The whole crypto market has been shaken after the unprecedented enormous growth Bitcoin has shown in the market in recent times. But the growth is not just limited to Bitcoin. Many altcoins have also shown strength in this same period. The second largest coin, Ethereum, has shown the most similar growth to Bitcoin’s growth. Here is an analysis of the growth pattern of both the coins in the last week. Let us look at the current details of the coin first.
Bitcoin – Ethereum Price Statistics-
|27th June 08:37 UTC||Bitcoin (BTC)||Ethereum (ETH)|
|ROI (Return on Investment)||8,458.19%||> 9000%|
|Coin Circulation||17,783,300 BTC||106,661,463 ETH|
|Market Cap||204,777,105,176 USD||32,434,513,192 USD|
|Value in USD||11,651.20 USD||305.78 USD|
|All-Time High||20,089 USD||1,432.88 USD|
|24h Volume||42,206,472,574 USD||15,350,698,971 USD|
Bitcoin – Ethereum Price Comparison-
The last week has been very crucial for both Bitcoin and Ethereum. Both the coins have got extreme increments in this period. Between 20th June and 22nd June, Bitcoin has got a hike of 17.25%. Ethereum in a similar time frame was hiked by 17.43%. Both the coins faced a dip on 23rd June for almost 4 hours. Bitcoin lost 5.03% in these 4 hours, and Ethereum lost 6.54%.
The latest growth happened between 25th June and 26th June. Bitcoin added 23.67% in this period, and Ethereum gained 57.42%. This was followed by a small dip of 1 hour. In this small dip, Bitcoin lost 14.71%, whereas Ethereum lost 11.50%.
Bitcoin – Ethereum Price Prediction-
Both the coins have a very bullish outlook for the near future. Bitcoin is likely to cross 15,000 USD in a few months from now and will be trading around 20,000 US; Ethereum is likely to go beyond 500 USD. Both the coins are likely to show multiple sudden price changes in the coming days.
Though there is a similarity of growth pattern between the two top coins, it is unlikely that it will remain the same in future as well. Bitcoin is more volatile than Ethereum. Ethereum has no major fundamentals to support its growth except Bitcoin’s impact on the market.