What factors contributed to Ethereum's outperformance compared to Bitcoin
Several factors contributed to Ethereum's outperformance compared to Bitcoin after the recent rate cut:
- Smart Contracts and DeFi Growth : Ethereum's capability to support smart contracts and decentralized applications (dApps) has driven significant adoption, particularly in the DeFi sector, enhancing its appeal over Bitcoin[1][3].
- Transition to Proof of Stake : Ethereum's shift to a proof-of-stake (PoS) mechanism has improved scalability and reduced energy consumption, making it more attractive to environmentally-conscious investors.
- Market Sentiment : The Fed's rate cut sparked optimism in riskier assets, with analysts predicting a potential "altcoin season," further boosting Ethereum's price relative to Bitcoin.
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