$ETH
It is unlikely that Ethereum (ETH) will reach the price of Bitcoin (BTC) in the near future due to the fundamental differences between the two currencies, but nothing is impossible in the world of digital currencies due to rapid changes. Here are some points that explain the differences and why it is difficult to reach this price:
1. Total Supply (Supply):
Bitcoin (BTC): Limited to only 21 million coins, which makes it rare and increases its value in the long run.
Ethereum (ETH): It has no maximum limit, but it has moved to a Proof of Stake system that reduces the issuance of new coins (burning part of the fees).
2. Use and Technology:
Bitcoin: It is considered a "store of value" and is likened to digital gold.
Ethereum: It is a smart contract platform used in decentralized finance (DeFi) and decentralized applications (dApps), which gives it wide practical benefits.
3. Market Cap:
For ETH to reach the current BTC price, its market cap would need to increase several times, a challenge given the large supply gap.
Is there room for Ethereum to advance?
Ethereum 2.0 and infrastructure improvements could boost its value.
If adoption of smart contracts and decentralized applications increases, the price of ETH could see significant increases.