Ethereum Outperforms Bitcoin Trading Operations

[blockman]

It's not only ethereum, you must also pay attention to the bitcion too. market is very hard to increase due to the rate hikes by the FED. so many investors prefer to put their money into the US and hold USD as store of value for now as the price is always going up no matter what happened with another fiat money. It will never happen. The daily trade volume of bitcoin in binance has been reached another highest again.

Everything in the market has been affected by the rate hike made by the FED. But this isn't going to last forever and times will be good again, it's happening in some years that we have to see such decline in most markets.
But, this time, it's most markets that are struggling and when bitcoin goes on the halving and years pass by, despite people have preferences in the crypto market like having an all in to ETH and any other coin, we have to balance it for the sake of dealing with losses.

[sana54210]

At present I am not interested in Dex from ETH because of the cost of gas that is very expensive, certainly not natural if we swap token worth $ 50 but the cost of swap is more than 30%, this should be the concern of the Ethereum team.

It is not, the other day I did ETH transaction from my metamask to my binance account and it charged me just 86 cents, maybe I paid a little less for a transaction that was slower, I paid the bare bottom price that would work, but I remember a period when it was over 40 dollars to do the same thing, so it is still doing a lot better if you ask me.

I believe that we shouldn't be really seeing it more expensive anymore, sure there are some coins where you could do it for under 10 cents, so it is still 10x more expensive than them, but at the same time it is 10% of what it used to be and even cheaper, so that is definitely a great improvement.

[jaberwock]

At present I am not interested in Dex from ETH because of the cost of gas that is very expensive, certainly not natural if we swap token worth $ 50 but the cost of swap is more than 30%, this should be the concern of the Ethereum team.

It is not, the other day I did ETH transaction from my metamask to my binance account and it charged me just 86 cents, maybe I paid a little less for a transaction that was slower, I paid the bare bottom price that would work, but I remember a period when it was over 40 dollars to do the same thing, so it is still doing a lot better if you ask me.

I believe that we shouldn't be really seeing it more expensive anymore, sure there are some coins where you could do it for under 10 cents, so it is still 10x more expensive than them, but at the same time it is 10% of what it used to be and even cheaper, so that is definitely a great improvement.

Sometimes it's about how congested the network is. In rush hours or in day time, the transaction fees for all cryptos, not only in eth is a little bit higher compared to when you are transacting passed 12 or 1 am. I don't know if when he did his transaction. Was it last time before the merge happen?

Because, eth is known to have a problem with its fees where it became really expensive but maybe the fees are cut down by a great percent after the merge have completed. Lastly before we transact, we are always presented by a receipt if how much fees we are going to pay. We can always refuse the transaction. Don't let the fees consume most of your money unless if you badly need the funds.

[South Park]

eth has gained more and more fame but doesn't necessarily means that eth value could randomly increase without the contribution from btc trend since btc is still the ones that could affect the value of many coins, I think even though eth could overtake btc in some field it's just only temporary, eventually btc will rise again, just like how btc dominance works, eventually btc comes out and becomes and retake the throne again.

Investors will do well to remember that bitcoin dominates this market, even if there are other good projects that have some influence like it is the case of ethereum we must also remember that without the positive influence of bitcoin it is almost impossible for the rest of the coins to move up in value in an organic manner, so while some were hoping the merge will bring a huge growth in the altcoin market in general I always thought those expectations were out of place.

[milewilda]

eth has gained more and more fame but doesn't necessarily means that eth value could randomly increase without the contribution from btc trend since btc is still the ones that could affect the value of many coins, I think even though eth could overtake btc in some field it's just only temporary, eventually btc will rise again, just like how btc dominance works, eventually btc comes out and becomes and retake the throne again.

Investors will do well to remember that bitcoin dominates this market, even if there are other good projects that have some influence like it is the case of ethereum we must also remember that without the positive influence of bitcoin it is almost impossible for the rest of the coins to move up in value in an organic manner, so while some were hoping the merge will bring a huge growth in the altcoin market in general I always thought those expectations were out of place.

Cant really deny nor ignore the fact that lots of coins had already overtaken or surpassed bitcoin when it comes to features and utility but still they cant really beat up because the entire community do really still
support on whats the main or king of all cryptocurrencies which is Bitcoin.It might not be having those fancy features but it could still simply do the job well as a digital currency and this is what makes
it even more harder to beat as the years passing by.Although we cant really be that so sure when it comes to that because nothing is assured if we do talk about the future.
ETH or simply smart contracts is something revolutionary but it do still able to sit 2nd or next to Bitcoin which it isnt that surprising.

[CuriousGeorge]

Until now Ethereum is still difficult to skyrocket, even seen following the market, I hope that Ethereum can explode and defeat Bitcoin, the use of Ethereum is increasing because of the many Ethereum developers should make ETH prices can reach at least $ 5000.

