Just a few days ago, the Ethereum price touched an all-time high at $1,475 but then the price got rejected and dropped to a low of $1,207 on January 27. At the time of writing this, the ETH price is sitting at $1645.13 and in the last 7 days, its price has increased by almost 31%. On the other hand, the Bitcoin price is sitting at $37,515 and it has increased by almost 23% in the last 7 days. The question is should you buy ETH or BTC? Let’s take a look at it in more detail.
Bitcoin vs. Ethereum: Bitcoin Price and Bulls are Confident
It seems that Bitcoin bulls are confident about the price over the long term. They see this asset position as a boundary against volatility and global dilemmas.
In a previous article, we examined the price of Bitcoin and saw that the price was mixing between USD 40,000 and USD 31,500. We did also expect another fakeout that might cause BTC prices below the USD 30,000 price mark. This did indeed occur. Now, again in the last 7 days, the price has increased by almost 21%.
Bitcoin price was displaying limited price-action in the past week. Lack of purchasing momentum ended the clear uptrend, and the price ended up ranging between 30K and 40K, more accurately price held around the lower band. Fortunately, the Gamestop developments helped shift investors’ attention to those decentralized markets, supporting push prices more.
Bitcoin vs. Ethereum: Ethereum Price to Touch $2000?
As mentioned earlier, the Ethereum price is sitting at $1645. By touching this price, ETH has gained more than 1,650% in less than 8 months, rising from less than $100 in March. The important thing here to observe is that Ethereum is now concentrating on a network upgrade that will support it to create drive in 2021, supporting the digital currency to prove itself as a genuine rival to Bitcoin. It seems that ETH bulls have favored Ethereum to climb higher after tapping a new all-time high, supporting the 12-EMA level on the daily chart could also be a bullish indicator. It now seems that ETH is now looking to touch the $2000 mark.
Bitcoin Vs Ethereum: What to expect?
Bitcoin Vs Ethereum is no strange discussion. It may be simple to state this, but it’s futile to match them – they attend totally various directions. However, both can be evaluated separately and can be divided into three segments:
- Current impact
- Regulatory (Risk)
Right now, the collective worth of all the BTC in the world is about $600 billion. There are more than 100 million owners of Bitcoin. Ethereum, on the other hand, is more modest. Its market capitalization is $162 million and 635k active addresses.
While there are some discrepancies between the two networks, the most prominent one is supply. Bitcoin’s supply is restricted to 21 million, while Ethereum doesn’t have an issuance boundary or a fixed fiscal policy for Ether. Ether’s extensive supply carries its unlimited possible uses in the future, while Bitcoin’s hard cap secures it in as a store of value.
In the case of BTC, it has:
- The highest recognition from large investors
- Simple and stable
- Limited supply
In the case of ETH, it has
- It is currently the second biggest by market cap
- There are reports of a Flipenning.
- Smart contracts added value
- A strong current uptrend momentum with a 2K price target.
Bitcoin vs Ethereum. They both are giants but one should always study the market carefully. It is necessary to always reflect a stop-loss value to take into reflection in case the market changes its course on an aggregate level. Instead of continuing through disasters, it’s a good plan to get out of the trade and start with a more reliable and cheaper price. The Stop-loss price relies on the investor/trader’s risk hunger.