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Ether profitability exceeded bitcoin profitability three times

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Ether profitability exceeded bitcoin profitability three times

Ether profitability exceeded bitcoin profitability three times
CONTENT

  • Ether has overtaken Bitcoin in terms of return on investment for a month.

  • Ethereum blockchain network is gaining momentum more and more thanks to the growth of smart contracts and stablecoins.

  • At the same time, ether still retains its original role as a “cryptocurrency fuel” for projects.

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In just one month, the ether cryptocurrency was able to overtake the largest digital asset in terms of capitalization, bitcoin, and it seems that this is just the beginning..

Cryptocurrency Ether has overtaken bitcoin in profitability three times over the past month. According to the statistics of the resource Coinlib, the profitability of ether began to exceed the profitability of Bitcoin starting from April 3.

Source: coinlib.io

Ether profitability exceeded bitcoin profitability three times

 

The largest gap was recorded on April 19, when the return on ETH was 34% and BTC was 8%. At the time of this writing, the gap has narrowed from 26% to 24%.

Gaining momentum

Recently, the Ethereum blockchain network is gaining momentum more and more actively. Earlier, for example, the editorial staff of BeInCrypto reported that the number of launched smart contracts on the Ethereum network reached 1.9 million units, which is an absolute record in the history of the platform. The growth is partly due to cheaper fees, as well as the growing popularity of ERC-20 stablecoins..

The Ethereum network is one of the oldest in the cryptocurrency market. Launched in 2015, the Ethereum network has become one of the most popular sandboxes in the industry, becoming a springboard for deploying smart contracts, as well as creating your own cryptocurrency projects..

Amendment. The news originally announced the launch of the Ethereum network in 2017. BeInCrypto editors apologize to readers for the mistake

However, along with the growing popularity, the centralization of the project also grows. Just two mining pools account for over 50% of the total hashrate of the Ethereum network. This, in turn, makes you think about the level of competition in the cryptocurrency ecosystem..

Ethereum 2.0

The upcoming Ethereum 2.0 launch is often cited as the reason for Ethereum’s sharp dominance over Bitcoin..

The new version of Ethereum will not only change the consensus algorithm, but will also introduce many new scalable solutions that should improve Ethereum’s throughput and the number of supported projects..

Ether profitability exceeded bitcoin profitability three times

Also, our editors have already written that even Wall Street is increasingly interested in the Ethereum blockchain, which can significantly speed up transactions in the financial market..

Public interest is also fueled by statements by the co-founder of Ethereum, Vitalik Buterin. The famous cryptographer at one time made it clear that ether, unlike bitcoin, has not lost its original purpose – to be a cryptocurrency instrument. 

Originally conceived as a digital currency, bitcoin has become something of a digital gold, while ether still serves its role as a vehicle for exchanging resources or registering asset transactions using smart contracts..

What do you think? Can yields continue to grow while maintaining the gap? Share your thoughts with us in the comments.

Disclaimer

All information contained on our website is published in good faith and objectivity, and for informational purposes only. The reader is solely responsible for any actions he takes based on the information received on our website..

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