![How to Nail First-Party Data Strategy According to a Google Director of Product Management [+ New Data]](https://www.hubspot.com/hubfs/first-party-data-strategy.webp)
Bitcoin Dominates as ETH Hits Three-Year Low, What Next?
The post Bitcoin Dominates as ETH Hits Three-Year Low, What Next? appeared on BitcoinEthereumNews.com. The second most popular crypto, Ethereum, remains behind Bitcoin, in terms of its performance. Since the Ethereum September 2022 Merge update, the pair ETH/BTC has been trading below 0.04, the lowest level since April, 2021. This reflects a 53% loss. Binance shows that the ETH/BTC rate has fallen below 0.04, hitting a new low since April 20, 2021, temporarily reported at 0.03985. The rate reached a historical high of 0.1238 in January 2018 and a historical low of 0.01615 in September 2019. https://t.co/8hGTwydjmM pic.twitter.com/Yaq6NkP5BS — Wu Blockchain (@WuBlockchain) September 16, 2024 Ether, which directly competes with Bitcoin, has always been considered the most probable candidate to become the world’s largest cryptocurrency market value. At the height of the initial coin offering (ICO) frenzy in mid-2017, such a theoretical scenario was almost about to come to pass. Ether was on the verge of surpassing Bitcoin as the most valuable cryptocurrency in terms of market value in June 2017. In the beginning of 2018 Ether was nearing Bitcoin and by 2021 a spree over DeFi and NFTs triggered another renaissance. However, it could not turn the tables and depose Bitcoin to have the reign on market capitalization. What is more, it seems that the widely discussed changing of the guard will not occur in the near future. ETH/BTC Could Bottom Between 0.03-0.04 Benjamin Cowen examined past trends in the ETH/BTC ratio and hypothesized that Ethereum is coming to the end of its underperformance cycle relative to Bitcoin. Cowen predicted ETH to trade at under $2,000 by the end of the year, maybe to climb a bit in 2025. He provided a bearish outlook in the short term and a rather bullish outlook for the long term, investing in both BTC and ETH. As the market shifts in the future, he urged investors…
The post Bitcoin Dominates as ETH Hits Three-Year Low, What Next? appeared on BitcoinEthereumNews.com.
The second most popular crypto, Ethereum, remains behind Bitcoin, in terms of its performance. Since the Ethereum September 2022 Merge update, the pair ETH/BTC has been trading below 0.04, the lowest level since April, 2021. This reflects a 53% loss. Binance shows that the ETH/BTC rate has fallen below 0.04, hitting a new low since April 20, 2021, temporarily reported at 0.03985. The rate reached a historical high of 0.1238 in January 2018 and a historical low of 0.01615 in September 2019. https://t.co/8hGTwydjmM pic.twitter.com/Yaq6NkP5BS — Wu Blockchain (@WuBlockchain) September 16, 2024 Ether, which directly competes with Bitcoin, has always been considered the most probable candidate to become the world’s largest cryptocurrency market value. At the height of the initial coin offering (ICO) frenzy in mid-2017, such a theoretical scenario was almost about to come to pass. Ether was on the verge of surpassing Bitcoin as the most valuable cryptocurrency in terms of market value in June 2017. In the beginning of 2018 Ether was nearing Bitcoin and by 2021 a spree over DeFi and NFTs triggered another renaissance. However, it could not turn the tables and depose Bitcoin to have the reign on market capitalization. What is more, it seems that the widely discussed changing of the guard will not occur in the near future. ETH/BTC Could Bottom Between 0.03-0.04 Benjamin Cowen examined past trends in the ETH/BTC ratio and hypothesized that Ethereum is coming to the end of its underperformance cycle relative to Bitcoin. Cowen predicted ETH to trade at under $2,000 by the end of the year, maybe to climb a bit in 2025. He provided a bearish outlook in the short term and a rather bullish outlook for the long term, investing in both BTC and ETH. As the market shifts in the future, he urged investors…
What's Your Reaction?
