Ether (ETH) is holding onto its position as the largest altcoin by market cap, which currently stands at $20 billion. The second-largest altcoin, Ripple’s XRP, has a market cap of $13.4 billion at press time.
ETH is trading around $189. On the week, the coin has also seen its value increase by over 16%.
CEO of crypto analytics firm Messari Ryan Selkis recently predicted that Ethereum version 2.0’s transition to proof-of-stake (PoS) will not take place until 2021.