Bitcoin's throne is wobbling, and Ethereum could be king soon - here's the story no one is talking about
: The crypto world is buzzing and for good reason because for the first time in a long while, Bitcoin's long-held dominance is showing real cracks, and Ethereum is stepping up in a big way, as per a report.
Bitcoin Slips as Ethereum Surges
As of this week, Bitcoin's market dominance has dropped to 59.87%, reported Benzinga. It might still be in the lead, but that number has people talking, especially considering it was as high as 66% earlier this year, according to the report. At the same time, Ethereum's dominance has jumped to 13.62%, riding a stunning 51.68% price surge in just the last month, as reported by Benzinga. Ether is now trading at $4,486.75, far outpacing Bitcoin's modest 1.70% monthly gain, according to the report.
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Vitalik Buterin Returns to Billionaire Status
Ether frenzy comes following an August 11 Cointelegraph report, that highlighted that Vitalik Buterin, Ethereum's co-founder, has officially rejoined the billionaire ranks due to ETH's recent climb, which proved to be a testament to its skyrocketing value, as reported by Benzinga.
His comeback sparked a wave of enthusiasm across social media, with many pointing to his recent comments about Ethereum outperforming after it exceeded expectations due to its tech upgrades and booming ecosystem, as per the Benzinga report.
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Pro-Crypto Reforms Push ETH Forward
There's also been a big shift on the regulatory front, as on July 31, SEC Chair Paul Atkins revealed a series of pro-crypto reforms that gave Ethereum an unexpected boost, according to the report. The announcement positioned Ethereum as a serious player in the future of US financial infrastructure and the market responded, as per the Benzinga report.
Ethereum ETFs Make Big Splash
Ethereum ETFs have since made headlines, bringing in a record $2.12 billion in daily inflows, compared to just $138 million for Bitcoin, according to a CoinDesk report from July 21.
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Bitcoin Struggles to Keep Up
Meanwhile, Bitcoin, despite its high price of $119,367.90, seems to be losing some steam as investors may be taking profits or shifting their attention to altcoins, and Ethereum is reaping the benefits, according to the Benzinga report. While Bitcoin's pace has slowed, Ether's ecosystem, powered by DeFi and NFT, is pulling in capital, according to the report.
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FAQs
Is Bitcoin in trouble?
Not exactly, but its dominance is slipping, and Ethereum is gaining ground, as per the Benzinga report.
Why is Ethereum gaining popularity now?
Tech upgrades, a booming ecosystem, and strong support from new SEC reforms are all driving it, as per the Benzinga report.
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That's how new meme coins such as DOGE and PEPE blew up. Now TOKEN6900 ($T6900) is jumping into the mix, skipping jargon-laced white papers and leaning into chaos. Interestingly, that's working better than most new crypto coins. Instead of fixing finance or revolutionising markets 'using AI' or 'the metaverse,' the meme coin offers satire, sarcasm, and nostalgia. The presale has already crossed $2 million, with 80% of its total supply open to the public and a hard cap of $5 million. It even objectively stands superior to its spiritual predecessor, SPX6900, by minting one extra token. Despite its refusal to offer utility, TOKEN6900 rewards early holders with passive returns right from the presale phase (over 40% APY or annual percentage yield at the time of writing). As more investors join, the APY will gradually drop, encouraging early participation and optimism. project calls itself the first true NCT (Non-Corrupt Token) as it doesn't inflate supply or hide behind smoke-and-mirror features. With growing social media presence, influencer mentions, and a community already forming, can TOKEN6900 be the next meme coin to explode?That remains to be seen, but with its unapologetically honest narrative, it might be what today's educated meme coin crowd is looking for. Visit the $T6900 presale 2. Bitcoin Hyper: This new crypto is ready to expand Bitcoin's functionalities Bitcoin Hyper ($HYPER) is another top new altcoin to watch this season. As legacy meme coins such as DOGE and SHIB cool off, Bitcoin Hyper is heating up, raising over $9 million in its ongoing presale. 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These dynamic rates encourage early locking and long-term holding.$HYPER isn't just another crypto concept stuck in theory. It's already live on devnet. According to the website, the devnet already supports: Programme deployment via Solana CLI Contract calls and tx flows through the web console Account state management and instruction tracing Real-time transaction visibility via the explorer If it continues to deliver on its roadmap, Bitcoin Hyper could become a core pillar of the BTC DeFi narrative. Visit the $HYPER presale. 3. Best Wallet: The crypto wallet that's more than just storage Third on this list of top crypto launches to watch now is Best Wallet Token or $BEST. The upcoming altcoin has raised over $14 million in its ongoing presale and already powers a noncustodial wallet with 250,000+ active users. The demand for secure, user-friendly wallets has never been higher. Best Wallet answers this by pairing comprehensive app security with 2-factor authentication and Fireblocks MPC security addition to providing a secure space to store crypto under the complete control of the owner, Best Wallet makes the wallet work for them. Unlike clunky legacy options such as MetaMask, Best Wallet is designed for speed, simplicity, and perks. To begin with, it plans to offer cross-chain compatibility with over 60 blockchains, five of which are already integrated. Built-in swap tools and secure fiat on-ramping add to its charm. There's more coming, including limit orders, MEV protection, and a crypto-linked debit card (Best Card).Holding $BEST unlocks benefits, including reduced transaction fees, early access to hyped presales via the 'Upcoming Tokens' feature, and exclusive passive rewards. Early backers are rewarded for their patience and faith in the platform, with APYs reaching up to 90%As institutions expand their crypto reserves amid growing regulatory clarity, investors are seeking reliable wallets. Best Wallet's combination of self-custody security with DeFi and iGaming perks makes it hard to ignore. Having already raised $14 million, the undervalued altcoin is expected to be listed on exchanges soon. Before that, $BEST tokens are available in the ongoing presale for fixed, discounted prices. Visit the $BEST presale. Backed by successful presales and growing social media presence, these three new crypto projects have caught the attention of early is still in the early rounds, with prices climbing up. $HYPER just crossed the $9 million mark, while $BEST has already pulled in over $14 the next bull cycle about to begin, these new tokens seem to be more than just noise. They're ones to watch. Contact Name: Bitcoin Hyper Email: support@ Name: TOKEN6900 Email: help@ Name: Best Wallet Email: Support@ *You must be at least 18 years old to access this site. Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The above content is non-editorial, and TIL hereby disclaims any and all warranties, expressed or implied, relating to the same. TIL does not guarantee, vouch for or necessarily endorse any of the above content, nor is it responsible for them in any manner whatsoever. The article does not constitute investment advice. Please take all steps necessary to ascertain that any information and content provided is correct, updated and verified. N.R. 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