Likely the greatest advantage Bitcoin has over Ethereum is its simplicity. Bitcoin's value proposition is clear and easy to understand: it is a highly decentralized and secure digital store of value that provides holders with reliability.
Ethereum clearly has a more diversified blockchain ecosystem than Bitcoin and offers a whole range of products and offerings -- such as NFTs, blockchain gaming, metaverse worlds, and decentralized finance (DeFi) -- that Bitcoin simply can't match.
While Ethereum-based transactions tend to be far faster than Bitcoin transactions, there's a steep cost that comes with that convenience, known as gas fees. These gas fees, which compensate participants for validating transactions, can be outrageous, especially for smaller transactions.
The Bitcoin price should very likely be able to reach this value in the next bull market. Theoretically, there is nothing standing in the way of an Ethereum price of $100,000 in the coming bull markets. If the Ethereum price ever reaches the $100,000 mark, this should probably not be the case for at least 10 years.
However, experts believe that due to its unique blockchain and several use cases, Ethereum has a stable future and might even perform better than Bitcoin in future but is unlikely to overtake the price of Bitcoin.
However, there are necessary conditions for Ethereum to reach a value of $10,000. One crucial factor would be the continued restoration of investors' trust in the crypto market, which needs to be widespread to establish a conducive atmosphere for Ethereum's substantial and sustained growth.
Ethereum could reach $20,000 by 2025 according to a Finder's panel. Ethereum has since been gaining momentum, starting out at $1,000 at the beginning of the year and reaching an all time high of $4,196.63, according to Coin Metrics.
This price is expected to rise in the on-coming year (2022), with quite a few experts in finance and cryptocurrency believing that ether will overtake bitcoin. Here are a few reasons as to why people believe that Ethereum will overtake bitcoin in the coming future.
Ethereum leverages blockchain technology for its decentralized, transparent system. The technology enables functionality beyond digital currency, such as decentralized applications and smart contracts. The developer community is one of the largest. The Ethereum platform processes transactions faster than Bitcoin.
Many experts believe Ethereum is in for a bright 2023, with the possibility of hitting $2,000 by year end, at the latest. This makes it a solid buy for investors. But, if you're looking for even bigger gains, take a hard look at three crypto projects still in presale – Fight Out, C+Charge and RobotEra.
Basic Info. Ethereum Supply is at a current level of 120.21M, down from 120.21M yesterday and up from 119.37M one year ago. This is a change of -0.00% from yesterday and 0.70% from one year ago.
As of April 1, 2023, Bitcoin has a market cap of over $545 billion, while Ethereum's market cap is just under $220 billion. Essentially what this means is that Bitcoin is currently a more established asset than Ethereum and makes up a disproportionate amount of value in the entire crypto asset class.
For 2022-3 in general, we think recession risks pose a risk to ETH and so now might not be the best time to buy ethereum if you have a medium-term outlook. We think ethereum is a good long-term investment for the next one to three years and are bullish overall. That means we expect prices to rise in the long term.
A recent report from CoinDesk, the average price prediction for Bitcoin in 2050 is $511,000. That would represent a more than 2,500% increase from the current price of around $19,000.
However, regardless of ETH becoming the number one crypto, a report by VanEck said that the token could reach $50,000 in 2030. In the first six months of 2023, ETH has risen by around 45%, which is quite impressive.
As might be expected, Bitcoin (BTC 0.19%) is a favorite choice of billionaires looking to extend their wealth into new asset classes such as crypto. Lately, Ethereum (ETH 0.03%) has been attracting its own share of billionaire supporters. And don't forget about meme coins.
The $1,000 investment in Ethereum at launch would be worth $2,579,200.12 today based on a price of $1,908.61 at the time of writing. At its all-time high of $4,815 set in November 2021, the $1,000 investment in Ethereum at the time of launch would have been worth $6,506,750.25.
The long-term potential for Ethereum and other cryptocurrencies to disrupt economic systems is high, pointing to long-term price targets far beyond $5,000. However, the short-term future is uncertain and it could take a long time to triple Ethereum's price.
It's important to note here that Ethereum losing the entirety of its value is highly unlikely, and the same goes for other popular coins like Bitcoin. We've seen many smaller coins drop to zero, especially those with a very short history in the market.
“We see potential for Bitcoin (BTC) to reach the USD 100,000 level by end-2024, as we believe the much-touted 'crypto winter' is finally over,” Kendrick said in the report, titled “Bitcoin — Pathway to the USD 100,000 level.”
At the very top of the ChatGPT's list of cryptos that will explode in 2023 is AiDoge ($AI), a crypto that breaks all records when it comes to its presale.