The market capitalization of Etherium(ETH) fell below 8 % in the pool of the whole cryptocurrency market, which is the lowest level since March 2017.

According to CoinMarketCap, As of 10:30 p.m on Tuesday, Etherium's market capitalization was around $24.2 billion, or 7.84% of the total market capitalization. Bitcoin's capitalization of the market, on the other hand, is about $212.6 billion, or 68.9%.

The weight of the time series of Etherium and Bitcoin hit the 30% level in June 2017, narrowing the gap between the two countries to a minimum, but later began to widen again.

Etherium, a smart contract platform, accounted for more than a third of the cryptocurrency market at a time when the cryptocurrency market was amid hype and ICO. That's why Etherium supporters said they expected it to be a "flippening," overtaking Bitcoin.

On the decrease in Etherium's market share, the media analyzed that Etherium's market share has fallen to the present point due to the movement of funds to Bitcoin due to a successful hard fork, the update of Etherium and the highlight of network shortcomings, and the absence of Etherium killer apps.

NewsBTC added that Bitcoin was the beneficiary of the decline in the weight of Etherium's market share, which has risen to its highest level in more than two years.

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