Ethereum is a decentralized platform for applications that run exactly as programmed without any chance of fraud, censorship or third-party interference. It’s the second most valuable cryptocurrency in the world after Bitcoin and its value has grown significantly in recent years.
Ethereum has surpassed Bitcoin in market cap, and is now the world’s second largest cryptocurrency. Read more in detail here: ethereum $100,000.
Ethereum has surpassed Bitcoin as the world’s most valuable cryptocurrency. Bitcoin (BTC) has started to lose market share to Ethereum (ETH) (ETH).
According to Alex Mashinsky, CEO of Celsius Network, Bitcoin had the highest market value, but Ether has already surpassed it. In terms of money, he claims Ether has already flipped Bitcoin.
Mashinsky confirms that it has occurred in Celsius and explains the deposits. He said that over $17 billion has been deposited in customer currencies, with Ethereum being the most valued in terms of money. He continued, “
“The reversal has already taken place. In terms of monetary value, Ethereum has already overtaken Bitcoin as the Celsius community’s total holdings, and I think the wider market will follow suit in the next year or two. The wider market will witness that turnaround as well.”
Furthermore, Mashisky thinks that the main use cases of Bitcoin and Ether are the driving force behind this shift. The primary use case for Bitcoin is as a store of wealth, while Ether’s primary use case is yield farming and staking crypto for incentives.
According to Mashisky, Ethereum’s market value will exceed Bitcoin’s in 2022 or 2023. Furthermore, he believes that, rather than Bitcoin, people will eventually adjust to Ethereum. Despite the fact that both BTC and ETH are excellent applications, one will outperform the other.
ETH Has Not Yet Surpassed BTC
Bitcoin seems to be the world’s oldest cryptocurrency, and many people regard it as the king of them all. BTC is the most valued currency on the market, surpassing all other cryptocurrencies.
Ethereum, which was founded in 2015 and is the second-largest cryptocurrency by market value, has yet to surpass Bitcoin. In terms of money, Ether has already overtaken Bitcoin, but not in terms of market capitalization.
At the time of writing, Bitcoin has a market dominance of 44.48 percent, while Ethereum has a market dominance of 18.66 percent, according to Coinmarketcap statistics.
Notably, Mashinsky isn’t the only one who believes Ethereum will one day outperform Bitcoin in terms of value. Last week, even Galaxy Digital’s founder and CEO, Mike Novogratz, projected that Ether will become the “largest cryptocurrency one day.”
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The can ethereum overtake bitcoin reddit is a question that has been asked many times. The answer to the question is no, but Ethereum will surpass Bitcoin soon.
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