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Home Cryptocurrency

Ethereum Outperforms Bitcoin with 400% YTD In 2021

Rate Captain by Rate Captain
December 30, 2021
in Cryptocurrency, Economics, News
Reading Time: 2 mins read
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Ethereum has been on a streak when it comes to outperforming rive Bitcoin.  Despite being 7 years younger than its predecessor, the altcoin has seen  much success in the market that has driven its returns on investment higher  than that of bitcoin.

This has been the case since ethereum came into the mainstream and has  continued through to the end of 2021 with triple-digit outperformance.

2021 was the year that a lot of cryptocurrencies in the market hit new all-time  highs. Bitcoin and ethereum investors also benefitted greatly from these rallies  that saw each digital asset grow at least 100% at some point in the year.  Ethereum however has had way more success compared to bitcoin when  measured by the performance of both digital assets for the year.

The altcoin saw a multi-year range breakout on the ETHBTC pair which made  its mark as one of the prevailing trends of the year. Going on a year-to-year  basis, ethereum rose almost 500% this year. Compared to this, bitcoin had  increased at a rate of about 95% in the same time period.

For both digital assets, this marks the widest gap in performance for five  years, going as far back as 2015 when ETH was first launched. Since then,  ETH has proven to be a force to be reckoned with in the crypto market and its  consistent outperformance has been a major factor behind its adoption by  investors.

However, despite its performance in comparison to bitcoin, it remains far  behind when it comes to market cap. Presently, bitcoin boasts a market cap of  about $1 trillion, while ETH’s market cap still sits around $490 billion. Bitcoin is up 62% in 2021 whereas the second largest cryptocurrency, Ether  has surged more than 403% during the said period.

Ethereum network’s token, has outperformed Bitcoin as a result of financial  technology companies adopting blockchain technology, as well as the  popularity of non-fungible tokens (NFTs) in the art and gaming worlds.

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