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Price Analysis

Ethereum vs Bitcoin Price Analysis: Ethereum Can Be A Hedge Against Bitcoin’s Volatility In The Long-term

  • Ethereum (ETH) seems more stable than Bitcoin (BTC) on the long-term.
  • The price variations of both the coins are on a similar note in the last month.

In the last few days, Bitcoin (BTC) has become one of the most sought after crypto coins. It is even now considered more valuable than many conventional financial instruments. The king of all coins, Bitcoin is now hovering around 10,700 USD. But one of the most stable and promising coins, Ethereum (ETH) should not be missed from the topic of growing coins. Ethereum as the second largest coin has also moved decently in the last one month and Ethereum’s movement seems more stable than any other coins. Here is an analysis of the price movement of both the coins in the last one month. Let us first analyze the current details of the coins.

Bitcoin – Ethereum Price Statistics-

24th June 08:37 UTCBitcoin (BTC)Ethereum (ETH)
Rank1st2nd
ROI (Return on Investment)7,877.45%> 9000%
Coin Circulation17,777,100 BTC106,619,900 ETH
Market Cap191,727,690,176 USD32,795,705,019 USD
Value in USD10,839.65 USD306.82 USD
All-Time High20,089 USD1,432.88 USD
24h Volume20,504,029,847 USD8,069,630,430 USD

Bitcoin – Ethereum Price Comparison-

Ethereum vs Bitcoin price chart - june 24

The first hike in the last month happened on 26th May for both the coins. Bitcoin got a hike of 12.43% over 15 hours, whereas Ethereum got increased by 9.56% over 13 hours and 30 minutes. It was followed by a shortfall on 30th May. This fall was 8.41% for Bitcoin, which happened in 12 hours and 30 minutes. For Ethereum it was a whopping 15.39% fall that happened over just 5 hours and 30 minutes.

There was another fall which started on 2nd June for both the coins. Bitcoin lost 15.21% over two days, whereas Ethereum decreased by 13.10% over almost two days. Since then, the coin behaved with stability barring few exceptions. The final and latest hike for Bitcoin was started on 16th June and lasted till 22nd June. It gave Bitcoin a hike of 23.30%. On the other hand, Ethereum was hiked by 19.63% over three days and 15 hours starting from 18th June.

Bitcoin – Ethereum Prediction-

Both these coins have a decent bullish medium-term outlook. Bitcoin may go into a price correction phase sooner or later. By the end of this year, Bitcoin’s price may be around 15,000 USD, whereas the value of each Ethereum coin is likely to be around 500 USD.

Conclusion-

Both the coins have a promising future. For the long-term, these coins have huge potential. We advise the potential investors to invest in Bitcoin less than their investment on Ethereum. Because Ethereum has all the essential qualities to work as a hedge again Bitcoin’s sudden price variations.

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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.

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