Can Ethereum take over Bitcoin?

Ethereum would need to rise significantly As of the afternoon of Jan. 18, Bitcoin’s market cap was $789 billion, while Ethereum’s was $371 billion. This means that the latter would need to soar 113% in value in the next 11 months to claim the top spot (assuming that the former’s value would stay flat).20 Oca 2022

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Is Ethereum a Bitcoin?

Ethereum, which was created in 2015 by Vitalik Buterin, is a cryptocurrency that provides ether tokens. This is equivalent to the bitcoins in the Bitcoin network . Ether is used to build and deploy decentralized applications whose back-end code is placed in a distributed peer-to-peer network.

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Is Ethereum and Bitcoin the same?

The difference between Ethereum and Bitcoin is the fact that Bitcoin is nothing more than a currency, whereas Ethereum is a ledger technology that companies are using to build new programs . Both Bitcoin and Ethereum operate on what is called “blockchain” technology, however Ethereum’s is far more robust.

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Does ethereum have a future?

The crypto news outlet Coinpedia predicted ETH could end 2022 between $6,500 and $7,500 if the same bullish upswing that started in mid 2021 were to continue. However, 2022 brought a bearish downturn in the crypto market, making it clear that Ethereum’s price is not going to rise from sentiment alone.

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