#BTCvsETH Let's dive into the comparison between Bitcoin (BTC) and Ethereum (ETH).
*Current Prices:*
- Bitcoin (BTC): $118,514.80 - $118,861.40 (slightly varying prices across sources)
- Ethereum (ETH): $3,786.51
*Key Differences:*
- *Purpose*: Bitcoin is often seen as "digital gold," a safe, long-term store of value. Ethereum, on the other hand, is the backbone of decentralized applications (dApps) and smart contracts, making it a hub for innovation, DeFi, and NFTs.
- *Price Movement*: In the last 24 hours, Bitcoin has increased by 0.07% - 0.16%, while Ethereum has surged by 1.04% - 138.52% (variations in reporting). Over the past month, Bitcoin has increased by 13.7% - 14.48%, while Ethereum has risen by 48.62% - 57.56%.
- *Conversion Rate*: 1 BTC is equivalent to approximately 30.96 - 31.12 ETH.
- *Volatility*: Ethereum has a higher daily market volatility at 2.66 - 2.68, compared to Bitcoin's 1.15 - 1.16.
*Investment Perspective:*
- *Stability vs. Growth*: If you prioritize stability, Bitcoin might be the safer bet. However, if you believe in the future of Web3 and decentralized apps, Ethereum offers more opportunities for growth.
- *Diversification*: Many investors hold both BTC for stability and ETH for growth potential ¹ ² ³ ⁴.