Price Analysis

Ethereum Vs Bitcoin Price Analysis: Ethereum And Bitcoin Seems To Be Twinning Throughout Week

  • Ethereum-Bitcoin’s surging partnership may continue in the coming weeks
  • ETH gives 90-days high and BTC gives its 52-weeks high value in June 2019

The currency holders of Ethereum and Bitcoin are having the best time of their lives in the last week of this month as both coins surged higher to a record-breaking trend of the year. The current market statistics may indicate a slow trend now, but bullish trends are just around the corner for both ETH and BTC so investors should sit back and wait patiently.

Ethereum-Bitcoin Price Statistics:

Ethereum has typically followed Bitcoin’s footsteps throughout the week and surged with it to cross $360 mark. But the coin has also slowed down as Bitcoin started trading below $11,000. Within a day, ETH has shown a downtrend of over 6% dropping from $327.49 to its current value of $305.30 as on June 28, 2019, at 09:28:16 UTC. Similarly, BTC has also shown a downtrend of 5.76% since yesterday dropping from $12,524.32 to its current value of $11,802.

Ethereum vs Bitcoin price chart - june 28

Statistics Ethereum (ETH)Bitcoin (BTC)
Price  (USD)305.3011,802
Price (BTC)0.02623222
Market Capitalization32,641,618,645210,511,736,026
24h volume13,788,550,96739,665,040,160
Circulating Supply106,674,830 ETH17,785,187 BTC
Return on Investment>9000%8,686.82%

Both ETH and BTC are expected to pick up the pace again over the weekend and rise in the value. This has been a tremendous week for BTC and ETH holders, and the surging trends may continue in the coming days. There has been a huge difference between the market cap, 24 h volume, and circulating supply of both coins and Ethereum holds a better circulating supply than BTC.

Ethereum-Bitcoin Price Prediction:

While Ethereum will be targeting to cross $500 mark by the end of the year, BTC needs to move past $15,000 value, and both coins have to continue to trade at a higher price of longer durations. Both coins have the potential to give a record high value this year, and while BTC may start trading around $15,000 to $20,000, ETH may also trade beyond $500.

Conclusion:

There are huge benefits to the ones who possess ETH and BTC, and the situation is only going to get better in the coming months, and hence this is the right time for long-term investments.

Tags

Ruti Vora

Ruti regularly contributes in-depth news articles for leading cryptocurrencies. She contributes technical chart-based price updates and analysis pieces on world's leading digital currencies. She holds graduate degree in journalism.

Related Articles

Back to top button
Close