Ethereum

Stronger

Bitcoin

<figure>
 <figcaption>
  Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
<p dir="ltr"><a href="https://u.today/gensler-provides-crucial-update-on-ethereum-etf-approval-process" rel="noopener noreferrer nofollow">Ethereum's</a> price performance certainly raises some serious questions, as the second-biggest cryptocurrency on the market is clearly losing momentum and is unlikely to gain enough traction for a bounce right now. But fundamentally, it has at least five reasons to recover sooner than expected.</p>
<h2 dir="ltr" id="mt-gox-does-not-have-any-eth">Mt. Gox does not have any ETH</h2>
<p dir="ltr">The imminent risk of a massive sell-off from Mt. Gox is one of the major factors weighing on Bitcoin. The trustee of the defunct exchange is scheduled to return a sizable portion of Bitcoin to creditors, which may intensify selling pressure. Due to this, <a href="https://u.today/ethereum-eth-price-prediction-for-june-25" rel="noopener noreferrer nofollow">Ethereum</a> has a clear advantage over BTC, which might enter the market and lower its price.</p> <img alt="ETHUSD" data-entity-type="file" data-entity-uuid="0810358d-92c1-4584-ba2b-98169b214bdd" src="https://u.today/sites/default/files/inline-images/image_936.png"><a href="https://www.tradingview.com/" rel="noopener noreferrer nofollow">ETH/USD Chart by TradingView</a>
<h2 dir="ltr" id="german-government-not-selling-ethereum">German government not selling Ethereum</h2>
<p dir="ltr">Selling pressure on the market has been exacerbated by reports that the German government has been selling off the Bitcoin that has been seized. The recent difficulties of Bitcoin are partly attributable to this action.</p>
<h2 dir="ltr" id="on-ethereum-there-is-no-miner-sell-pressure">On Ethereum, there is no miner sell pressure</h2>
<p dir="ltr">Since the release of <a href="https://u.today/ethereum-etf-approval-may-be-imminent-as-vaneck-steps-up" rel="noopener noreferrer nofollow">Ethereum</a> 2.0, the proof-of-stake (PoS) consensus mechanism has replaced the proof-of-work (PoW) method. That implies that miners for Ethereum will no longer have to sell a lot of ETH in order to pay for their overhead. Nevertheless, in order to cover their costs for things like electricity, Bitcoin miners must constantly sell their Bitcoin.</p>
<h2 dir="ltr" id="eth-will-also-get-an-etf">ETH will also get an ETF</h2>
<p dir="ltr">Ethereum, though not officially confirmed yet, is headed toward becoming its own exchange-traded fund, much like Bitcoin. Institutional investors could be exposed to Ethereum through an exchange-traded fund without having to physically hold the asset, which could raise demand.&nbsp;&nbsp;</p>
<h2 dir="ltr" id="greater-supply-shock-on-eth">Greater supply shock on ETH</h2>
<p dir="ltr">The introduction of a burning mechanism for transaction fees through EIP-1559 has resulted in a significant reduction in the supply of Ethereum. A supply shock could occur for the asset as a result of this mechanism, which lowers the total supply of ETH.</p>

5 Reasons Why Ethereum (ETH) Is Much Stronger Than Bitcoin (BTC) Right Now

Mục lục

U_Today

Các bài viết khác được xuất bản trên 26 thg 6, 2024

Parabolic BTC Surge Imminent as Bitcoin Enters the Dramatic Banana Zone, New ATH Soon?

NFT Sales Plummet 45% in Q2 2024 Amid Ongoing Market Decline

Galaxy Unpacked Set for Paris Debut, Focusing on AI and Z Series

Celebrity Memecoin Projects Influence the Latest Crypto Trend

Bitgert: The Future of Blockchain Technology

Toncoin Price Analysis: USDT Circulation Boosts TON’s Bullish Outlook For New High

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!