We can't really deny the fact that ETH is far ahead of bitcoin in terms of applicability. That is the reason why almost 90% of the ICOs are using ETH to release their smart contracts and to raise funds for their business. We have other coins as well with the similar capability but ETH took the first spot in that. However, according to the market cap, bitcoin holds the first spot since inception. So it is hard say anything at this point. Bitcoin is not going down anytime soon, so an wise investor will hold both of these coins to get the benefits.
But Chinese government is not at all friendly to the crypto currency. So the ranking released by them may have some impact within the local market, but not internationally. Bitcoin continues to rule!
Yes, you are right guy. Never do I think that Chinese government support cyptocurrency and I think that everyone knows it. Although, as things stands, bitcoin maybe rank below ethereum, but it’s just temporary and do you think that it’s too early to conclude this. We all know that crypto market brings a big volatile, everything will change fast and currently. I believe in bitcoin that it’s the best ever. As a rule, bitcoin wil have a rise on it rank again.
