Cryptocurrency Although the market has fluctuated over the years, it has managed to achieve a permanent growth until today. Since the past, the majority of investors have not stopped comparing crypto’s ancestor Bitcoin with its biggest rival Ethereum.
While some of the investors defended BTC due to the limited supply of crypto assets, the other side praised Ethereum for having advanced technology and earning more.
Ethereum Although the earnings of the lovers have historically been higher, according to current data, Ethereum’s bitcoin The correlation ratio increases with the passage of time.
According to market data ETH with BTC The similarity of price movement between the two countries was around 35% in 2016 and 2017. While the correlation rate was recorded as 66% and 77% in 2018 and 2019, respectively, this figure has reached 98% today.
To simplify the situation even more, we can say that as of today, Bitcoin and Ethereum prices are moving almost exactly.
Although the last few days have said otherwise, the research covers a general time period.
“Mainstream Investors Do Not discriminate”
An industry expert explains that the price behavior of two competing digital assets is becoming increasingly similar. “Investor Diversity” explained.
Sam Doctor, BitOoda’s chief strategy officer, commented that in the past only fanatics were interested in cryptocurrencies:
“The general profile of cryptocurrency investors consisted of minus BTC and ETH maximalists. Institutions and mainstream investors who invest in crypto as the market grows are not very interested in these issues.”
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