Jonathan Hobbs

about 2 months ago2 mins

Bitcoin Versus Ether: There May Soon Be A Victor

Bitcoin Versus Ether: There May Soon Be A Victor

Jonathan Hobbs

about 2 months ago2 mins

Bitcoin Versus Ether: There May Soon Be A Victor

If you'd bought bitcoin or ether in May of 2021, you’d be down about 30% in US dollars on each right now – it would’ve made little difference whether you’d picked one or the other. But here’s why that could change fairly soon, with one massively outperforming versus the other.

This chart shows ether, priced in bitcoin – or the number of Satoshis (sats) you’d have to pay for one whole ether – with each red or green bar showing one week of price action. As you can see, aside from a few minor swings here and there, one ether has been worth about 7 million sats (or 0.07 bitcoins) for nearly two years (yellow dotted line). In other words, the volatility between bitcoin and ether has been really low lately: so low in fact, that the weekly Bollinger bands (white lines) are the closest they’ve

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