Ethereum May Offer Greater Financial Gains Than Bitcoin
Ethereum – According to data provided by macroeconomist Alex Kruger, Bitcoin has long since become a macro asset, and cryptocurrency traders can use it to trade Ethereum, which moves more volatilely in line with BTC.
Kruger published a chart that depicts the movement of the Nasdaq index relative to ETHBTC in order to demonstrate and explain his theory. The two assets have been moving “hand in hand,” as the chart illustrates.
The analyst adds that Ethereum has a high beta compared to BTC, meaning that it moves on the market similarly to BTC but with more volatility. It is better to have exposure to ETH than BTC during bull runs because the former displays higher returns than the virtual currency.
Bitcoin and Ethereum have lost about 65% of their value since November
Naturally, high volatility increases the risks that investors must bear, particularly when the market has a downturn. However, although exhibiting greater volatility over a shorter period of time, a comparison of the two assets reveals that both Bitcoin and Ethereum have lost about 65% of their value since November.
The performance of the two assets since the middle of July may be compared, and we can see that Ethereum performed better, increasing its value by more than 60% in the most recent weeks, while Bitcoin is only mildly consolidating with a 25% price increase.
Because Ethereum is performing significantly better than Bitcoin, with the ETH/BTC pair showing a 145% rise in the last several weeks, this specific bear market is giving cryptocurrency traders something they have not yet seen. The impending release of a fundamental Merge update is most likely the primary driver of a short-term surge on the second-largest cryptocurrency on the market.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Annie
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Ethereum
Ethereum May Offer Greater Financial Gains Than Bitcoin
Ethereum – According to data provided by macroeconomist Alex Kruger, Bitcoin has long since become a macro asset, and cryptocurrency traders can use it to trade Ethereum, which moves more volatilely in line with BTC.
Kruger published a chart that depicts the movement of the Nasdaq index relative to ETHBTC in order to demonstrate and explain his theory. The two assets have been moving “hand in hand,” as the chart illustrates.
The analyst adds that Ethereum has a high beta compared to BTC, meaning that it moves on the market similarly to BTC but with more volatility. It is better to have exposure to ETH than BTC during bull runs because the former displays higher returns than the virtual currency.
Bitcoin and Ethereum have lost about 65% of their value since November
Naturally, high volatility increases the risks that investors must bear, particularly when the market has a downturn. However, although exhibiting greater volatility over a shorter period of time, a comparison of the two assets reveals that both Bitcoin and Ethereum have lost about 65% of their value since November.
The performance of the two assets since the middle of July may be compared, and we can see that Ethereum performed better, increasing its value by more than 60% in the most recent weeks, while Bitcoin is only mildly consolidating with a 25% price increase.
Because Ethereum is performing significantly better than Bitcoin, with the ETH/BTC pair showing a 145% rise in the last several weeks, this specific bear market is giving cryptocurrency traders something they have not yet seen. The impending release of a fundamental Merge update is most likely the primary driver of a short-term surge on the second-largest cryptocurrency on the market.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Annie
CoinCu News
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