Move over Bitcoin, Ether tops $3,000

The price of Ether topped $3,000 over the weekend, suggesting that there is room for more than just Bitcoin in the evolving sector of cryptocurrencies.

Bitcoin’s domination of the total cryptocurrency market value is declining as its next-biggest rival Ether reaches the $3,000 milestone. The rise of Ether suggests there’s room for more than one winner among digital tokens as the sector evolves. Bitcoin now accounts for about 46% of total crypto market value, down from roughly 70% at the start of the year, and Ether makes up 15%, according to tracker CoinGecko. Bitcoin remains the biggest cryptocurrency but the momentum in other tokens is drawing increasing interest. Proponents argue investors are getting more comfortable with a variety of tokens, while critics contend the sector may be in the grip of a stimulus-fueled mania.