Many are still believing that Ethereum will surpass Bitcoin one day.
Now that Ethereum shows a lot of success during this current bear market, a lot are wondering if the asset will be the world’s largest cryptocurrency by market cap. Bitcoin is still in the number one spot. However, Ethereum seems to be promising, and Wall Street is experiencing more interest in the asset.
Ethereum gains serious momentum
Ethereum is now the second largest cryptocurrency by market cap and the main competitor to bitcoin. Six years ago, the asset garnered a solid reputation along with the developers that are looking to establish new coins and decentralized applications. Many are believing that its network is even more adaptable because of its abilities with smart contracts.
Last year, Bitcoin rallied by about 300%, which is small when being compared to Ethereum. Now trading for about $2,500, the currency experienced a heavy dip together with Bitcoin. This is making a lot of individuals speculate if Ethereum will become more stable than BTC.
Cox isn’t the only person who believes that Ethereum is acquiring a hidden power. In the past few months, several analysts emerged to claim that ETH will surpass bitcoin to be the number on the crypto ladder. For instance, Mike McGlone is an analyst that said the very idea before. While Goldman Sachs previously issued a new report saying that Bitcoin will lose its position to Ethereum.
Will things be bullish again?
Although Ethereum and Bitcoin experience more price dips until now, several financial experts believe that the bulls will enter the fray again.
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