ETH transaction volume exceeds Bitcoin for the first time, what’s next? Market value and price?

According to data from CoinMarketCap on Tuesday, ETH's 24-hour trading volume has exceeded Bitcoin.

At press time of 17:00 BST, ETH’s daily trading volume has reached $1.293 billion, surpassing Bitcoin’s $1.271 billion.

This is unprecedented in ETH’s history, and ETH’s price growth is significantly more active than BTC. Since Monday, BTC has only risen 1.65%, while the top altcoin has risen 11.3%.

Since following Bitcoin’s plunge to just $120 last Wednesday, ETH has rebounded back above $200.

As the price of Bitcoin itself rose, most altcoins also rose over the weekend, recovering some of their losses as investors believed that the long-awaited bubble had accelerated its burst.

Bitcoin once approached $3,000, while ETH hit a new high of $300. However, investment now seems to be bullish again, and Bitcoin's market share has now fallen below 50%. As of press time, according to CoinMarketCap data, the total market value of Bitcoin is approximately $36 billion, while the total market value of ETH is approximately $21 billion.

Regarding ETH’s daily transaction volume exceeding BTC, Bruce Fenton, former executive director of the Bitcoin Foundation, wrote on Twitter:

“Next is ETH market cap surpassing BTC, and then the dollar price.”

However, Fenton added that he believes the Bitcoin blockchain is still “superior” to Ethereum.

“Wow! ETH transaction volume just surpassed Bitcoin!
Next comes market capitalization, and then price in USD.
(I still think the Bitcoin blockchain is better) — Bruce Fenton (@brucefenton) May 30, 2017”