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Ethereum Close to Hitting $4,000 While Cardano Aims to Return to Top 5



Ethereum is a hair’s breadth away from hitting $4,000.

Ethereum, the largest altcoin, hit an all-time high of $3,983 at 7:17 a.m. UTC on the Bistamp exchange, coming awfully close to surpassing the $4,000 level.

The new peak comes less than a week after Ether breached $3,000 for the first time on May 3.
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As reported by U.Today, asset management giant VanEck filed to launch the very first Ethereum exchange-traded fund in the U.S on Friday, which is yet another headwind for the cryptocurrency’s seemingly unstoppable rally.

Cardano is gunning for the top 5

In the meantime, “Ethereum killer” Cardano is on the verge of returning to the CoinMarketCap 5. The gap between ADA and Tether (USDT) has narrowed to less than one billion.

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Cardano is currently the second-best performing cryptocurrency within the top 10 (behind only Ethereum).

Back in February, Cardano became the third biggest cryptocurrency by market cap after its price soared in the run-up to the Mary upgrade.

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