Ethereum

Cardano

Better

Bitcoin

Dogecoin

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 <p>Bitcoin [BTC] and Ethereum [ETH] have remained unrivaled in terms of their standing. Nevertheless, there has been a major shift in a lot of aspects. Data provided by IntoTheBlock indicated that Ethereum currently has 73.9 million long-term holders. However, Bitcoin has 33.6 million HODLers, showcasing a disparity of over 40 million between the two assets.</p> 
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 <p>While both digital currencies encountered an expansion in this regard when examining year-over-year information, Ethereum once again outperformed with a significant surge of 44.2%, in contrast to Bitcoin’s modest growth of 17%. The foremost position for achieving the highest percentage increase was claimed by Cardano [ADA], as it observed a remarkable upsurge of 170% in its long-term holders over the past year. Following suit, Litecoin [LTC] also exhibited a notable increase of 100%. Dogecoin [DOGE], the OG meme coin and one of the earliest <a rel="dofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currencies, encountered a 26% rise. Currently, it entails 3.4 million long-term holders.</p> 
 <h4 class="wp-block-heading" id="h-ethereum-vs-bitcoin">Ethereum vs. Bitcoin </h4> 
 <p>There are multiple factors behind Ethereum’s overtaking of Bitcoin. Firstly, the <a rel="dofollow" title="ETH" href="https://thebittimes.com/tag/eth.html">ETH</a> network has continuously evolved since its inception. Ethereum’s journey began with the intention of establishing itself as a programmable network. Notably, significant transformation was introduced through events like The Merge, which brought about substantial changes across the network. Conversely, Bitcoin has retained its role as a peer-to-peer payment network and a store of value for its stakeholders.</p> 
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 <p>Ethereum’s supremacy in the realm of decentralized finance [DeFi] stands unchallenged. The restricted capabilities of Bitcoin undeniably provide Ethereum with an advantage. The <a rel="dofollow" title="ETH" href="https://thebittimes.com/tag/eth.html">ETH</a> network extends its functionality beyond merely serving as a digital currency. It encompasses <a rel="dofollow" title="Category Features" href="https://thebittimes.com/features.html">Features</a> like decentralized applications and intelligent contracts.</p> 
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 <p>Despite a significant drop in the amount of value that Ethereum has secured within the DeFi sector, it continues to maintain a lead over Bitcoin. Among the $38 billion that is locked within the DeFi landscape, Ethereum holds a substantial share of $22.31 billion. In comparison, Bitcoin has a relatively modest amount of $162.6 million locked within this domain.</p> 
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 <p><strong>Also Read: Ethereum Is Becoming ‘Cheaper’ Amidst Rising L2 Transactions</strong></p> 
 <h4 class="wp-block-heading" id="h-price-and-profitability">Price and profitability</h4> 
 <p>Regarding price, Bitcoin has unquestionably outperformed as it predates the introduction of <a rel="dofollow" title="ETH" href="https://thebittimes.com/tag/eth.html">ETH</a>. Bitcoin’s price and market cap have remained unmatched for the longest time.</p> 
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 <p>The second-largest crypto has witnessed a remarkable increase of 61,363.72% over its complete timeline. In contrast, BTC has achieved an even more extraordinary overall growth of 44.22 million. Similarly, a greater percentage of Bitcoin holders are in a profitable position when compared with Ethereum. Information from IntoTheBlock indicated that approximately 63% of BTC holders are currently in profit, while only 56% of ETH holders are experiencing gains at the present value of the asset. In spite of Bitcoin’s performance, Ethereum has succeeded in attracting a larger number of long-term holders. This also suggested that the market’s dynamics extend beyond valuation.</p> 
 <p><strong>Also Read: Is Ethereum Better than Bitcoin?</strong></p> 
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<div class="cs-entry__tags">
 <ul>
  <li>bitcoin</li>
  <li>btc</li>
  <li>crypto</li>
  <li>cryptocurrency</li>
  <li>ETH</li>
  <li>ethereum</li>
 </ul>
</div> 
<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/ethereum-registers-more-long-term-holders-than-bitcoin-in-2023-tbt61052.html">https://thebittimes.com/ethereum-registers-more-long-term-holders-than-bitcoin-in-2023-tbt61052.html</a></p>

Ethereum Registers More Long-term Holders Than Bitcoin in 2023

TheBitTimes

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