2.8 C
Friday, January 28, 2022

ABBC Coin, AAVE and Fantom (FTM) rally higher after partnership announcements

Must read


On April 29 Ether’s (ETH) price rose to another all-time high, boosting its market capitalization to over $320 billion. With the recent rally, Ether’s market cap has overtaken platinum and PayPal to become the 32nd most valuable asset in the world, according to data from CompaniesMarketCap.

Ether’s market dominance has risen from 10.79% at the start of the year to 15.4% currently, whereas Bitcoin’s (BTC) market cap has dropped from over 70% to 48.2% during the same period.

Crypto market data daily view. Source: Coin360

To cater to the growing popularity of Ether, asset manager WisdomTree launched a physically-backed Ether exchange-traded product on Borse Xetra and Swiss stock exchange SIX.

Even Asia seems to be gradually opening to cryptocurrency funds. According to the Naver News Service, South Korea’s Financial Supervisory Service may approve a crypto-related fund application by Hanwha Asset Management as early as May 2.

However, the wait for a Bitcoin exchange-traded fund in the U.S. was extended as the United States Securities and Exchange Commission deferred its decision on VanEck’s ETF proposal to June 17.

As Bitcoin tries to find direction, let’s look at three tokens that have been running hard in the past few days.