will Ethereum catch up to Bitcoin?
will Ethereum catch up to Bitcoin?
In crypto, the same metaphor is bitcoin (BTC) against ether (ETH). Since the crypto winter ended, bitcoin has outperformed. crypto over ether because historically it goes further and longer than bitcoin in the near future but until now it has underperformed.
If you wanted to explain it, you might suggest that ether developers are constantly tinkering with the blockchain, regularly injecting their new ideas into the system, which may or may not solve the blockchain problems they want to fix and that tinkering decreases the value of ether because inject uncertainty. A group of geniuses tinkering with the crypto financial system, in some ways exactly what governments do with fiat and the reason why those who hate fiat and love crypto want to get out of fiat. So Ethereum developers acting like a central bank might just hinder its valuation. “Code as law” isn’t very convincing when some young, faceless programmer can act like Judge Dredd with your bag of crypto.
Bitcoin -1.2%, on the other hand, there is almost no such interference and no system flipping every time some developer thinks something is wrong with it. The idea of decentralization is still strong in bitcoin and changing the system is incredibly difficult and the structure is hardly decentralized. bitcoin marches on, seemingly impenetrable to much human influence.
If bitcoin experiences its much-anticipated bull run, then ether will go up with it and very likely catch up to bitcoin in percentage terms and possibly keep going, as happened during the last crypto bull run in 2021. An ether investor who is “all in” would also advise that ether will displace bitcoin in the future, and if bitcoin reaches over $100,000, that could mean $25,000 per token for ether.
You also need to be aware that Eth developers has also made an implementation for its token blockchain to the SEC which by speculations it has been approved.
So in time ahead, The Eth will not longer lean its markets influence on bitcoin. This means Eth would be an independent crypto and might likely affect its liquidity. To me Eth is a good coin hopeful to compete with bitcoin but I don’t see it making dominance over bitcoin.
In terms of supply, Ethereum has unlimited supply.
In terms of security, Ethereum has inferior security compared to Bitcoin.
In terms of popularity, Bitcoin is known more than Ethereum.
In terms of price stability, Bitcoin is more stable, and Ethereum gained and lost almost 42% of its value in 3 months.
You shouldn’t believe anyone who claims any crypto coin will surpass Bitcoin or even catch up to it in any field, whether it’s an altcoin, meme coin, or shitcoin. The only coin that has surpassed Bitcoin is Monero, and only in security.
So no, I don’t think Ethereum will ever catch up to Bitcoin.
What do you mean as percentage terms? If it is volatile, we can even expect ether to increase more than bitcoin (but I do not think that would b possible as ether has become less volatile like bitcoin). But if referring to catching up with bitcoin, you suppose to talk about marketcap. Ether can not catch up with bitcoin for now in decades. The possibility of another coins to catch up with ether is more than the possibility of ether to catch up with bitcoin.