Ethereum is undervalued and will eventually equal Bitcoin in capitalization
Bitcoin surpassed Ethereum in capitalization by 10 times in January. At that time, the amount of commissions generated in the network of the first cryptocurrency twice exceeded the same indicator for Altcoin.
To date, the situation has changed in favor of ETH. Now the excess capitalization of Bitcoin over Ethereum has been reduced to 6.3 times. At the same time, the amount of commissions in the BTC network has decreased in relation to Vitaliy Buterin's coin and is only 80%. However, the Altcoin exchange rate has increased by 37% more since the beginning of the year compared to the main digital asset.
The Ethereum exchange rate overcame the resistance against BTC. It is likely that the coin will continue to rise in price, and most other cryptocurrencies will follow it.
Bitcoin surpassed Ethereum in capitalization by 10 times in January. At that time, the amount of commissions generated in the network of the first cryptocurrency twice exceeded the same indicator for Altcoin.
To date, the situation has changed in favor of ETH. Now the excess capitalization of Bitcoin over Ethereum has been reduced to 6.3 times. At the same time, the amount of commissions in the BTC network has decreased in relation to Vitaliy Buterin's coin and is only 80%. However, the Altcoin exchange rate has increased by 37% more since the beginning of the year compared to the main digital asset.
The Ethereum exchange rate overcame the resistance against BTC. It is likely that the coin will continue to rise in price, and most other cryptocurrencies will follow it.