Ethereum Vs Bitcoin, Which To Buy?

It’s A Bull Market, Especially For Ethereum

Bull run is upon us and any crypto investor can feel it in the air. Bitcoin has seen the cryptocurrency make a new all-time high, but since retrace to near $60,000. Ether, on the other hand, hasn’t quite broken through the ATH it made back in May when it reached $4,178. With that said, I believe there are a few factors that lead me to believe that Ether will outperform Bitcoin in the next few months, and even more so long term, to the point that one day Ether’s market cap will surpass that of Bitcoin.

Photo by Bermix Studio on Unsplash

This Happened Twice Before. The Halvening

Q4 of the year after the halving event is the most exciting part of the four-year cycle. Bitcoin broke its previous all-time high in October during the 2013, 2017, and 2021 bull runs. Similar to the current cycle, 2013 witnessed a large summer consolidation. Bitcoin posted the largest gain in it’s short history in November 2013 of 400% gain. The likely hood that Bitcoin will post a 400% return next month is quite low since its market cap has 10x from 2013. However, historically speaking, an October all-time high after a summer consolidation in Q4 post-halving has a recipe for massive gains.

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Borkie

Borkie

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twitter.com/borkiewrld — Sharing my views and hoping you can benefit from them. CryptoPunks Hodler NFTs, Crypto & Defi