When the dust settles Ethereum will rise!
The volatility in the crypto currency world is what one can expect and is likely to continue for some time to come. The crypto currency world is only 8 years old and has a great deal of growth and evolution ahead. The standard that this market has been gauged by is Bitcoin (BTC) and its value. This has held true but is now being reconsidered by some market participants. Ethereum (ETH) has caught the attention of many due to its adoption as a platform for the operation of an incredible number of new coins or tokens. As this has accelerated in the past few months the dollar notional value of daily transactions of ETH vs BTC has begun to reveal that the ETH daily notional value is often surpassing BTC. This a strong indication that the BTC/ETH value spread will, over time, continue to favor ETH and ETH will therefore appreciate further against BTC as a result of the demand for and trading of coins/tokens on the ETH network.
There are some who predict that over time the value of ETH will actually exceed that of BTC . This is certainly possible but the time it will take to happen is uncertain. Still the indication given from the notional value of daily ETH transactions vs BTC transactions is a good guide for one to overweight ETH in their portfolio over BTC.
So as the dust settles from the current pull back of the crypto markets and the continued influx of investment assets into this space accelerates, Ethereum will raise and continue its appreciation vs Bitcoin.
Perfectly!
I do hope that Ethereum will be as popular as bitcoin. Nowadays I have to change everything to bitcoin 4 it to be usable.