The second most popular crypto, Ethereum, remains behind Bitcoin, in terms of its performance. Since the Ethereum September 2022 Merge update, the pair ETH/BTC has been trading below 0.04, the lowest level since April, 2021. This reflects a 53% loss.
Binance shows that the ETH/BTC rate has fallen below 0.04, hitting a new low since April 20, 2021, temporarily reported at 0.03985. The rate reached a historical high of 0.1238 in January 2018 and a historical low of 0.01615 in September 2019. https://t.co/8hGTwydjmM pic.twitter.com/Yaq6NkP5BS
— Wu Blockchain (@WuBlockchain) September 16, 2024
Ether, which directly competes with Bitcoin, has always been considered the most probable candidate to become the world’s largest cryptocurrency market value.
At the height of the initial coin offering (ICO) frenzy in mid-2017, such a theoretical scenario was almost about to come to pass. Ether was on the verge of surpassing Bitcoin as the most valuable cryptocurrency in terms of m
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