Price Analysis

Ethereum Vs. Bitcoin: Ethereum (ETH) Follows Surge As Bitcoin (BTC) Rises Above $10,500

  • Ethereum trades above $300 paving the way for huge investments.
  • Bitcoin raises the stakes by trading above $10,500; traders now want more.

The world’s topmost currency has again gone bullish way by trading above $10,500, and it has resulted in most of the coins follow the surge. ETH is no behind, and it has also emerged out of the closet by trading above $300. Both coins are heading towards setting new milestones by the end of the year, and the current market performance may continue in the next month as well.

Ethereum-Bitcoin Price Statistics:

As on June 22, 2019, at 11:15:06 UTC, ETH is trading at 307.76 and BTC is trading at $10,943.96. ETH has shown an uptrend of over 12% rising from $274.75 to $307.76 in this week. BTC has also shown an uptrend of over 14% in the last 5 days rising from $9520.81 to its current value. Both ETH and BTC have been able to overcome their respective deadlocks as the weekend approached as ETH moved above $300 and BTC moved over $10,500. The growth of both coins has also been in a similar pattern picking pace after June 21.

Statistics Ethereum (ETH)Bitcoin (BTC)
Price  (USD)307.7610943.96
Price (BTC)0.02872078
Market Capitalization32,774,254,821 USD194,107,330,463 USD
24-hour volume9,944,614,971 USD25,546,348,100 USD
Circulating Supply106,593,869 ETH17,773,175 BTC
Return on Investment>9000%7,979.69%

 ETH has a higher ROI at >9000% than BTC, which is now at $7,979.69%. The circulating supply of ETH is higher than BTC, and the coins have been showing bullish trends together closing the week on a higher note.

Ethereum-Bitcoin Price Prediction:

This week’s performance has reassured investors and traders to keep trading BTC and ETH and investing in higher amounts as long term gains are assured. BTC may cross $15,000 by the end of the year, and this will result in ETH also reaching new benchmarks by trading above $500.

Conclusion:

An investment for the future in both ETH and BTC is a good decision now and will result in heavy returns.

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Mehak Punjabi

Mehak Punjabi is a post graduate in MBA with specialization in Finance and has joined CryptonewsZ with a skill building view in the world of cryptocurrency and blockchain. She is dynamic and a quick learner with a hold on financial analysis.
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