Souvenir tokens representing cryptocurrency Bitcoin and the Ethereum network, with its native token ether, plunge into water in this illustration taken May 17, 2022. REUTERS/Dado Ruvic/Illustration
Sept 13 (Reuters) - For years, ether could barely dream of challenging its big brother bitcoin. Now, its ambitions may be becoming more realistic.
The second-biggest cryptocurrency is taking market share from bitcoin ahead of an all-important "Merge" software upgrade that could sharply reduce the energy usage of its Ethereum blockchain, should the developers pull it off in coming days.
Bitcoin's dominance, or its share of the crypto market's market value, has slipped to 39.1% from this year's peak of 47.5% in mid-June, according to data platform CoinMarketCap. Ether, on the other hand, has climbed to 20.5% from 16%.
The upstart is still a long way from overtaking bitcoin as the No.1 cryptocurrency, a reversal known to aficionados as "the flippening". It's made up ground, though; in...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...