There is no doubt that bitcoin is the oldest and most popular cryptocurrency. However, the cryptocurrency that comes after it in terms of popularity is Ethereum. There is a vast difference in the technical infrastructure of bitcoin and ethereum, and due to this difference, many believe that ethereum may overtake bitcoin in terms of both price and market capitalization in the coming time.
The market capitalization of Bitcoin as on 20 October 2021 was Rs 1.2 lakh crore. At the same time, the market cap of Ethereum was $ 455 billion. Experts believe that Ethereum is the only currency that has the potential to overtake Bitcoin’s market cap. Let us understand this in detail:
LIC sent SMS to crores of customers, said link PAN card with policy
What’s different in Ethereum?
Ethereum was created in 2013. It is an open source platform that helps to build and implement decentralized applications just like blockchain.
Ethereum is also considered better than Bitcoin because of its real-world use as well, which adds to its value. Ethereum allows new applications to be built on its infrastructure. While Bitcoin is just a digital currency, Ethereum is a blockchain based network that also runs the currency of the same name.
India Inc. may increase salary by an average of 9.3 percent next year
The Ethereum currency and the ETH blockchain complement each other and help the currency grow by reducing the cost of transactions on the network. In the process, the price of the token increases. Simply put, Ethereum makes payments transactions easy and simple across the world through its platform.
bitcoin vs ethereum
The price of bitcoin was $11,913 a year ago on 20 October 2020, which has increased to $ 56,483 on 20 April 2021 and it has increased to $ 63,995 on 20 October 2021. In this way, the price of bitcoin has jumped by 374 percent in the last 6 months, while its price has increased by 437 percent in the last one year.
Tremendous improvement in the condition of YES Bank, it will take 2 more years to stabilize: Former SBI Chairman Rajnish Kumar
On the other hand, the price of Ethereum rose from $368 a year ago on October 20, 2020, to $2,332 on April 20. At the same time, on October 20, 2021, its price has come down to $ 3,849 per coin. Thus, while it has given a return of 533% in the last six months, its value has increased by 946% in the last one year.
In this way, it can be said that the price of bitcoin is definitely ahead of other currencies and it continues to enjoy the advantage of being the first currency. However, circumstances may change in the coming times as the Ethereum network continues to grow, making its currency stronger.
Facebook us for social media updates (https://www.facebook.com/moneycontrolhindi/) and Twitter (.) to follow.
.