After the recent rally in the price of ETH, the market cap has climbed to an extraordinary $543 billion. With the market cap of BTC currently sitting at $1.193 Trillion, ETH has a MC equivalent to 44.76% of BTC.
If the current sustained growth continues as ETH moves forward as a deflationary coin, there is a very good chance that it will pass the symbolic 50% mark, depending on how hard BTC pumps between now and EOY.
Either way, that 50% is inevitable and it's at that point that the FOMO will kick in and push ETH to even greater heights - towards $15K.
The idea of Ethereum having a market cap of 50% the market cap of BTC seemed a long way away just a year ago, but if the current rate of growth continues for both ETH and BTC, it's likely they will achieve parity before 2030. Possibly even a lot sooner than 2030.
For everyone holding ETH, rejoice. Every single one of you will eventually be rich as fuck.
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments