Ethereum 5th Year Anniversary but Price Against Bitcoin still a Mystery

News • 2020/07/29 • by Remitano

The second-largest crypto project ETH marks its fifth year of existence. However, ETH price against the leading cryptocurrency is a big question.

Investors have benefitted from the rise of ETH since its existence, however, comparing the coin to BTC, it hasn't met expectations and has been underperforming.

As Ethereum clocks five, ethers share was about 3.1% of Bitcoin price, but the figure hit a peak of about 11% at the beginning of the year.

Since the price dump after the bull run in 2017, ETH has lost the battle in matching with bitcoin and failed to compete as expected.

Even with the transformation of ETH to ETH 2.0, investors have only recently seen little rewards in ETH/USD. However, in the past weeks, the ETH/BTC curve as slightly deviated from the norm and has experienced significant improvement.

Source: Cointelegraph

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