ETHEREUM BEATS BITCOIN FOR VOLUME TRADING GROWTH
Current date by Coinbase additionally discovered that buying and selling volumes for Ethereum reached $1.4trillion within the first half of 2021 – a rise of 1,461% in comparison with the identical interval in 2020.
Compared, $2.1trillion price of Bitcoin was traded – a decrease enhance of 489%.
Mr Peters mentioned: “It’s the primary time Ethereum has overwhelmed Bitcoin for buying and selling quantity development in a sustained interval.
“On the similar level of their life cycles – six years in, Bitcoin had a market cap of round $5billion, whereas Ethereum has a present market cap of $300billion.
“So, you could possibly argue that Ethereum is rising at a a lot sooner tempo.
“That being mentioned, with an almost $37,000 worth distinction, it nonetheless has a protracted approach to go to catch up.”