#BTCvsETH
Let's dive into the comparison between Bitcoin (BTC) and Ethereum (ETH).
*Current Prices:*
- Bitcoin (BTC): around $118,277 to $119,072.20, with a 24-hour change of +0.41% to +1.00%
- Ethereum (ETH): around $3,781.74, with a 24-hour change of +2.06%
*Key Differences:*
- *Purpose*: Bitcoin is often referred to as "digital gold," serving as a store of value, while Ethereum is the backbone of decentralized applications (dApps) and smart contracts.
- *Transactions per second*: Bitcoin handles around 7 transactions per second, while Ethereum handles around 15 transactions per second.
- *Consensus mechanism*: Bitcoin uses Proof of Work, while Ethereum uses Proof of Stake, which is more energy-efficient ¹.
*Market Performance:*
- In the last 24 hours, Bitcoin increased by +0.41% to +1.00%, while Ethereum increased by +2.06% to +134.97%.
- Over the past month, Bitcoin's value has increased by 14.42% to 15.31%, while Ethereum's value has increased by 54.96% to 56.12% ² ³ ⁴.
*Investment Considerations:*
- Bitcoin is considered a safer bet for stability, while Ethereum offers more opportunities for growth in the Web3 space.
- Analysts predict Bitcoin could reach $175,000 by 2025 ⁵ ⁶.
*Conversion Rates:*
- 1 Bitcoin (BTC) is equivalent to around 31.27 to 31.55 Ethereum (ETH).
- 1 Ethereum (ETH) is equivalent to around 0.03176 to 0.03198 Bitcoin (BTC) ² ³ ⁴.