$BTC is leading the pack, but $ETH is near ready to explode. Key levels for $ETHBTC on the monthly as I see it. Upward trend support was defended nicely on that last move by Bitcoin, but if that fails it's essential to hold support. 1. Although BTC and ETH have been highly correlated in the past, they are now trading fully independent from one another. Reloads and free spins available every day, for every player, in mBitcasino Crypto Autumn Bonanza! Jun 04, · BTC ’s attempt to break above the psychological barrier came after ETH prices reached the highest levels since early March With the BTC and .
Trade against btc or ethETH BTC – Ethereum to Bitcoin Price Chart — TradingView
Ethereum is now processing almost 4 times more transactions per second TPS than Bitcoin. Well, this is another story. Both cryptocurrencies have different use cases and work on their niches. Indeed, the growth in one could help the other receive an impulse and grow as well. In the same way that it happens with traditional companies, virtual currencies have different functionalities.
It is not the same to compare eBay with Microsoft, because both of them have their own characteristics, markets, products and business models. Bitcoin has been created as a store of value and as digital money. Ethereum, instead, is a development platform that uses Ether as a native currency. Programers and companies are able to use the network and create decentralized applications dApps. With Bitcoin, enterprises and individuals can send and receive funds, or just use the currency to hedge against economic crisis.
Comparing both networks in this way, we can assume that Bitcoin and Ethereum are not rival currencies, but instead different networks created for different purposes. For example, developers on the Ethereum network have created collectable cats CryptoKitties that can be exchanged for ETH. At the same time, there are different decentralized exchanges that allow users to buy and sell ERC currencies based on Ethereum.
It is also important to mention that Ethereum has people working on a wide variety of projects like ICOs , layer 3 protocols, etc. Bitcoin is different. The most famous cryptocurrency has people working in just one important topic: Bitcoin itself. Another interesting point to mention about Bitcoin and Ethereum is the speed of the developments that took place on both networks.
Instead, Ethereum did it at the end of , just two and a half years after being created. The same happens with the market dominance. Bitcoin was growing during more than 7 years to reach current levels, Ethereum was just 3 years to reach such an important position in the market. The same happens with the number of transactions and active addresses. Ethereum will have to do a great work in order to scale, even more than Bitcoin.
Why does it happen in this way? Because Ethereum needs to handle more transactions than Bitcoin, which will be quite difficult to achieve without investing in Sharding, plasma, or Casper. Bitcoin is completely focused in the Lightning Network LN which will allow the network to process an important number of transactions with low fees, and the community is waiting for that. Both currencies can properly grow and scale without one having to harm the other.
Having important community developers behind each of these networks is a positive thing for the whole ecosystem and not just for ETH or BTC. Both currencies have substantially increased compared to 24 hours ago.
In the future, these currencies will keep growing and showing the world what they have to offer. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption.
Trading is not only about the fundamentals factor 2 and 3 or long-term potential factor 1 , but also simply about the price action and volatility of a cryptocurrency. This is especially important when trading on lower time frames, for example.
Slow moving instruments do not offer interesting trade setups because it is difficult to obtain a profit by entering and exiting if price hardly moves up or down.
Volatility is key as it provides opportunities for traders. Price action is also key: it is important to review Ether and Bitcoin charts and familiarise yourself with the instrument. This is even more valid for short-term charts, where price action can sometimes be quick and unexpected.
Some instruments will also fit your style of trading more naturally. You should always make sure you know how to trade Bitcoin CFDs before trading it with real money. We recommend signing up for a free Demo account and practising in a real trading environment, with virtual funds. All in all, both! Bitcoin and Ether offer sufficient volatility and price movement for trading purposes.
Traders should keep an eye out for both cryptocurrency pairs and see which one is better suited for trading on that specific day, week or month. Choosing your favourite instrument really depends on your own preferences. Test both of them for a while and see which one suits your own market vision.
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Start trading today! Disclaimer: The given data provides additional information regarding all analysis, estimates, prognosis, forecasts or other similar assessments or information hereinafter "Analysis" published on the website of Admiral Markets. Before making any investment decisions please pay close attention to the following:. Leveraged products including contracts for difference are speculative in nature and may result in losses or profit.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Contact us. Why Us? Financial Security Scam warning NB! Login Start trading. Choose your language. October 25, UTC. Reading time: 9 minutes. Factor 2: Leadership Role Bitcoin remains the most well-known cryptocurrency and there seems to be no threat of it losing that position.
There are a number of key differences between the two cryptocurrencies, here's just a couple of examples: Bitcoin's supply is capped and fixed at 21 million, whereas Ether has a supply growth that is capped each year. Bitcoin, created in , has a block time of 10 minutes, whereas Ether is currently about 14 seconds 2. Factor 4: Internal Cryptocurrency Matters Keeping up-to-date with some of the developments within each cryptocurrency will also provide some key information about possible price reactions.
Factor 5: Price Action Volatility Trading is not only about the fundamentals factor 2 and 3 or long-term potential factor 1 , but also simply about the price action and volatility of a cryptocurrency. Click the banner below to open your FREE demo trading account today! Conclusion Which one is better to trade? Click the banner below to start trading cryptocurrency CFDs today!
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