETH ETF space since approval in May. 
Since the market uptrend began in October, ETH has lagged behind Solana (SOL), XRP, and even BN…
The post <a href="https://coinedition.com/eth-lags-behind-as-solana-xrp-bitcoin-rally-with-5x-gains/">ETH Lags Behind as Solana, XRP, Bitcoin Rally With 5X Gains</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

ETH Lags Behind as Solana, XRP, Bitcoin Rally With 5X Gains

Table of Contents

Coin Edition

Other articles published on Dec 5, 2024

Alaya AI: Driving Business Transformation with Advanced AI Solutions

Teresa Goody Guillén Considered for SEC Chair Amid Trump’s Pro-Crypto Push

Phantom Wallet to integrate Sui L1 blockchain

Solana ($SOL) Hits All-Time High of $264: Possible Factors Behind the Surge

Bitcoin Hits Historic $100K, Market Cap Soars Above $2T

Binance Airdrop Portal Welcomes Thena (THE) as Second Project

Join our free newsletter for daily crypto updates!