Due to the fact that has solidified the Narrative of the digital gold around Bitcoin in the Wake of the corona crisis, currently focusing a lot of attention on the number 1 of all Kyptowährungen. But as it looks currently, in the case of Ethereum, the number 2? Surprisingly, it seems that ETH is currently in the wind shadow of BTC, and from there to attack. A look at the Ethereum course revealed, namely that, what is the concentration of attention on BTC’s hiding: the number 2 fails-to-date and in the year 2020, the Performance of BTC. We summarize for you.
Ethereum rate BTC on several levels
Just in the last few days over the extended weekend of the Ethereum was able to gain price Momentum. While there was fundamentally no more accurate statement, the price rose within the last 5 days of around 200 USD to, at times, over 245 USD, which corresponds to an intermediate Performance of about 20%.
According to Coin360 the Ethereum course, to put more precisely in the last 7 days whole 16% and is currently trading at the time of writing of the article, in the case of 233 USD. With these values of ETH can beat his big brother Bitcoin clear lengths. The number 1 of all Krytowährungen could in fact increase over the same period by almost 8%.
Choose the best and safest stock market for you
To decide the right provider is not always easy. Therefore, we recommend that you take a look at our Bitcoin brokers & exchanges to throw a comparison. Trading on the safest and best exchanges in the world! For Comparison
But that’s not enough. Also on longer time periods considered Ethereum BTC runs at the moment the rank. While BTC increased in the last 30 days by 7%, could ETH expected to grow by 10%.
The same picture since the beginning of the year. As the image below shows, the YTD Performance of Ethereum a whopping +78% (!). Profit from Bitcoin with +31%, also see, however, is significantly behind the ETH.
New record in volume for ETH options
To match the Momentum that could win Ethereum at the weekend and the prospect of rate increase in range provided, could also be elsewhere, a new record. What is meant is the Trading volume for options on the Crypto-exchange Deribit.
As the Crypto-analysis of the company Skew reported, amounted to the volume on Saturday, nearly 20 million USD. For comparison, the normal value is usually 9 times lower.
New record for ether-options volume on Deribit: $20mln notional traded yesterday pic.twitter.com/w6oSMuT8wO
— skew (@skewdotcom) May 31, 2020
If you are convinced by the Performance of Ethereum in comparison to Bitcoin in the year 2020, you’re of the opinion that the will continue this year still continue, and you made your own in-depth Research, make sure it is the correct selection of the Exchange or the broker. Your money and your Coins are only as safe as the Partner you trust in. According to our own Tests, we can recommend you and others because of the ease of use eToro as a focal point. In addition, you can set here not only rising, but also falling prices and so benefit from any market circumstances. Before, we promise you too much, click on the Button and see for you self!
75 % of private CFD accounts lose money. No EU investor protection.
(Image Source: Shutterstock)
The comments in this article do not represent any trading recommendations or investment advice.