đ Bull Run Past and Present: A Detailed Comparison Between Bitcoin and Ethereum đ„
For years, we have been used to seeing huge spikes in the cryptocurrency market with every bull run. But it is important to note that different assets experience different rates of gain, and Ethereum has outperformed Bitcoin in a number of periods in terms of gains made. Letâs analyze both past and current bull runs in detail and compare the two most popular assets in the crypto world.
đ„ Last Bull Run (2020-2021): How Did Bitcoin and Ethereum Perform?
The last bull run was a real start to proving the power of cryptocurrencies worldwide. Prices rose rapidly due to increased institutional adoption and public interest.
đč Bitcoin (BTC):
- Low: around $10,000 at the beginning of 2020.
- High: $69,000 in November 2021.
- Increase rate (X): Bitcoin has gained roughly 6.9x from its low to its high in 2021.
đž Ethereum (ETH):
- Low: around $250 in mid-2020.
- High: $4,800 in late 2021.
- Increase rate (X): Ethereum achieved almost 19x, making it outperform Bitcoin by almost three times.
đĄ Note:
In the past bull run, Bitcoin's rise was strong, but Ethereum was the best performer thanks to its increased use in decentralized finance (DeFi) applications and the emergence of non-fungible tokens (NFTs), which increased its popularity among users and investors.
đ„ Current Bull Run (since November 2022): What's Happening Now?
The current bull run started after the major correction in the markets in 2022. Prices have been rising since the market bottom in November 2022.
đč Bitcoin (BTC):
- Low: around $15,479 in November 2022.
- Current High: $73,800 so far in 2024.
- Increase rate (X): Bitcoin has gained about 4.77x from its bottom so far.
- Expected High: It is expected to reach $120,700, which means it may achieve 7.8x.
đž Ethereum (ETH):
- Low: around $883 in November 2022.
- Current High: $4,092.
- Increase rate (X): Ethereum has gained about 4.63x from its bottom so far.
- Expected High: It may reach $9,200, which means it may achieve 10.42x.
đĄ Investment Comparison: What if you invested $2,000?
If you invested in Bitcoin or Ethereum at the recent bottom, how much would you have made by now? And what are your expected returns at the top?
Bitcoin (BTC):
- Invest $2,000 at the bottom ($15,479):
- At current price ($73,800): $9,540 đ°
- At expected peak ($120,700): $15,600 đ”
Ethereum (ETH):
- Invest $2,000 at the bottom ($883):
- At current price ($4,092): $9,260 đ°
- At expected peak ($9,200): $20,840 đ”
đ Performance Analysis: Why Ethereum Could Be More Profitable?
1. Wide adoption:
Ethereum is not just a currency, it is an entire operating system for smart contracts and decentralized applications (dApps). The Ethereum network continues to attract developers to build DeFi applications and NFTs, increasing demand for the currency and causing its price to increase rapidly.
2. Ethereum 2.0 Upgrade:
Ethereum has moved to a Proof of Stake algorithm, making it more energy efficient and increasing investor confidence in the future.
3. Institutional request:
As financial institutions become more interested in Ethereum due to its multiple uses, demand for the currency could grow sustainably.
đŻ Conclusion: Which is better for investment?
- If you are looking for a stable investment that relies on slow and sustainable growth, Bitcoin may be a safe choice.
- However, if you are looking for higher returns with more risks and opportunities, Ethereum remains the most attractive option due to its superiority in terms of the increase rate (X) and the continued increasing adoption of applications that rely on it.
đ„ The opportunity is still there! The current bull run presents golden opportunities for investors. Both Bitcoin and Ethereum are attracting attention, but Ethereum excels in generating compound returns. Are you ready to take advantage? đ
