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[AudraMiller]

The rise in price when it comes to Bitcoin and Ethereum cannot be denied in the slightest, and these two coins have been increasing drastically over the last few months. In fact, there are many that even believe that Ethereum is actually the rival coin for Bitcoin. Whilst this may be true, a crypto analyst has shown that Bitcoin continues to thrive ahead of Ethereum. In terms of a yearly analysis, Ethereum does top Bitcoin looking at its value in fiat currency, however if one had to look at the month of February alone, Bitcoin is up by 60% whereas Ethereum is up by 50%. What is your thoughts on this? The gap seems to be closing between Bitcoin and Ethereum in my opinion.

 

[AudraMiller]

With the market cap, appreciation in value of Ethereum, it's can be said to be the closest rival for Bitcoin.
But I still believe it will always just be a second choice. Bitcoin has and will always remain just one step ahead.

This is true because of the fact that bitcoin has been around longer and the fact that Bitcoin is often considered to be the face for cryptocurrency and this is what will cause people to make their first crypto investment into bitcoin rather than any other coin.

 

[BullyMaguire]

Thats true, the high gas fees of ethereum is really discouraging people from investing in it, hope with time , something will be done about such high fees

I think it's one of the reason why ethereum can't just break past the ATH's easily because even though there was the hype only people with a lot of money can benefit

 

[Kunkun]

I think it's one of the reason why ethereum can't just break past the ATH's easily because even though there was the hype only people with a lot of money can benefit

And what's been done about these high fees or are there no viable solutions for that yet, because ethereum really has potential which I'm considering investing in but those high gas fees are a discouragement

 

[AudraMiller]

And what's been done about these high fees or are there no viable solutions for that yet, because ethereum really has potential which I'm considering investing in but those high gas fees are a discouragement

There is talks that this is a problem that will be resolved within this year. I have just created a thread on the news actually and am just waiting for it it be approved by the admin before being posted here. Basically there are talks that they are using a new network and will switch over this year to lower transaction fees.

 

[Kunkun]

There is talks that this is a problem that will be resolved within this year. I have just created a thread on the news actually and am just waiting for it it be approved by the admin before being posted here. Basically there are talks that they are using a new network and will switch over this year to lower transaction fees.

Then that is a good development indeed, one all ethereum investors would appreciate. This year is looking like a good year for crypto so fingers crossed

 

[microunit]

I think the network in question is with the ethereum 2.0 upgrade that they doing, I think that they would slowly migrate the coins there so it might take time

 

[Wisdom01]

I think the price of ethereum have dropped a little and now the price of bit co I is in another bullish run , i am expecting $100k soon i think

 

[AudraMiller]

Then that is a good development indeed, one all ethereum investors would appreciate. This year is looking like a good year for crypto so fingers crossed

Yeah. I think that the next thing that needs to happen is that the Bitcoin developers need to take the same steps in order to try and reduce the amount of transaction fees, other ethereum would definitely overtake Bitcoin in the coming months.

 

[Yewande]

The rise in price when it comes to Bitcoin and Ethereum cannot be denied in the slightest, and these two coins have been increasing drastically over the last few months. In fact, there are many that even believe that Ethereum is actually the rival coin for Bitcoin. Whilst this may be true, a crypto analyst has shown that Bitcoin continues to thrive ahead of Ethereum. In terms of a yearly analysis, Ethereum does top Bitcoin looking at its value in fiat currency, however if one had to look at the month of February alone, Bitcoin is up by 60% whereas Ethereum is up by 50%. What is your thoughts on this? The gap seems to be closing between Bitcoin and Ethereum in my opinion.

yeah at the moment bitcoin is currently gaining more ground than any other coin. Though people tend to always compare bitcoin with ethereum but they are definitely not on the sam level.

 

[Kunkun]

Yeah. I think that the next thing that needs to happen is that the Bitcoin developers need to take the same steps in order to try and reduce the amount of transaction fees, other ethereum would definitely overtake Bitcoin in the coming months.

Yeah those high fees are a concern for investors and I think there could a solution for that later this year so let's see how things go

 

[BullyMaguire]

And what's been done about these high fees or are there no viable solutions for that yet, because ethereum really has potential which I'm considering investing in but those high gas fees are a discouragement

I actually was about to. But then some websites are suspending payments thru Ethereum which makes me changed my mind. People saying they have eth but can't use it since it's gonna be eaten by fees anyway

 

[Kunkun]

I actually was about to. But then some websites are suspending payments thru Ethereum which makes me changed my mind. People saying they have eth but can't use it since it's gonna be eaten by fees anyway

Well hopefully this year something would be done about the high transaction fees involved with crypto currencies like ethereum mostly and Bitcoin too