The crypto market is reaching its pivoting point. At this stage of the bear market, the situation can go two ways: in the first scenario, prices start to recover and hit new heights; in the second scenario, they continue gradually moving down, supporting the trend of previous bull runs. Either way, the need for investing and the current state of the market have got cryptocurrency enthusiasts on the edge of their seats.
The perspective of significant future gains of crypto is undeniable, and when it comes to digital coins that have been the most successful, it's really the fight of ETH vs BTC.
Everything You Should Know About BTC
Bitcoin was created by Satoshi Nakamoto in 2009. It was designed to make the financial system decentralized by using blockchain technologies in payment procedures. Today, Bitcoin is used primarily for long-term investments and as a way to conduct money transactions outside the control of central authorities.
Bitcoin's market cap of $400 billion is by far the largest among cryptocurrencies. Its circulating supply is just over 19.1 million, with a max of 21 million that could be mined.
BTC and the Crypto Crash 2022
The BTC price is in the bear market right now. Experts believe that BTC will continue to fall due to macro factors like an increase in energy costs and the ongoing war in Ukraine. However, one of the chief reasons the BTC price has been moving down for the past couple of months is the rising interest rates initiated by the Federal Reserve.
BTC Blockchain Potential
Bitcoin is not as technologically advanced as some newer coins like Cardano or Solana. It has an average block time of 10 minutes and network throughput of 5 transactions per second (TPS). Experts believe Bitcoin's full potential will be reached when it hits its max supply of 21 million.
BTC Price Forecast
Bitcoin's currently traded at $19,000 per token. Its price has been slowly decreasing since reaching the maximum of $67,566.8 in November 2021.
According to Priceprediction's forecast, BTC can reach a record-breaking $78,475 by 2025. TradingBeasts believe that BTC won't make it past $30,411 till 2025. Experts at Digitalcoinprice predict one bitcoin will be worth $80,865 in 2025.
Everything You Should Know About ETH
Ethereum is a cryptocurrency launched in 2014 by Vitalik Buterin. Ethereum's $160 billion market cap is second to Bitcoin's. Its supply of coins is unlimited, and its circulating supply is more than 120 million.
Compared to Bitcoin, the Ethereum blockchain has been used in financial and non-financial programmable applications from day one, opening the door to unprecedented blockchain applications for global enterprises.
Ethereum's blockchain holds more funds than any other blockchain, with $31.4 billion locked in DeFi. It proves that many people believe in the success of ETH.
ETH and the Crypto Crash 2022
Investors have had high hopes for the Ethereum Merge that took place in September 2022 to boost the ETH price back up. However, it didn't happen as more and more controversy started to build up around Ethereum switching from proof-of-work (PoW) to proof-of-stake (PoS), which many believe will make the platform increasingly centralized, undermining the whole idea of crypto in the first place.
BTC Blockchain Potential
Now that the Merge is here, ETH developers plan to implement the Sharding technology by 2023. It will significantly increase the security and scalability of the Ethereum network. Ethereum's developers also claim that those changes in the ETH network will decrease its energy consumption by 99.95%.
ETH Price Forecast
ETH's price currently stands at about $1,300. According to Priceprediction, Ethereum can reach $5,635 in 2025. TradingBeasts is less optimistic, saying that ETH will be traded for $2,535.4 max in 2025. Experts at Digitalcoinprice believe one ETH will be worth $5,612 in 2025.
Final Note
Any wise investor would suggest not putting all of your funds into one project only. As both projects show almost equal potential in terms of returns, you will not go wrong with investing in both. So if you are looking to swap your XMR to BTC or ETH, now is the perfect opportunity to do so.
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