The crypto industry has been hit by a cascade of potentially-fatal events stemming from continued government interference, and the ongoing tag of dark web crime influencing market charts.
Ethereum has a huge advantage in comparison to the single-use Bitcoin cryptocurrency. Ether’s advantage of being associated with the Ethereum platform proves that the cryptocurrency can do what Bitcoin cannot – Bitcoin is limited in many ways.
Nonetheless, while Ether competes aggressively against Bitcoin on matters market capitalization, it can be safe to say that investors must keep their cards close to their chests.
Although Bitcoin’s biggest threat is Bitcoin itself, there is a wealth of evidence indicating that Ethereum will not necessarily overtake Bitcoin to become the most valued cryptocurrency in the industry.
The Potential
The recent events marking Ethereum’s success have been reflected on the health of other cryptocurrencies. The particular comparison can be made on where ETH has reached in terms of market valuation in just six years after it was founded – Bitcoin has not registered the same trajectory compared to the cryptocurrency that offers better technology.
A side-by-side study of the Bitcoin and Ethereum roadmaps would be very surprising considering that Bitcoin had a six-year head start. The market cap of Bitcoin stood at about $ 5 billion six years ago, whereas ETH managed to reach a market cap of $300 billion under similar six-year terms.
Looking forward
While Bitcoin and Ethereum have been trading in tandem for a while, maturation of the cryptoassets continue to present new possibilities and challenges. Investors are always looking for the next best option, they have been scanning across the wide range of digital assets with an aim to choose those that offer long-term potential.
Arguably, Bitcoin has been a favorite virtual asset for investors looking to cash into the crypto trade. Despite such consistent popularity among crypto fans and investors, Ethereum is offering a spirited fight.
An understanding of Ethereum as a better alternative to Bitcoin can be harnessed from its valuation. Ethereum’s dollar valuation has always been set at a lower level compared to Bitcoin – such a difference means that investors seeking to own whole coins will pick ETH over Bitcoin.
Importantly, the latest Ethereum upgrade that promises more scalability, security and sustainability has contributed to the cryptocurrency’s widespread usage – the digital asset is poised to provide much more opportunities to developers and investors compared to Bitcoin.
The above sentiment is also pegged on recent crypto market events concerning price dips that have shifted investor attention to Ethereum’s momentum and health.
A host of industry experts have predicted that Ether’s next milestone will be at the $3,000 dollar mark. Such an event will set a new psychological barrier for $5,000, and set off a cascade of investor events over the coming months.
Nonetheless, even with the current predictions about the future of Ethereum trading that will offer better prospects to that of Bitcoin, investors must be cautious.
According to Susannah Streeter, a seasoned investments and markets analyst working for the British financial services firm Hargreaves Lansdown, the market should not be certain about Ethereum’s future performance.
The analyst’s warning was pegged on the reality that cryptocurrency’s speculative environment does not exclude Ethereum on matters industry dynamics. Streeter went on to indicate that Ethereum’s gains are being influenced by conversations around online platforms, with internet influencers scrambling to drum up support for their preferred cryptocurrencies.
Indeed, investors must exercise maximum caution when dealing with crypto markets. They must avoid the trap of being swallowed up by herd mentality in making their investment choices because Ethereum – just like Bitcoin – depends on speculation to determine crypto market valuation.
The crypto industry has been hit by a cascade of potentially-fatal events stemming from continued government interference, and the ongoing tag of dark web crime influencing market charts.
Ethereum has a huge advantage in comparison to the single-use Bitcoin cryptocurrency. Ether’s advantage of being associated with the Ethereum platform proves that the cryptocurrency can do what Bitcoin cannot – Bitcoin is limited in many ways.
Nonetheless, while Ether competes aggressively against Bitcoin on matters market capitalization, it can be safe to say that investors must keep their cards close to their chests.
Although Bitcoin’s biggest threat is Bitcoin itself, there is a wealth of evidence indicating that Ethereum will not necessarily overtake Bitcoin to become the most valued cryptocurrency in the industry.
The Potential
The recent events marking Ethereum’s success have been reflected on the health of other cryptocurrencies. The particular comparison can be made on where ETH has reached in terms of market valuation in just six years after it was founded – Bitcoin has not registered the same trajectory compared to the cryptocurrency that offers better technology.
A side-by-side study of the Bitcoin and Ethereum roadmaps would be very surprising considering that Bitcoin had a six-year head start. The market cap of Bitcoin stood at about $ 5 billion six years ago, whereas ETH managed to reach a market cap of $300 billion under similar six-year terms.
Looking forward
While Bitcoin and Ethereum have been trading in tandem for a while, maturation of the cryptoassets continue to present new possibilities and challenges. Investors are always looking for the next best option, they have been scanning across the wide range of digital assets with an aim to choose those that offer long-term potential.
Arguably, Bitcoin has been a favorite virtual asset for investors looking to cash into the crypto trade. Despite such consistent popularity among crypto fans and investors, Ethereum is offering a spirited fight.
An understanding of Ethereum as a better alternative to Bitcoin can be harnessed from its valuation. Ethereum’s dollar valuation has always been set at a lower level compared to Bitcoin – such a difference means that investors seeking to own whole coins will pick ETH over Bitcoin.
Importantly, the latest Ethereum upgrade that promises more scalability, security and sustainability has contributed to the cryptocurrency’s widespread usage – the digital asset is poised to provide much more opportunities to developers and investors compared to Bitcoin.
The above sentiment is also pegged on recent crypto market events concerning price dips that have shifted investor attention to Ethereum’s momentum and health.
A host of industry experts have predicted that Ether’s next milestone will be at the $3,000 dollar mark. Such an event will set a new psychological barrier for $5,000, and set off a cascade of investor events over the coming months.
Nonetheless, even with the current predictions about the future of Ethereum trading that will offer better prospects to that of Bitcoin, investors must be cautious.
According to Susannah Streeter, a seasoned investments and markets analyst working for the British financial services firm Hargreaves Lansdown, the market should not be certain about Ethereum’s future performance.
The analyst’s warning was pegged on the reality that cryptocurrency’s speculative environment does not exclude Ethereum on matters industry dynamics. Streeter went on to indicate that Ethereum’s gains are being influenced by conversations around online platforms, with internet influencers scrambling to drum up support for their preferred cryptocurrencies.
Indeed, investors must exercise maximum caution when dealing with crypto markets. They must avoid the trap of being swallowed up by herd mentality in making their investment choices because Ethereum – just like Bitcoin – depends on speculation to determine crypto market valuation.
