Ethereum's Gains Last Week Eclipsed Bitcoin, But These ETH Killers Outshone The Second-Largest Coin

Cryptocurrency investors profited handsomely last week as altcoins followed Bitcoin’s record highs.

What happened: Bitcoin, the world's largest digital asset by capitalization, began a gravity-defying bull run that propelled it beyond $122,000.

But while Bitcoin set the tone, its returns were eclipsed by other cryptocurrencies.

Ethereum, the second-largest coin, surged 17% in the last week, regaining $3,000 after a gap of more than five months. Its market dominance increased to 9.6%, while Bitcoin's share remained below 64%.

Interestingly, mid-cap coins like Cardano, Polkadot and Avalanche, once deemed as "Ethereum Killers," outgained Ethereum, surging 29.50%, 21.80% and 20%, respectively.

Stocks	Overnight Gains +/-	Price (Recorded at 3:30 a.m. ET)
Cardano (CRYPTO: ADA)	+29.50%	$0.7569
Polkadot (CRYPTO: DOT)	+21.80%	$4.13
Avalanche (CRYPTO: AVAX)	+20.00%	$21.81
Ethereum (CRYPTO: ETH)	+17.84%	$3,029.18
Bitcoin (CRYPTO: BTC)	+12.17%	$122,103

Meme heavyweights like Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) jumped 20.45% and 17.88% respectively. The total cryptocurrency market capitalization rose nearly 14% to $3.83 trillion in the last week.

Read Next:

Michael Saylor’s Strategy, Coinbase, MARA, Riot And Other Crypto-Related Stocks Spike After Hours As Bitcoin Touches All-Time High Beyond $122,000

Image via Bob Montgomery / USA TODAY NETWORK Imagn Images

More This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.