Ethereum Will Outperform Bitcoin In Next Bull Run

On Mar 10, 2019

Delphi Digital a research firm published a deep analysis report on Ethereum (ETH). The report indicates Ethereum will outperform Bitcoin in the next crypto bull run.

Ethereum the second largest cryptocurrency by marketcap. Ethereum is an open source, public blockchain based computing platform that empowers smart contract functionality and decentralised applications.

Ethereum remains at the top of the most active developer communities. As the usage and number of dapps grow, the fees paid to network increase respectively, improve the security of the network and more and more developers interested to build dapps on Ethereum.

Altcoin Relation with Bitcoin

Bitcoin is the king of crypto market and wherever the king goes the whole community follows. There may be some rebels that go the wrong way and the same is happening in crypto.

Bitcoin goes upside than almost all cryptocurrencies shows positive gains and when Bitcoin goes downside then almost all altcoins follows the same.

Ethereum Constantinople hardfork is successfully implemented on 28 Feb. The key feature of the hardfork is that the reward per block is reduced to 2 ETH from 3 ETH. This will reduce the daily supply of Ether and will push the price higher.

Ethereum blockchain will shift from Proof-of-Work (PoW) to Proof-of-Stake (PoS). This will let everyone to earn the block reward and will increase the demand dramatically.

Ethereum is now trading at $136 and has marketcap of $14 billion dollars. Ethereum has the potential to break its previous all-time high of $1500.

Ethereum outperforming Bitcoin in the short term from the last 2 months. How Ethereum performs in the long term that will only be known by the time.

Bitcoin showing signs of recovery, the 100 MA (Moving Average) is flattened on the daily timeframe. The 50 MA will cross the 100 MA soon and this is small relief for the bulls. The market is sideways now and we may see a retest of the 100 MA.