Home Ethereum Ethereum overtakes Bitcoin as DOGE and SHIB have brief rally

Ethereum overtakes Bitcoin as DOGE and SHIB have brief rally

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The global crypto market capitalization remained at US$1.12 billion in early trading on Tuesday, with bitcoin remaining relatively stable at US$23,800.

Ethereum continues to outperform the market, enjoying a 2.3% gain on Tuesday morning, briefly taking the coin’s price above the US$1,800 mark for the first time in two months.

Large-cap meme coins had a decent daily rally, with US$9.7 billion Dogecoin jumping 4% and Shiba Inu up just under 3%. Stepn gained 10.2% this morning, bringing the market capitalization of the NFT Movement to Compensation (M2E) project to $629 million.

Total value locked in the decentralized finance (DeFi) space fell 1.6% to $69.2 billion, highlighted by single-digit losses for Uniswap, PancakeSwap and Aave.

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