Today, a market cap is beyond question: Bitcoin (BTC) currently dominates the market at around 63.8 percent. At the same time, Ethereum covers around 9.63 percent of the total market capitalization in the area of digital currencies.
However, one thing is clear. Bitcoin & Ethereum are much more attractive to investors and traders than other altcoins. Is Ethereum better than Bitcoin? When it comes to this question, there are certainly different opinions.
That is, this fact makes sense to analyze these two cryptocurrencies. Definitely! In this article, we’re about to take a look at Ethereum and Bitcoin prospects. Which crypto is a better investment at the moment? What makes Ethereum better than Bitcoin? Or maybe Bitcoin is the leading one? Today, we will find out!
Ethereum Better Than Bitcoin: A Brief ETH & BTC Comparison
Bitcoin is primarily a digital currency. Despite the fact that it isn’t applied in daily life, nowadays you can actually buy goods and services with BTC. However, some people are skeptical about digital currencies.
The main reason for this is a volatility that doesn’t allow to consider Bitcoin as a store of value. On the one hand, this point of view is absolutely justified. On the other hand, it cannot be denied that the overall concept of Bitcoin is perfect for storing value.
A key difference between cryptos and gold is the fact that BTC is a currency in limited circulation. The number is limited to 21 million coins. In contrast, fiat money can theoretically be reprinted by central banks and governments in almost any way. Due to the fact that inflation currently exceeds interest rates, fiat money is nothing but a true store of value. Well, enough about that. One wonders how is Ethereum better than Bitcoin & how can they actually be compared. Let’s find out!
Ethereum Potential: Just Another Clone of Bitcoin?
Ethereum is much more than just a currency. There is no doubt that ETH currency plays a significant role on the digital market. However, Ethereum is also a platform that is suitable for smart contracts. The differences with Bitcoin are obvious to those who only briefly deals with the issue. Why is Ethereum better than Bitcoin? Is it actually better than BTC? Well, we can’t say exactly.
In most cases, experts come to the conclusion that the Ethereum’s as well as Bitcoin’s potential are extremely large. We will consider carefully all pros and cons, but one thing is for sure — with both investments, there is a chance that the initial capital will be increased.
However, the risk shouldn’t be neglected. Of course, losses are also possible. Even if price increases dramatically, this fact doesn’t guarantee that you will become a part of the crypto success.
Ethereum Better Value Than Bitcoin: Which Cryptocurrency is the Promising One?
It’s necessary to note that in the investment world, past chart indicators have nothing to do with future forecasts. However, from a realistic perspective, it’s likely that traders and investors keep an eye on how the coin has performed recently. Moreover, this can also lead to a true forecast under certain circumstances. Someone is sure that Ethereum is better than Bitcoin. Well, let’s find out!
The Bitcoin price has risen significantly in the last few months. The Ethereum increase was ‘only’ 25.9% in the same period. However, the annual review provides far more information. To date, Ethereum still has a loss of 36.3%. Quite another matter with Bitcoin. Within a year, the Bitcoin price rose significantly. At the same time, the latest Ethereum chart indicators have rather positive dynamics.
Today, it’s quite obvious that a Bitcoin investment would have paid off much more, at least in the short term. However, there are reasons why Ethereum is a better bet than Bitcoin. Also, there are a number of investors who have a much wider investment horizon. Isn’t it possible that the Ethereum potential is bigger and the rate boom is imminent? In any case, a closer look at the route to the all-time high shows that such a scenario isn’t unrealistic.
Is Ethereum Better Investment Than Bitcoin: Key Features to Know
A lot of people still think that Ethereum better value than Bitcoin. However, many industry experts argue that a Bitcoin investment is less risky. Why?
Of course, there are still numerous reasons. Is mining Ethereum better than Bitcoin? Well, we can’t say exactly as both cryptocurrencies will require a substantial investment to start up a mining operation. Bitcoin is becoming more suitable for everyday use. Otherwise, it fulfills its purpose — storing value and carrying out cross-border transactions. Ethereum looks a little different in this regard.
The platform is perfect for providing a basis for a wide variety of dApps & smart contracts. Maybe the Ethereum future rate will depend a lot more on whether these dApps will prevail in reality or not.
Let’s assume that there are two different scenarios. If Ethereum doesn’t prevail and another smart contract platform wins the ‘race’, the value of the digital currency could drop sharply. The second one — Ethereum wins the ‘race’ and becomes extremely useful in everyday life. That is, Ethereum will surpass Bitcoin sooner or later.
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