Is Ethereum the new number 2 cryptocurrency in 2021?

Bitcoin has long been the dominant cryptocurrency, but recently Ethereum's native token, ether, has emerged as more than just a clear number two. In 2021, ether has made gains on bitcoin in terms of market cap, and investors are taking note.

How much is ether worth?

Cryptocurrency ether, the digital token of the Ethereum blockchain, topped $3,000 on Monday, hitting an all-time high and stealing attention away from the world’s largest crypto, bitcoin. Ether’s price rose about 8 percent Monday morning and exchanged hands at about $3,150 as of 6:45 a.m. ET, according to data from Coinbase.

What does the rise of ether mean for digital tokens?

The rise of Ether suggests there’s room for more than one winner among digital tokens as the sector evolves. Bitcoin now accounts for about 46% of total crypto market value, down from roughly 70% at the start of the year, and Ether makes up 15%, according to tracker CoinGecko.

Should we hold Bitcoin or Ethereum?

That being said, if we absolutely have to choose... we would prefer holding Bitcoin over Ethereum for the next few years. While Ethereum leads in terms of innovation and current use cases, Bitcoin leads in terms of security and proven track record.