Is Etherium More Profitable Than Bitcoin?
ETHERIUM VS BITCOIN – Throughout the years, cryptocurrency, being the volatile market that it is, has seen major ups and abysmal downs.
However, with the resurgence of the cryptocurrency called “Etherium“, people are claiming that it’s more profitable than Bitcoin. But, do the claims hold true as 2020 comes to a conclusion?
As of writing, the price of 1 Bitcoin to USD is $17,255.30. Meanwhile, the price of 1 Etherium or ETH to USD is at $527.61. Still, we need to take note that these values could change within the hour or less because of the volatility of the market.
But, even with the higher conversion rates, ETH would still be more profitable than BTC, especially when you plan on doing cryptocurrency mining. Furthermore, ETH has been known to be leagues above BTC when it comes to stability.
For example, last week, the price of Bitcoin surged to almost $19,000 USD. However, this quickly crashed to $17,255.30 in just a few days.
Meanwhile, during the same period, ETH was valued at $600 dollars. But, as the price of BTC lowered, the price of Etherium also went down to around $527. But, with the current trend of ETH, this value is still projected to rise in the following weeks.
Additionally, according to an article from Coin Telegraph, ETH was up to three times more profitable than BTC based on data from Crypto Mining Pool, F2Pool.
What do you think about this? Leave a comment below.
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