ETHEREUM BEATS BITCOIN FOR VOLUME TRADING GROWTH
Latest date by Coinbase additionally discovered that buying and selling volumes for Ethereum reached $1.4trillion within the first half of 2021 – a rise of 1,461% in comparison with the identical interval in 2020.
Compared, $2.1trillion value of Bitcoin was traded – a decrease improve of 489%.
Mr Peters stated: “It’s the primary time Ethereum has crushed Bitcoin for buying and selling quantity progress in a sustained interval.
“On the similar level of their life cycles – six years in, Bitcoin had a market cap of round $5billion, whereas Ethereum has a present market cap of $300billion.
“So, you can argue that Ethereum is rising at a a lot quicker tempo.
“That being stated, with a virtually $37,000 value distinction, it nonetheless has an extended solution to go to catch up.”