Advertisement
AD

Main navigation

Ethereum Became 140% More Profitable Than Bitcoin in 2021 and Already Performs Better in 2022

Advertisement
Wed, 5/01/2022 - 12:26
Ethereum Became 140% More Profitable Than Bitcoin in 2021 and Already Performs Better in 2022
Cover image via stock.adobe.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News
Contents
Advertisement

The year 2021 has become one of the most successful periods in the history of the cryptocurrency market. Bitcoin reached its new all-time high of $65,000 and closed the year with 58% growth. But at the same time, smaller coins like Ethereum showed even more impressive results.

Ethereum heavily outperforms BTC

According to Ether's quarterly returns, the asset outperformed Bitcoin in every quarter of 2021, even during the global cryptocurrency market sell-off back in the second quarter of the year. The first quarter of the year was Ethereum's most successful period, which ended with a 102% price increase from January to April.

Skew Ether Data
Source: Skew Analytics 

It is no surprise for the majority of the market that Ethereum has shown better performance in general. Throughout the year, numerous factors have acted in favor of the biggest altcoins, with the NFT craze launching gas fees to the sky, the DeFi sector attracting billions of users' funds and the network receiving constant updates.

Ether Price
Source: TradingView

The introduction of the EIP-1559 update should be noted separately since the newly presented fee structure has totally changed the asset's structure, making Ethereum deflationary in the future. One of the first deflationary blocks that appeared on the network shortly after that bring less ETH to the network than was burned.

Bitcoin's path in the new year

As for the biggest cryptocurrency on the market, Bitcoin has entered the year 2022 with the price action and volatility from 2021. The asset is currently trading with approximately 1% profit in the $51,000 and $46,000 range.

Related
Top-Tier ETH Whales Scoop Up 838 Million LINK and 4 Million MATIC

Various cryptocurrency experts believe that Bitcoin's prolonged consolidation is close to being over as its volatility drops to extreme lows.

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD