Price Analysis

Ethereum Vs. Bitcoin Price Analysis: Ethereum (ETH) to Follow the Rising Footsteps of Bitcoin (BTC) Soon

eToro
  • BTC crossing $9,000 mark increases anticipation for ETH to cross $300 soon
  • Ethereum may have been slow on growth curve till date, but it is quickly picking up the pace

Ethereum has come a long way and recorded considerable growth in the year 2019. Similarly, Bitcoin has also proliferated since the beginning of the year, and now that it has increased its mainstream adoption, good days are not far away. The rising trend will result in overall market surge for both ETH and BTC and ETH may close the day on a high note trading between $270 and $280. In the coming days, the current market performance of the coin will further improve by leaps & bounds.

Ethereum – Bitcoin Price Statistics:

As shown in the graph below recorded on June 17, 2019, at 06:17:48 UTC, the values of both ETH and BTC tokens have increased in the past one month. While ETH has shown an uptrend of 14.79% rising from $233.82 to $268.41, BTC has shown a surge of over 23% rising from $7400.07 to $9,158.67. ETH peaked as high as $287 within the same period while BTC reached over $9,335.

ETH-BTC Price Chart - 17 June

Statistics Ethereum (ETH) Bitcoin (BTC)
Price  (USD) 268.47 9,158.67
Price (BTC) 0.02930127
Market Capitalization 28,598,673,968 162,958,515,288
24h volume 9,575,730,376 22,350,523,194
Circulating Supply 106,523,206 ETH 17,763,400 BTC
Return on Investment >9000% 6,676.40%

Both ETH and BTC have recorded a similar growth pattern in the last 30 days, and although ETH may have lagged behind a bit in showing a bullish trend, the coin has maintained consistent upward surge almost throughout the month.

Ethereum-Bitcoin Price Prediction:

ETH may cross $300 by the end of the month while BTC holders may have to wait another month for the coin to cross $10,000 target. By the end of 2019, ETH may be trading at $500, and BTC may cross $12,000 mark. The currencies secure top positions in the global ranking and have been an inspiration for many altcoins, which used a similar principle to launch and flourish in the market.

Conclusion:

An investment in both ETH and BTC is suitable for long term gains.

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