Copy link
Increase text size
Decrease text size
Link copied

Ethereum could continue to outperform Bitcoin and is poised for another bull run

Since Ether breached $3,400 on August 31, ETH continued to soar and, at the time of writing, the crypto traded at $3,762.51 posting a year-to-date return of 410.61 percent.

Image by Miloslav Hamřík from Pixabay

Thu, 02 Sep 2021, 06:21 am UTC

Ether, the native crypto of the Ethereum network, has been outperforming Bitcoin this year. Experts believe that with the growth of the decentralized finance (DeFi), ETH will continue to outperform BTC and might even overtake it in the coming years.

On August 31, Ethereum soared past $3,400 which is a major psychological barrier for the crypto. Since then, ETH continued to soar and, at the time of writing, the crypto traded at $3,762.51 and a year-to-date returns of 410.61 percent, based on Coindesk data.

While Bitcoin’s price also soared higher this year, its gains are relatively more modest compared to Ether’s. At the time of writing, BTC traded at $46,566.42 with YTD returns of 70.49 percent.

However, crypto experts believe that Ether’s momentum is not going to stop anytime soon. In fact, it could rally to a new all-time high once it breaches the last resistance barrier at $4,078, according to FXStreet.

The number of active addresses and transaction volume on the Ethereum network spiked along with the rise in non-fungible token (NFT) activity. In fact, current on-chain activity is at a similar level in April 2021 when the first leg of the bull run started. This could suggest that ETH’s is poised for the second leg of its rally.

With their superior utility, Etherem and other smart contract-enabling blockchains are bound to outperform Bitcoin in the long run, according to Dmitry Mishunin, founder and CEO of smart contract audit firm HashEx.

“The duo of Cardano and Ethereum has the propensity to harbor countless innovative projects,” Mishunin said. “Bitcoin only relies on its capped supply and the first-mover advantage, a trend many investors are beginning to substitute for unique technology that can drive a blockchain-dominated future.”

Another factor at play is the recent burning of around 146,878.7 ETH worth $492.3 million from the crypto’s circulating supply since the latest Ethereum Improvement Proposal (EIP-1559) went live. Crypto experts estimate that the drop in Ether supply is equivalent to two Bitcoin halvings.

“The potential for a more superior Proof-of-Stake infrastructure through the highly anticipated launch of Ethereum 2.0 will also make the blockchain more usable, thus driving the coin’s utility and its price growth,” Jon Ovadia, founder and CEO of crypto exchange Ovex, said.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • braynOtega
  • 2021.09.10 00:42:18
IF You Have Ever Been a Victim OF Bitcoin Scam, INVESTMENT Scam or Any Type Of Scam. With The Right Approach And Evidence That You Were A Victim, It Is Now Possible TO Recover Your Stolen, Scam OR Lost Bitcoin. Thanks To The EVOLUTION Of Bitcoin FORENSICS. Those Behind The scam Want To Sell The Idea That What Happened Was UNFORTUNATELY A "BAD INVESTMENT". When In Reality What Happened Was THEFT VIA an Elaborate Scheme. IF YOU, YOUR Family Or Friends Ever Fall Victim Of This Type Of SCAM, You Should Hire This FINANCIAL RECOVERY Expert by Visiting FÅSTŘËČÕVËŘÝ02 DÕT ČÕMË""", He Was Able To Recover 45,000USD WORTH Of BITCOIN I Lost To FOREX-XCHANGE A Fake and Fraud Website. HE IS THE BEST Out There, Best Part IS AS A GUARANTY That HE Gets The Job Done, HE Does Not Charge A PENNY Until After The JOB IS Done.
  • 0
  • ·
  • 0
  • Johnny02
  • 2021.09.11 04:56:13
He is the best he recovered my funds without an upfront payment, i recommend you reach him FÅSTŘËČÕVËŘÝ02 HÃŤ GMÃÍĹ ČÕMË, there is no one Badder
  • 0
  • ·
  • 0
  • Marronk
  • 2021.09.06 13:42:19
To restore your wallet or recover lost funds from the fake investment company/fraudulent broker or website. please follow the steps below:

1. When you click on the link **Climax Recovery. Com** , tap on the **"livechat"** symbol to the bottom right of your corner of your screen.

2. Now type "name and your complaint"

3. Once you have entered all complaint correctly, tap "submit"


Mail: [email protected]
  • 0
  • ·
  • 0
  • Veband
  • 2021.09.02 22:41:15
I initially invested a total of $1,050,000 over a period of 5 weeks with my broker. My bonus/profit was $8,300,000, every attempt to make withdrawal failed and I was instructed to make another deposit of $250,000 before I can make withdrawals which I did. Up till now, I’m still unable to make withdrawals and all attempt to contact broker has failed. This is very pathetic and I felt so bad losing my investment. I did a due diligence test before investing with them but guess what I ended up getting burned. This is to create awareness, not everybody can be as lucky as I was. I’m saying this because I was able to recover my funds. Thanks to a recovery specialist, they are private investigator and wealth recovery experts…Contact our support team for further assistance:
WhatsApp: 1 9 1 4 8 2 9 1 5 4 1
You Can Also Text Or Call: 1 9 1 4 8 2 9 1 5 4 1
303 Second St., Suite 900 South Tower,
San Francisco, CA 94107
Thank me later.
  • 0
  • ·
  • 0
  • Bitcoin (btc) $41,959.00 (-1.29%)
  • Ethereum (eth) $2,855.81 (-4.27%)
  • Tether (usdt) $0.999241 (-0.15%)
  • Cardano (ada) $2.03 (-2.03%)
  • Binance Coin (bnb) $351.75 (-2.51%)
  • Bitcoin (btc) $41,959.00 (-1.29%)
Jul 15, 2021 (Thursday)
BTC Surges by 1.16% Within 5 Mins, Marking 31,824.01 USDT
BTC Surges by 1.12% Within 5 Mins, Marking 32,104.8 USDT
BTC Drops by 1.03% Within 5 Mins, Marking 32,171.88 USDT
TriumphX Scouts 'MINAMCOMPANY' CEO Woo-Seong Lee As Creative Director
ETH Tops List Of Crypto Net Inflow With $298.96 Mln In Past 10 Hours
Jul 14, 2021 (Wednesday)
BTC Surges by 1.03% Within 5 Mins, Marking 32,738.08 USDT
BTC Surges by 1.01% Within 5 Mins, Marking 31,899 USDT
Crypto Market Sentiment On Jul 14: Market In "Extreme Fear"
ETH Tops List Of Crypto Net Outflow With $224.97 Mln In Past 10 Hours
Jul 13, 2021 (Tuesday)
Crypto Market Sentiment On Jul 13: Market In "Extreme Fear"
ETH Tops List Of Crypto Net Outflow With $178.61 Mln In Past 10 Hours
Jul 12, 2021 (Monday)
Crypto Market Sentiment On Jul 12: Market In "Extreme Fear"
BTC Tops List Of Crypto Net Inflow With $164.82 Mln In Past 10 Hours
Jul 11, 2021 (Sunday)
BTC Surges by 1.02% Within 5 Mins, Marking 34,475.6 USDT
ETH Tops List Of Crypto Net Inflow With $122.76 Mln In Past 18 Hours
Crypto Market Sentiment On Jul 11: Market In "Extreme Fear"
BTC Tops List Of Crypto Net Outflow With $87.56 Mln In Past 10 Hours
Jul 9, 2021 (Friday)
BTC Surges by 1.08% Within 5 Mins, Marking 33,911.8 USDT
Crypto Market Sentiment On Jul 09: Market In "Extreme Fear"
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.