The hype has gone. The price goes down rather than going up. This is caused by people have bigger expectation to the ethereum merge but they are disappointing with the result from merge. That proves that if ethereum will not able to reach the high price without the help from bitcoin and crypto market. Im sure that people aware about this too. Bitcoin is always outperform ethereum. Ethereum may got more volume when it was getting hyped

[Chainsmokers]

Until now Ethereum is still difficult to skyrocket, even seen following the market, I hope that Ethereum can explode and defeat Bitcoin, the use of Ethereum is increasing because of the many Ethereum developers should make ETH prices can reach at least $ 5000.

The hype has gone. The price goes down rather than going up. This is caused by people have bigger expectation to the ethereum merge but they are disappointing with the result from merge. That proves that if ethereum will not able to reach the high price without the help from bitcoin and crypto market. Im sure that people aware about this too. Bitcoin is always outperform ethereum. Ethereum may got more volume when it was getting hyped

The Ethereum merge made the Ethereum hype over, not even just for ethereum, but mineable coins like RVN and ETC also ended the hype,
of course the Ethereum merge should have brought Ethereum much greater value but the situation is not yet supported because the bear season is still running,
here it is why is ETH so hard to outperforms from Bitcoin.

[RussianEnglishTranslation]

You can see the effect in the number of settlements that both cryptocurrencies achieved in the last 24 hours. While BTC settled some USD 23.32 million, ETH doubled that amount for a total of $48 million, according to Coinglass. It is usual for more bitcoin trades to settle because it has more trading, so its dethronement in this period is striking.

However, you can appreciate the most exciting metric regarding trading volume for the Ethereum cryptocurrency in options contracts. Specifically in options open interest, where ether also outperformed BTC. In other words, it has a more significant number of open positions in this derivative than those also trading in the BTC market.
https://www.vanticatrading.com/post/ethereum-outperforms-bitcoin-trading-operations

Personally I have more faith in XRP and ICP long term compared to BTC and Ethereum. Neither BTC nor Ethereum can scale and its highly unlikely that businesses will chose Ethereum over corporate solutions like HBAR and Hyperleder and governments will chose their own CBDCs on XRP over using BTC, which they can't control.

[South Park]

eth has gained more and more fame but doesn't necessarily means that eth value could randomly increase without the contribution from btc trend since btc is still the ones that could affect the value of many coins, I think even though eth could overtake btc in some field it's just only temporary, eventually btc will rise again, just like how btc dominance works, eventually btc comes out and becomes and retake the throne again.

Investors will do well to remember that bitcoin dominates this market, even if there are other good projects that have some influence like it is the case of ethereum we must also remember that without the positive influence of bitcoin it is almost impossible for the rest of the coins to move up in value in an organic manner, so while some were hoping the merge will bring a huge growth in the altcoin market in general I always thought those expectations were out of place.

Cant really deny nor ignore the fact that lots of coins had already overtaken or surpassed bitcoin when it comes to features and utility but still they cant really beat up because the entire community do really still
support on whats the main or king of all cryptocurrencies which is Bitcoin.It might not be having those fancy features but it could still simply do the job well as a digital currency and this is what makes
it even more harder to beat as the years passing by.Although we cant really be that so sure when it comes to that because nothing is assured if we do talk about the future.
ETH or simply smart contracts is something revolutionary but it do still able to sit 2nd or next to Bitcoin which it isnt that surprising.

What happens is that bitcoin is not only a technology, I know that for example in the case of smartphones people get rid of them and buy a new one even if they still work perfectly fine for a small increase in performance all the time, so it may seem odd to some why this does not happen with bitcoin as well, but we must remember that bitcoin is a form of money and for any monetary system to work trust will always be a central element, and since people trust more in bitcoin than in those altcoins then it is almost impossible for them to ever surpass it.

[rendravolt]

Until now Ethereum is still difficult to skyrocket, even seen following the market, I hope that Ethereum can explode and defeat Bitcoin, the use of Ethereum is increasing because of the many Ethereum developers should make ETH prices can reach at least $ 5000.

The hype has gone. The price goes down rather than going up. This is caused by people have bigger expectation to the ethereum merge but they are disappointing with the result from merge. That proves that if ethereum will not able to reach the high price without the help from bitcoin and crypto market. Im sure that people aware about this too. Bitcoin is always outperform ethereum. Ethereum may got more volume when it was getting hyped

Yes, the movement will be the same if you look at the bull market last year. Not only ethereum but other altcoins will surely follow bitcoin for its price increase. But sometimes ethereum can hold up pretty well when bitcoin is being dumped to the bottom and that really eases my mind so I don't panic because I'm an ethereum holder too.