Ethereum ERC20 tokens are gaining in total market capitalization and have received more market share relative to Ethereum in this year of 2019.
According to the current data, the ERC20 tokens have gained on Ethereum (ETH) market capitalization and have gained more and more market shares which are related to the main project Ethereum.
ERC20 tokens gain on ETH market cap
Recently, CoinMetrics have reported on twitter that this year has been beneficial for the ERC tokens as the market cap of ERC20 tokens has flourished and has gained relative to ETH.
CoinMetrics stated that though the gain in the market cap of ERC20 tokens has been slow it has been in constant and steady movement. CoinMetrics also said that during the issue of the State of Network of this week, we analyzed ERC20 tokens and we were able to know where they are going.
ERC-20 token market cap has been steadily gaining on ETH market cap since mid-2018.
In this week’s issue of State of the Network we analyze the evolution of Ethereum tokens and look at where they are headed.
Read the full story by @natemaddreyhttps://t.co/oF4JcANXkp pic.twitter.com/MX5dKn4mr9
— CoinMetrics.io (@coinmetrics) November 12, 2019
ETH tokens once had a successful period of time when they were at their highest point in 2017. And at one point, these tokens also became the de facto token standard across the whole crypto world.
Realized Market Cap of ERC20 VS ETH
The realized market capitalization of ERC20 tokens and Ethereum (ETH) are compared and are represented in a chart. To calculate the realized market cap, the analyst looks at the value of each unit of supply at the price that previously moved. This comparison of the market cap seems to be accurate as ERC tokens are no longer active.
The realized market cap comparison of ERC20 and ETH is shown in the following graph.
ERC20 tokens bounce back in 2019
ERC20 tokens were at the peak in 2017 but after that many of these tokens were associated with the failed ICOs and therefore were of no use. After that, the following year of 2018 was also proved as a rough year for Ethereum tokens and its ecosystem.
However, in 2019, these tokens have bounced back and have gained more and more market shares relative to Ethereum. Their steady movement shows that they are active in the market.
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