{"id":3736,"date":"2021-05-10T16:51:20","date_gmt":"2021-05-10T08:51:20","guid":{"rendered":"https:\/\/www.coincola.com\/blog\/?p=3736"},"modified":"2021-05-10T16:57:19","modified_gmt":"2021-05-10T08:57:19","slug":"cryptocurrencies-weekly-reportmay-3rd-may-9th-eth-hit-a-new-record-price-of-3800","status":"publish","type":"post","link":"\/blog\/cryptocurrencies-weekly-reportmay-3rd-may-9th-eth-hit-a-new-record-price-of-3800\/","title":{"rendered":"Cryptocurrency Weekly Report(May 3rd-May 9th): ETH hit a new record price of $3800"},"content":{"rendered":"

\"\"<\/a><\/p>\n

Most of the cryptocurrencies had good performance in the past week, EOS especially was\u00a0up over 55% a week, pushing the total market cap back above 2 trillion.<\/p>\n

Crypt<\/b><\/strong>o<\/b><\/strong>\u00a0Market Data Weekly V<\/b><\/strong>iew<\/b><\/strong><\/p>\n

\uff08May\u00a03rd<\/sup>-May\u00a09th<\/sup>\uff09<\/p>\n

\"\"<\/a><\/p>\n

As for Bitcoin, even though the price was only up 3.17% last week, it bounced\u00a0to nearly $60000.\u00a0Meanwhile, the recovery of the leading cryptocurrency brought confidence to traders. Now\uff0cBitcoin is trading around $59000 and attempt\u00a0to break out $\u00a060000.<\/p>\n

Despite bitcoin\u2019s price recovery, the bitcoin dominance ratio declined to 44.4%, which is the lowest level since 2018<\/span>. This ratio measures bitcoin\u2019s market cap as a percentage of the entire cryptocurrency market. According to analysts, because lower-price tokens (such as dogecoin) offer the possibility of larger gains, which attract retail traders to output money in it and lesser interested in bitcoin. If this trend continues, it is likely that bitcoin’s dominance ratio could continue to slide.<\/p>\n

On the contrary, Ether(ETH), as the second-largest cryptocurrency, its dominance ratio now has risen to 21%, with a market value of 521 billion. The price of ETH made a new record price of over 3800, up 32% in the past week<\/span>. ETH was viewed as one of the strongest performances among altcoin and attracted more traders to hold it. In fact, the strong trend of ETH has continued since the beginning of Apri.\u00a0Because of the well-known DeFi, ETH\u2019s price is expected to continue to breakthrough.<\/p>\n

EOS pumped 55% in the past week<\/span>. Its\u00a0price hit $13 on May\u00a07, with 100% gains only in three days. But, it currently trades around $10, signaling the possibility for significant upward movement.<\/p>\n

The price of Litecoin(LTC) surged by up to 36% last week. Litecoin kept strong this year and exceeded\u00a0its previous historic high of $ $371, hit $372 last week. Later, it will attempt to reach $400.<\/p>\n

XRP\u2019s price dropped about 3% in the past week. Owing to Dogecoin\u2019s strong melt-up, the rank of XRP slide to become the fourth largest cryptocurrency from the top 3.<\/p>\n

The trend may continue in the crypto space, don\u2019t mistake the chance to earn profit from cryptocurrencies.<\/p>\n

Trade Bitcoin, Ethereum, Litecoin, EOS, and many more on CoinCola. Sign up now<\/a><\/span>!<\/b><\/strong><\/p>\n

With the fiery trading market, CoinCola is distributing bonuses to retail traders<\/a>. You can join in and win a reward for your first transaction.\"\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Most of the cryptocurrencies had good performance in th…<\/p>\n","protected":false},"author":12,"featured_media":3729,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false},"categories":[79],"tags":[57,91],"yoast_head":"\nCryptocurrency Weekly Report(May 3rd-May 9th): ETH hit a new record price of $3800 - CoinCola Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.coincola.com\/blog\/cryptocurrencies-weekly-reportmay-3rd-may-9th-eth-hit-a-new-record-price-of-3800\/\" \/>\n<meta property=\"og:locale\" content=\"zh_CN\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cryptocurrency Weekly Report(May 3rd-May 9th): ETH hit a new record price of $3800 - 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