For the last couple of months, the idea of Ethereum will take over Bitcoin as the biggest crypto on this planet was constantly debated on every blog and facebook page. Will the Ethereum fans and investors be right once again?
As you can see today's numbers, ETH already have $31 billion in market cap. Not sure if you are aware of that ETH had less than $1 billion in market cap at the beginning of this year. That is an amazingly 3100% increase in 5 months. At this point ETH is just $16 billion away from catching up to BTC.
Let's look at the last 24 hours of volume traded between BTC and ETH; $1.965 billions vs 1.943 billions respectively. That is pretty much a tie between the two crypto giants! So at this point, the question isn't "IF" Ethereum will catch Bitcoin? The questions should be "WHEN WILL".....
It's amazing to see ETH surpass $300 so fast coming from being traded at around $10 just 5 months ago. Some haters continue to cry this is a bubble and the price of ETH will crash and burn any time soon. While the ETH investors and beliethers are fatten up their Ethereum wallet by the hour.
Which camp are you in? Where do you think Ethereum will go from here? Leave a comment and let us know!
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UPDATE
Just two hours after I post this, ETH already beat Bitcoin in volume traded in 24 hours..Let's go ETH!
Jia H
