For those who are into Crypto, you will likely notice the less co-relation between ETH vs BTC recently. Let’s look at the price trend of ETH and BTC chart carefully.
Chart source: Tradingview YTD Chart
Look at the charts (YTD, 6M) above carefully, what did you observe? Did you notice something very interesting? Although BTC and ETH are both down YTD, but ETH rebound is getting stronger as compared to BTC?
Let’s put this into table format to see it better.
ETH vs BTC – Reasons for the recent price trends
Did you notice the pattern above? Both ETH and BTH are down, but ETH are slowly going up more in percentage as compared to BTC? Why so bullish about ETH instead of BTC? There are few reason(s) which I can think of.
Reason 1: Usefulness
Both are coined as “Queen” and “King” of Cryptocurrency. Bitcoin is generally known as a store of value...