The new DEFI platform enters the market! Earn passively - token sale 0.25 $ I'm going in!

Ethereum might turn over bitcoin

3 min reading

Bitcoin’s (BTC) market capitalization went higher than $800 billion after a 13% rise in two days. This is the highest value that has reached in the last 79 days. During this time, Ether (ETH) gained a 45% profit in two weeks-time by putting the network’s market capitalization at $340 billion.

Bitcoin’s (BTC) market capitalization went higher than $800 billion after a 13% rise in two days. This is the highest value that has reached in the last 79 days. During this time, Ether (ETH) gained a 45% profit in two weeks-time by putting the network’s market capitalization at $340 billion. 

They have been optimistic for the London hard fork and its potential deflationary effect which had a strong role, but there are some investors who continue to question how Ether’s valuation point against Bitcoin. Dan Morehead, CEO of Pantera Capital is looking forward to see Ether get ahead Bitcoin and become the largest cryptocurrency. There are many market participants who have been excited after Minneapolis Federal Reserve President Neel Kashaki said that the fed may support the asset-purchase program a bit longer. The reason that was given for the Delta variant’s spread and the chances of it to affect the labor market was, “Delta could discourage people from returning to jobs that require in-person interaction and keep kids out of schools.”  

Expanding the energy for longer increases the chances of inflationary risk this leads to increasing the attractiveness of scarce assets like real estate, commodities, stocks and cryptocurrencies. Nonetheless, this affects the macroeconomic changes which equally affect Bitcoin and Ether. While putting together some of Ethereum’s metrics and comparing them it acknowledges Ether’s 58% discount. The initial move should be to measure the number of active addresses, without adding the low amounts. Bitcoin has 6 million addresses worth $1,000 or higher and 3.67 million have been made since 2020. On the other hand, Ether has less than half at 2.7 million addresses with $1,000. Also, Altcoin’s growth has slowed down with 2.4 million created since 2020. 

The metric is 55% lower for Ether and this highlights the market capitalization gap. Nevertheless, this analysis doesn’t know how much huge investors have invested. Even though there is no good method to calculate this number, measuring cryptocurrency exchange-traded products could be a good proxy. Also, one should always compare the futures markets data. Open interest is the most accurate metric of professional investors positions as it calculates market participants total number of contracts. Nevertheless, three metrics analysed suggest that Ether’s upside, when priced in Bitcoin doesn’t point towards a “flippening” anytime soon. 

Currency Exchange rate Buy cryptocurrency

Buy crypto now

Dear customer,

We use cookies to provide our services correctly and safely. Cookies are small text-based data sets that shall be saved on the device you are using in connection with the use of this instnat website. Cookies are created in order to ensure proper functioning of thes instant website. By clicking the button "I accept and go to the website", you implicitly agree to creation of the cookies on your computer and to deploy automatic tracking and data collection and processing on behalf of the Lushup Holdings FZ LEE. Click the above-captioned button is also tantamount to accepting website's privacy policy. Closing the notification by means of "X" is unequivocally connected with your consent. If you do not agree to any of the above, please discontinue using our Website.

“Cookies” shall make an identification of the software used by you and to customization of this instant website to your needs. Cookies contain the name of the domain from which they origin, duration of period of their storage on your computer and an assigned value.

Third party cookies:
We also use third-party cookies for the following purposes:

  • creating statistics - helping to understand the way Users use the Website, which allows to improve its structure and content with use of the analytical tools
  • defining a user profile - in order to display custom-tailored content in advertising networks.

External entities that might be source of any third-party cookies on this instant Website are as follows:

Using a settings of your web browser or by using pre-set configuration tools available in our service you can independently and at any time change the settings concerning your use of the “cookies”, specifying the conditionsof their storage and how your device is creating and downloading them. These settings can be changed to block the automatic handling of cookies in the settings of your web browser or inform about their placement on your device each time.

Detailed information about the options related to use of “cookies” is available in the settings of your software (web browser).

Service privacy policy

This instant document lays out the principles of the Privacy Policy on the website (hereinafter referred to as the "Website" or "Service"). The administrator of the Website is Lushup Holdings FZ LEE, Fujairah - Creative Tower, P.O.Box 4422 Fujairah, United Arabs Emirates.

The full document to read the Tokeneo privacy policy is available in this document.

Advanced settings can be changed in your browser.