It has been an ongoing battle between Ethereum and Bitcoin for greater profitability. Both cryptocurrencies have the highest market share, which means they also enjoy the support of the most people. Although they operate in the same area, their rivalry has been unrivalled. It doesn’t just end at the networks themselves but flows into the communities that support both assets, as each one claims to be superior to the other.
Bitcoin Vs Ethereum
In the last several years, both these digital assets have proven to be extremely lucrative. Since its conception, they have established their status as millionaires. It’s still an ongoing battle to see who is better when it comes investing.
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Year-over-year, Ethereum, which is younger than the original Bitcoin, has shown the greatest returns to investors. It often beats Bitcoin on multiple occasions by more that 2x. It has attracted more investors and raised the possibility that Ethereum might be the best choice.
Source: BTCUSD on TradingView.com| Source: BTCUSD on TradingView.com
Data that supports this view is supported by both data and statistics showing investor profitability for digital assets. Ethereum holders are currently in profits at 54%, more than Bitcoin. This is a tiny margin considering that only 52% of BTC holders are currently in profit. This is also evident in the loss area, where ETH and BTC are respectively 42% and 33%. These numbers put both cryptos on a nearly equal footing.
Bear Market Holding
These digital assets are known for their ability to be held through bear markets. Bitcoin is able to stand up well in market downtrends, which is what makes it so special. While Ethereum experienced a greater than 90% drop, bitcoin’s price dropped by just over 80% in the most recent bear market.
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In the current bear market, bitcoin has held up well once again. BTC has fallen 56% since November’s all-time peak. However, ETH’s price has crumbled by more than 63% in the same time period.
These digital assets have one thing in common: long-term investors are more likely make profits than short-term ones. Wallets which have held their cryptocurrencies for more than one year are more likely to be in the green compared to those that aren’t.
Featured image taken from The Guardian Nigeria. Chart by TradingView.com
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