ETH/BTC pair has gained 9.50% since the beginning of May, what does Etherereum’s superiority over Bitcoin mean?
Ethereum parties have been challenging Bitcoin for about a month now. ETH/BTC, which came in from 0.063 to 0.0699, showed a huge increase on behalf of the crypto industry, although it is seen as little in value. The pioneer of altcoins, which caught great excitement as it approached the Shapella update, reflected this event on the technical side. Contacting its peak price after 10 months, ETH continues its superiority over BTC day by day.
Ethereum Overtaking Bitcoin, What Signs Could It Be?
We see that the crypto investor, who has increased the amount of ETH as Shapella is approached, actually continues to have ETH in their wallets, even though the update is over. With the end of the update, the absence of a sales wave was one of the main factors that kept the ETH price stable. In addition, the fact that the ETH Stake event is increasing day by day has increased the interest in Ethereum.
Such a dominance of ETH shows the crypto investor’s belief in altcoins. In addition, investors in general state that even if Bitcoin falls, ETH will be less affected by this situation. The continuous increase in stake amounts indicates that the investor has not left the ecosystem and even new investors are included in the ecosystem.
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