Remember all that talk about a “flippening” last year? For a few months, if you scrolled down r/Ethereum or even it’s meme-intensive sibling r/ETHTrader, it seemed inevitable that the market cap of Ethereum would pass that of the current top dog in crypto – Bitcoin. The general consensus of both forums was sooner, rather than later, too.
However, several months on and the change in the prices of these two digital assets tells a different story. Ethereum has dropped from around $1,390 to about $385. The all-time high was over 3.6x greater than the price today. Meanwhile, Bitcoin fell from a high of around $19,974 to around $6,930 at the time of writing. This high is just over 2.88x greater than today’s price. Clearly, therefore, people are losing confidence in Ethereum faster than they are with Bitcoin.
https://www.newsbtc.com/2018/03/30/can-ethereum-overtake-bitcoin/
Topic: Can Ethereum Overtake Bitcoin? (Read 38 times)
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