2018 has ended and this one has gone too fast. It has been a rollercoaster, especially for the crypto-world. The two biggest competitors in the cryptomarket; Bitcoin and Ethereum have been at each other’s throat for a while, not literally thankfully.
But which one has made the cut?
Well, for now, all the cryptocurrencies are knee deep in trouble and smooth sailing has not started yet. BTC is still recovering and struggling to cross the $4,000 benchmark.
Whereas things for Ethereum don’t look too bright either. A coin that was trading at $1,500 in 2017 has hit a new low and is down by a 90 percent. Ethereum is now trading at a $110 mark. Looking at the price of the coin alone can make you cry and bawl loudly if you bought Ethers.
However, some people are seeing the glass half full when it comes to Ethereum. They still want to invest in it because they believe it can overthrow Bitcoin. Wishful thinking? We don’t know.
But seems like we have some opposing voices as well who don’t see this happening. Are they just bitter or don’t want this to happen because their own is at stake? Little can be said but one thing is for sure: they do make compelling arguments.
Most of the people say that Bitcoin is the pioneer and to take that down will be equal to crumbling the entire empire. Which is true because people think Bitcoin is everything of the crypto world. It is now used interchangeably with crypto!
On the contrary, if you keep in mind the function of Ethereum; then you will realize how on the basis of application, Ethereum is a far stronger party. Which is one of the main reason why investors think Ethereum can still survive better than Bitcoin.
Ethereum is a decentralized processing platform and you can earn Ethereum by lending your processing power. Even mining Ethereum is more profitable as compared to Bitcoin.
Ethereum has also gone through some bad publicity, they didn’t intend to but the persistent scaling issue has brought it under the limelight. And this can be attributed to Bitcoins downfall as well.
The relationship between the two seems to be very complicated. Ethereum does have a long way before it crosses the $4,000 benchmark and who knows where could bitcoin be by then.
If Bitcoin’s value doesn’t increase in the offline world then the future for Ethereum seems more hopeful. But for now, there is a general decline in the trend of cryptomarket which is why almost all the currencies are down by 20 percent from their peak.