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Seeking Alpha 2021-11-30 13:34:39

Ethereum continues to outshine Bitcoin amid crypto market rally; Shiba Inu soars

Ethereum (ETH-USD), the second largest crypto by market cap, continues to outpace Bitcoin (BTC-USD) as the global crypto market cap rises 3.2% to $2.64T so far on Tuesday, according to data from CoinMarketCap. Keep in mind that Bitcoin (BTC-USD), with a $1.09T market cap and Ethereum (ETH-USD), with a $543.8B market cap accounts for more than half of the global crypto market share. Ether (ETH-USD) jumps 6% to $4.6K while Bitcoin (BTC-USD) rises just 1.5% intra-day, as seen in the chart below. "#Ethereum is about to outperform #Bitcoin," Executive Advisor to the Chairman & CEO at Qualco, Michael Nicoletos, writes in a tweet, as he reposts another tweet of what appears to be the Ethereum/Bitcoin ratio breaking out of descending resistance (now support), testing September risk levels. With regards to alt coins, Shiba Inu (SHIB-USD) takes the spotlight again following a month-long downtrend off its all-time high towards the end of October. SHIB tokens soar 32% to $0.000051

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