Can Ethereum Outrun Bitcoin?

On April 28, 2013, the day that the first Bitcoin-led crypto cracks began to be traded, the price of a Bitcoin was $134.21. There was no trading volume, but the market value was reaching $1.5 billion. Ethereum did not exist at the time, because it was only launched in July 2015, two years later.

Today, cryptocurrency investors with specialists keep predicting that the market value of Ethereum may exceed the market value of Bitcoin in the not too distant future.

Can Ethereum exceed Bitcoin?

Looking at market statistics since April 2013, or at least since December 17th, 2017, the day that for the first time Bitcoin surpassed all expectations of capital market values, reaching the mark of $19,140.76 for the price of a single Bitcoin and, a trading volume of $13 billion in the last 24 hours and more than $370.5 billion in market value. The Ethereum was already in second place in the market with a value of $719.38 for one Ethereum, and a transaction volume of more than $2 billion in the last 24 hours, and a market value exceeding $69 billion.

Although the Ethereum has already occupied the second position in the market quotation because of the market value as far as trading is concerned. Bitcoin Cash in the third position was leading the market price, trading a Bitcoin Cash worth $1,862.88 losing with Ethereum only by market and trading volumes.

Only, Etherereum continued to break all barriers over the years. Every day that Bitcoin appreciated and increased its market value and trading volume, the higher the market value and trading volume of Ethereum also was.

As I am writing this story, the value of a Bitcoin is worth $32,961.40 with a market volume in the last 24 hours of $56.8 billion and a market value of $619.4 billion. An Ethereum is worth $1,391.84 with a market volume in the last 24 hours of $43.6 billion and a market value of $161.4 billion.

If we look at the trading volumes for the last 24 hours, we have a basic difference of $13.2 billion between Bitcoin and Ethereum. That is why we may have an advantage of Ethereum against Bitcoin in the not too distant future.

Why might this happen?

Because of the price of the Bitcoin offer, the market value of the Ethereum may exceed the market value of Bitcoin.

Every day that Bitcoin is valued in the market, the higher the rates charged per transaction. In this case, most investors will prefer to make the Exchange for Ethereum to make the sales and normal transactions through it, because of the fees and also because of the delay in the arrival of the values in the investors' portfolio.

Bitcoin will continue to be higher for the market price because of the volume of currencies in circulation in the market. The lower the volume of coins in circulation in the market, the higher the price of a Bitcoin in the market. And today we have a big difference between Ethereum and Bitcoin in favor of the volume of coins in circulation in the market.

So, I understand better this forecast. It may be possible, because due to the difference in the volume of coins in circulation until the Ethereum reaches at least 25 million, the Bitcoin may be in 5 million coins in circulation. And by that time, Bitcoin could be worth about one million dollars. The Bitcoin transaction fee may be higher than ever.

My opinion about this forecast from the experts

It doesn't matter if Ethereum will exceed the market value of Bitcoin or not. Our biggest concern is the volume of coins in circulation to finish. When this happens, if one day it does, we will have to have a new currency leading the market and making it easier for investors to diversify their digital and other economies, because Cryptocurrencies are the future of money.