Ethereum ahead, Bitcoin slightly behind

Assalamu Alaikum, everyone. How are you? I hope you are well. I am also well, Alhamdulillah. Today, I thought I would talk to you about crypto again. Because August is going to be quite busy in the current market.

Src

Today, the biggest news came from Ethereum. About 1.8 million transactions were made on this network in a day. Honestly, this number is surprising to everyone. Friends, not only that, but about 30% of Ether is now staked. This means that many are now counting on holding Ethereum in the long term. As if everyone is saying, we are optimistic about Ethereum.

Meanwhile, some news has also come about its regulation. The US SEC recently gave their statement on staking to various media outlets. This has started a lot of discussion in the market, maybe an Ethereum ETF may come in the future, where there will be staking. If that happens, then big institutions will also lean more towards Ethereum. Then the Ethereum market will be much better.

But the news of Bitcoin is a little different today. Suddenly, a big investor sold 24,000 BTC, which is worth about $ 2.7 billion! Naturally, the BTC market has collapsed a lot because of this, and many leveraged trades have ended in an instant. Bitcoin's dominance has also decreased, from 60% to 57%. Which is very sad.

Src

Now, many are saying that Ethereum may overtake Bitcoin in the future. But the truth is, everything changes very quickly in crypto. Even if Ethereum is ahead today, Bitcoin may come back tomorrow. There is no guarantee of that.

So friends, I think that patience and a long-term perspective are the most important things to survive in the crypto market. If you are afraid of daily ups and downs, you will lose more than you gain.

What do you think? Will Ethereum really overtake Bitcoin in the future? Or will Bitcoin regain its former position?

We look forward to your feedback.