Factors Behind the Better Performance of Ethereum Than Bitcoin

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The Cryptocurrency market has recovered more than 9% over the past weeks. This has raised the overall Capitalization to beyond $1 trillion once more.

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Meanwhile, some crypto has been doing well than others and Ethereum has been performing better than Bitcoin during the past week. Ethereum has moved up by 17% to its present price now. On the contrary, BTC has only moved just 6% upwards over the same space of time.

Lowered Selling Forces
Before the merge, miners of ETH sold off their assets to pay for their experiences, likewise miners of BTC too. However ever since Ethereum migrated to POS (Proof-of-Stake) in September, there has been a significant reduction in selling pressure.

Factors Behind the Better Performance of Ethereum Than Bitcoin

Also, another area of Ethereum’s pull is its lowered issuance. A report revealed that Ethereum issuance reduced by 14,000 Ethereum coins in a day and nearly 5 million lesser in a year. Additionally, the Ethereum merge lowered the crypto’s power usage by 99%, and this has made the crypto to be more attractive to Environmental Conscious Cooperate institutions.

The information provided by Digieconomist ETH power usage index, the power usage reduced from nearly 84 TW/h per year before the Merge to 0.01 TW/h now.

Consequently, these three factors has give Ethereum a more promising prospect, which has shown in its market performance of late against Bitcoin.

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