Ethereum outpaces Bitcoin as it reaches new all-time high on less token supply

The world's second largest digital token by market cap, Ethereum (ETH-USD), climbs to new record highs and outperforms the largest crypto, Bitcoin (BTC-USD), as ether token supply gets smaller. In the past five sessions, Ether's (ETH-USD) total return leads BTC by seven percentage points, as well as the past month by about five percentage points, and substantially Y/Y, as seen in the chart below. Perhaps part of the reason for Ether's (ETH-USD) rally is meme-based alt coins, particularly Shiba Inu (SHIB-USD), which gained 141% so far this week, becomes a leading ETH burner as more tokens are removed from ETH circulation, CoinDesk reports. Note that SHIB tokens pull back on Friday by about 15%, bringing its market cap rank down to 10th place. Specifically, Shiba Inu (SHIB-USD) burnt 770.12 ETH, becoming the third largest ETH burner; Uniswap V2 (UNI-USD) destroyed 2,729.22 ETH and Tether (USDT-USD) burnt 1,248.72 ETH. CoinDesk also notes