With so many projects in development, can Ethereum pass Bitcoin? This question is being asked by a large portion of cryptocurrency enthusiasts. With more development and increased utility, Ethereum’s price could rise much higher than that of Bitcoin. However, it is still too early to tell. The cryptocurrency, “ether,” is still a little bit volatile, so there’s a chance that it will surpass Bitcoin in 2022. Even so, the future of the currency depends on the developers’ work.
The market cap of Ethereum and Bitcoin are both approaching 50%, which means that by the end of 2022, both would have the same value. To achieve that, Ethereum must increase its price by more than 113% over the next 11 months. At that point, it must overtake Bitcoin’s current price, but this will take a significant upward move. Despite its recent volatility, Ethereum has already flipped Bitcoin in two important metrics, on-chain transactions and transaction fees. It is also catching up on other metrics, including market capitalization.
The era of deFi is rapidly coming to an end. Whether Ethereum can pass Bitcoin is still an open question. The platform is young, which means that its applications are nearly limitless. It has a lower monopoly than Bitcoin and is more open to reform measures. Its growth is accelerated by its popularity in the cryptocurrency space. There are many other factors that make it a strong contender. The first is its scalability. This is a huge asset and will likely become the most popular coin.
Another important factor in the Ethereum ecosystem is its development. While Bitcoin has been the industry’s top crypto asset for years, it is still relatively young, and it has the potential to go beyond money transfers. As a result, the applications of Ethereum are virtually endless. The infrastructure behind the platform has undergone some improvements, so it can easily surpass Bitcoin. It is also less monopolistic than Bitcoin, making it easier for the project to be reformed.
Both Bitcoin and Ethereum are in a race to be the leading cryptos, but there are other factors as well. In the cryptocurrency market, it is possible that one day both currencies will surpass each other. The most likely scenario is for Ethereum to surpass Bitcoin, which is known as ‘The Flippening’. The ‘flippening’ of the two currencies is a major turning point for the cryptocurrency industry. If this occurs, it will be the first cryptocurrency to do so.
While Bitcoin has a larger market cap, Ethereum’s market cap is still a bit smaller. At the moment, the cryptocurrency is worth about $371 billion, but it’s worth noting that Bitcoin’s market cap is $789 billion. To surpass Ethereum, the latter must grow 113% in 11 months, while the former needs to stay flat. As a result, if Ethereum can rise 113% to surpass Bitcoin, it will have passed it.
While the Bitcoin price is the most valuable, Ethereum is also the most popular. Its popularity has been growing, and the currency has surpassed Bitcoin since its launch in 2011. Its price has risen over the past year and has topped the $1 billion mark at one point. Although the two currencies are still far apart, they do share many attributes. By definition, the currency is a decentralized system with no central authority. Hence, it has no central authority or any third party to control its prices.
The price of Ethereum is at a 51.9% ratio with Bitcoin at $789 billion. To surpass Bitcoin, Ethereum must grow by 113% over the next eleven months and stay flat. This is an extremely difficult task. The currency is also facing negative publicity due to its electricity requirements. The price of ethereum may reach $100 per coin by 2022, which is a significant milestone for a cryptocurrency. This is possible, but it will require a lot of growth in the coming years.
The two currencies are currently ahead of each other in terms of market capital. However, the recent drop in Bitcoin’s value has led to concerns over the currency’s supremacy. The question is, can Ethereum pass Bitcoin? If so, when? And how can it do it? By 2022, it’s already in a position to do so. The current price of Ethereum is $371 billion, while that of Bitcoin is $789 billion. Can Ethereum pass Bitcoin?