Bitcoin has been the go-to cryptocurrency to invest in for many institutional investors, but recently, this has been changing. BTC is highly volatile and sees lots of big ups and downs in a small period of time.
Compared to this, Ether is much more stable with a better blockchain. Ether has been growing steadily and is second only to Bitcoin in terms of value. Add to that the ability to pay for NFTs, Ether is slowly becoming a very versatile option.
Its stable nature and steady growth rate make it a great option for long-term investing too. At this moment, Ether is much healthier with less risk involved than Bitcoin. On top of that, Ether’s blockchain is faster and much more efficient than that of Bitcoin.
Bitcoin has been prone to technical issues from time to time, and people lose a lot of money due to this. For example, Bitcoin prices have declined by 10% in the last month itself and saw a major crash earlier this month. Compared to that, Ether has only gone down by 5% and is well on its path to recovery.
JP Morgan, after analyzing Chicago Mercantile Exchange’s futures buying, came to the above-mentioned conclusion. Bitcoin might be the poster boy for cryptocurrencies in general right now, but it is steadily losing ground.
For people looking to get into the crypto market, right now is the best time to do so. With the prices rising steadily and Bitcoin expected to reach another all-time high, it is best that you get into the game as soon as possible.