Bitcoin was the first cryptocurrency and remains the most valued even now.. But Ethereum has soared in popularity over the past year, and many people wonder if Ethereum will ever surpass Bitcoin.
While converting 1 ETH to BTC comes out to be around 0.065, in this post, we’ll take a look at what separates these two cryptocurrencies and answer the question: will Ethereum ever surpass Bitcoin?
What is Ethereum?
Ethereum is a digital currency and cryptocurrency, similar to Bitcoin. However, it has its own unique features that set it apart. It’s been called the “world computer” because Ethereum is not just a cryptocurrency but also a platform for smart contracts and dApps (decentralized apps).
Ethereum is more versatile than Bitcoin in many ways. It can be used as a store of value, can be used to make transactions, and can be used to create new tokens.
What is Bitcoin?
Since 2008, Bitcoin has existed as a virtual currency. Bitcoin was the first cryptocurrency ever to exist, and it reached its peak with a value of over $65,000 in Feb-2021. There are currently more than 740 billion Bitcoins in circulation.
Will Ethereum Ever Surpass Bitcoin?
It’s hard to say whether or not Ethereum will surpass Bitcoin in the future. Currently, Bitcoin is valued at over $39,000 per coin, and Ethereum is valued at around $2500 per coin.
It’s difficult to predict whether or not Ethereum will be able to overtake Bitcoin. However, many people believe that as Ethereum’s popularity grows, it will eventually overtake Bitcoin in value.
This, however, may take some time to happen because-
- Ethereum has less than half of Bitcoin’s market cap right now
- Bitcoin is more established, so it has more widespread use
- Ethereum has had some security issues with companies hacked and coins stolen
- The Ether protocol has been revised recently, which may change the price predictions
The question still stands – but based on recent trends and numbers, we can say that it is possible, if not probable, that it will happen in the future.
What are the odds?
It’s hard to say whether or not Ethereum will surpass Bitcoin in the near future. There are so many factors that go into it, and it’s impossible to predict without a crystal ball.
We do know that Bitcoin has a head start over Ethereum, which means that its market value is more than 10 times higher. Furthermore, the cryptocurrency has a cap on the number of coins that can be mined, whereas there is no such limit for Ethereum.
Lastly, because Bitcoin was the first cryptocurrency in existence, it gained instant support from investors and programmers. But if Ethereum continues to grow at this rate, the chances are good that they’ll surpass Bitcoin soon enough!
Atom price prediction 2022
ATOM has a lot of potentials, and with the right partnerships and advancements, the number of users and adoption might skyrocket. If the market focuses solely on investing in ATOM, the price could rise. It has the potential to reach a lifetime high in 2022.
If the market falls, it is believed that the ATOM would turn around a little. Many atom price predictions in 2022 indicate that year 2022 is expected to end with an average price of around $40 for ATOM.
