$ETH isn't the only cryptocurrency to replace Bitcoin!
It's the backbone of much of the crypto world:
DeFi, NFTs, smart contracts, decentralized applications...
Despite all this, it hasn't risen to the top spot and has remained there.
Since its launch in 2015, Ethereum has followed a path parallel to Bitcoin.
While Bitcoin was built to be a store and store of digital gold,
Ethereum was built to be a decentralized global computer.
That means it operates, interacts, and evolves.
Despite this, Bitcoin remains ahead in market value!
Why?
• Bitcoin is limited (21 million)
• It has a stronger name in the mind
• It is considered "digital gold" in the eyes of investors
• Its behavior is clear in both ups and downs
As for Ethereum, its mission is complex:
• It built a massive system
• It dealt with congestion and gas costs
• It underwent a long transition to Proof of Stake
This created slowness... and disappointed many investors.
In effect, Ethereum is back in the game, and with a bang. As usual, it's not just as a currency, but as an infrastructure for the decentralized internet. What's even more exciting: Every new competitor, indirectly, is fueling Ethereum, because most of them integrate with it or require it.
