This positive factor is an indication that the users are willing to pay, showing real demand for the crypto coin.
The cumulative fee is an indicator showing the willingness of users to demand for block space as the most valuable block space currently is Ethereum.
Though other layer one blockchain protocols are coming up with stiff competition against Ethereum,
Nevertheless, with DeFi’s protocol and Ethereum’s network effect, it is not likely that ETH’s dominance will come up for a big challenge in the long run.
BTC’s low volatility
BTC in the past several days has recorded low volatility, a development that has enabled other altcoins to level up. This development has led to an increase in demand for altcoins with lower liquidity and volume.
Coincidentally, the increase in the price of Ether has fallen in period crypto coin traders call altseason,”. A season that has seen altcoins increase in value while bitcoin has recorded small price movements.