If Bitcoin is the biggest crypto yet, is Ethereum ever going to overtake it?
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Ethereum overtaking Bitcoin is possible but not guaranteed. Bitcoin is still the most dominant because it’s seen as digital gold and has the highest market cap, but Ethereum plays a different game—it’s the backbone for DeFi, NFTs, and smart contracts. In 2021, ETH’s price jumped from around $700 inRead more
Ethereum overtaking Bitcoin is possible but not guaranteed. Bitcoin is still the most dominant because it’s seen as digital gold and has the highest market cap, but Ethereum plays a different game—it’s the backbone for DeFi, NFTs, and smart contracts. In 2021, ETH’s price jumped from around $700 in January to over $4,000 by May largely because of DeFi projects like Uniswap and lending platforms like Aave running on its network. The “Merge” to proof-of-stake cut its energy use by over 99%, making it more scalable for the future. If mass adoption of decentralized applications grows faster than Bitcoin’s store-of-value use, ETH could close the gap. Still, BTC’s brand, security, and limited supply give it an edge that’s hard to beat.
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