

2021-08-08 02:20:00

3 reasons why Ethereum is unlikely to flip Bitcoin any time soon By Cointelegraph




3 reasons why Ethereum is unlikely to flip Bitcoin any time soon
After a 13% rise in two days, ‘s (BTC) market capitalization surpassed $800 billion to reach its highest value in 79 days. During the same timeframe, Ether (ETH) accumulated a 45% gain in two weeks, placing the network’s market capitalization at $340 billion.
Positive expectations for the London hard fork and its potential deflationary effect undoubtedly played a role, but some investors continue to question how Ether’s valuation stacks against Bitcoin. Some, including Pantera Capital CEO Dan Morehead, expect Ether to outpace Bitcoin as the largest cryptocurrency.
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