Etherumer began to implement his leadership potential against the background of conservative Bitcoin


Yuri Mazur, Head of Broker Data Analysis Department:

In the long run, Bitcoin’s leadership may challenge his main competitor — Etherumer. In April of the current year, the market capitalization of the first cryptocurrency was higher than $ 1 trillion, while the total cost of the ETH tokens was $ 244 billion. Already in mid-July, then three months later, after a significant correction of digital assets BTC lost about 40% of the price, indicator Market capitalization decreased to $ 639 billion. At the same time, the share of Etherium increased and reached $ 248.9 billion, even though the negative background from China was reflected in his course.

The main prerequisite for the sustainability of the capitalization of the second in popularity of cryptoactive is its development as an ecosystem. Bitcoin still continues to be in the laurels of the firstborn and gets his dividends from it. Nevertheless, BTC, unfortunately, stopped at the stage of the transaction system, while the broadcast is supported by investors due to its developed infrastructure and flexibility.

Now ETH is also decentralized finances, and the ability to attract financing, and blockchain solutions and much more. The flexibility of the project is also expressed in the desire to adapt to new challenges. For example, the Defi segment boom led to an increase in the costs in the platform network, and on August, the start of the update is scheduled, which aims to reduce the commission within the ecosystem.

Thus, Etherumer is interested in market participants not only as an investment attractive digital asset, but also as a developing project demonstrating alternative features of digital assets.

Bitcoin collided with what was never able to deploy the idea of cryptocurrency, stitching exclusively on the payment service. On the horizon of the next two or three years, if any cardinal changes do not occur, it is quite likely to ETH may take a leading position in the market.

There are already indirect prerequisites for this, firstly, more stable coalization of the ether compared to Bitcoin. Secondly, the growth rate of the token in 2021 significantly outdated the growth rate of BTC. According to CEX.IO Exchange on July 12, the ETH course was at $ 2,109, adding 186% to the opening price of the year. The growth rate of the first cryptocurrency for the same period of time is much more modest: from $ 28,951 digital gold increased to $ 33,527, strengthened by only 15%.

And finally, thirdly, it is a decrease in the dependence of the Etheric network from mining. Bitcoin suffered strong losses due to the fact that China has tightened politics in relation to Mainers, reducing the power of the network, pouring Hesherate, and as a result, pulling the quotes down. Ethereum has protection against such challenges, therefore, from the point of view of the evolution of digital assets, today it has great chances of leadership, while the possibilities of Bitcoin are gradually dried.

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