ETH and BTC Battle
Good morning all, hope you all had a good weekend. Before this week kicks off I was just observing the crypto charts and also doing a little reading. Much to my delight reading that ETH has been leading the way against BTC for the last 4 years. Here is a snippet from the article :
Ethereum outperforms Bitcoin 2X in Compound Annual Growth Rate over past 4 years. Data on the four-year Compound Annual Growth Rate for Ethereum and Bitcoin from the on-chain analytics platform Glassnode shows that ETH has outperformed Bitcoin since October 2019. The data is available via the two charts below, which depict the CAGR for both Ethereum and Bitcoin over the past four years.
The period was selected to capture both the classic Bitcoin halving cycle while also accounting for the typical bull/bear cycle, which tends to be of a similar duration. Bitcoin recorded a CAGR of 34.1%, but Ethereum returned almost double at 66.3%. CAGR data for Ethereum started in July 2019, and since then, the correlation between Ethereum and Bitcoin has been relatively low. Bitcoin’s peak CAGR was back in 2014, while Ethereum peaked on October 20, 2019.
It is nice to see a little bullish price action and I'm glad I invested in ETH for the HODL as I have seen first hand how it has been out performing BTC. But is this the start of the bull run? Who knows time will tell. Have a good trading week all, BTC long currently in profit and holding. GLIYF
Ethereum outperforms Bitcoin 2X in Compound Annual Growth Rate over past 4 years. Data on the four-year Compound Annual Growth Rate for Ethereum and Bitcoin from the on-chain analytics platform Glassnode shows that ETH has outperformed Bitcoin since October 2019. The data is available via the two charts below, which depict the CAGR for both Ethereum and Bitcoin over the past four years.
The period was selected to capture both the classic Bitcoin halving cycle while also accounting for the typical bull/bear cycle, which tends to be of a similar duration. Bitcoin recorded a CAGR of 34.1%, but Ethereum returned almost double at 66.3%. CAGR data for Ethereum started in July 2019, and since then, the correlation between Ethereum and Bitcoin has been relatively low. Bitcoin’s peak CAGR was back in 2014, while Ethereum peaked on October 20, 2019.
It is nice to see a little bullish price action and I'm glad I invested in ETH for the HODL as I have seen first hand how it has been out performing BTC. But is this the start of the bull run? Who knows time will tell. Have a good trading week all, BTC long currently in profit and holding. GLIYF
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