THECRYPTO.WATCH – This year, it marks the 13th anniversary of Bitcoin’s introduction to the public. However, there has been a slightly astonishing development of cryptocurrencies. Cryptocurrency experts agree that it is highly likely that Ethereum will overtake Bitcoin.
Last year, all types of crypto experienced a fantastic price spike. Except for May 2021, when the crypto is experiencing a slump. In just 7 days, the price of crypto fell drastically by 50 percent.
Ethereum Competes with Bitcoin, Cryptocurrency News
There are many digital currencies currently on the market. However, until now Bitcoin is still at the top, it is difficult to compete with bitcoin. Especially when the Covid-19 pandemic is raging around the world. The price of Bitcoin also experienced an increase of about 66 percent from its original price.
However, at the beginning of 2022, there was a lot of news about cryptocurrencies fromcryptocurrency experts. There is a lot of talk that Ethereum will soon replace Bitcoin.
Ethereum itself is the second idol in cryptocurrency with blockchain . Even in 2021, there was a price increase of up to 418 percent. This fact also makes investors believe that Ethereum will soon be able to compete with Bitcoin.
One of the factors that has made Ethereum able to survive until now is the price spike in NFT. Because the majority of NFTs run using blockchain . An update of the Berlin and The Hard fork London also makes the network capacity wider. So that transactions in large quantities can be done at once.