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Ethereum (ETH) Price Volatility Remains Similar to Bitcoin's (BTC) Despite DeFi Hype, Skew Analysts Say

News
Tue, 06/23/2020 - 12:06
Vladislav Sopov
Ethereum (ETH) holders have become increasingly confused as the second cryptocurrency remains stagnant amidst insane ETH-based DeFi performance
Ethereum (ETH) Price Volatility Remains Similar to Bitcoin's (BTC) Despite DeFi Hype, Skew Analysts Say
Cover image via stock.adobe.com
Contents

Pale Ethereum (ETH) price gains are nowhere near the splendid performance of decentralized financial service assets. The latest releases of on-chain data insights look like one more cause for concern for Ethereum (ETH) bulls.

Volatility spread inches sub-zero zones

As revealed by the Skew analytic team, which provides in-depth analyses of various processes in the cryptocurrency industry, Ethereum's (ETH) volatility almost matches that of Bitcoin (BTC) despite the situation in both major crypto industry camps being fundamentally different.

Skew: Ethereum (ETH) price is as volatile as Bitcoin (BTC) one
Image via Twitter

Skew analysts announced that volatility on the Ethereum (ETH) options market is only 2% higher than on Bitcoin (BTC) markets. To compare, the yearly average level of this indicator exceeds 10%. 

During the Black Thursday market panic, Ethereum (ETH) was 45% more volatile than its competitor. Some traders, in a semi-ironic manner, noticed that Ethereans wouldn't again have a more attractive opportunity to buy the minimum 32-ETH stake required for validating in Ethereum 2.0.

Fundamentally, the Ethereum (ETH) price has an enormous quantity of catalysts. The upcoming roll-out of Ethereum 2.0, the rapid increase of the gas limit and, primarily, the insane hype around the DeFi segment could make its price go through the roof.

Bitcoin (BTC) doesn't have anything like that. It failed to surge after May 10th, demonstrating only fake 'Bart Simpson' rallies and hasn't managed to stay in five-digit zones for long. Its only anticipated technical milestone, the Schnorr-Taproot cryptography release, may not even be implemented by Q4, 2020.

It's the calm before the storm

However, analysts foresee that Ethereum (ETH) may make up for lost time in the mid-term perspective. Legendary investor Dan Tapiero is predicting an 'explosive upmove' of the Ether price due to strong technological and trading fundamentals.

Also, Dutch cryptocurrency trader and analyst Michael van de Poppe published a couple of charts suggesting that Ethereum (ETH) may reach $300 by the end of the Summer.

Prominent blockchain evangelist from Australia, Alex Saunders, has set even more ambitious targets for Ethereum (ETH). Discussing its prospects with Ethereum (ETH) devs and investors, he suggested that the four-digit level is in the cards.

About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

Ethereum (ETH) Market Cap May Become Equal to Bitcoin's (BTC): ConsenSys Director

News
Mon, 07/13/2020 - 14:38
Vladislav Sopov
John Lilic, managing director at ConsenSys decentralized development studio, has shared an over-bullish prediction for Ethereum (ETH) progress
Ethereum (ETH) Market Cap May Become Equal to Bitcoin's (BTC): ConsenSys Director
Cover image via stock.adobe.com
Contents

John Lilic leads international business development in the ConsenSys leading blockchain development studio. He is also an expert in energy markets and cryptocurrency segments. He tracked the progress of Bitcoin's (BTC) and Ethereum's (ETH) market capitalization statistics, coming up with an extravagant prediction.

Bitcoin (BTC) should get ready for parity

Mr. Lilic outlined that Ethereum (ETH) is showcasing much healthier dynamics than its competitor is. For instance, the flagship cryptocurrency still surpasses Ethereum (ETH) by 6.3x in terms of market capitalization, while simultaneously collecting 20% fewer fees than Ethereum (ETH).

John Lilic of ConSensys foresees parity of Bitcoin (BTC) and Ethereum (ETH) market capitalizations
Image via Twitter

Also, Ethereum (ETH) is demonstrating much more impressive price dynamics this year. It gained almost 37% against Bitcoin (BTC) in 2020. That said, Ethereum (ETH) looks severely undervalued to the top manager of ConsenSys.

However, Ether is on the path to eliminating this discrepancy. Eventually, the top two cryptocurrencies may reach market capitalization parity, concludes Mr. Lilic.

Related Bitcoin (BTC) and Ethereum Have (ETH) Recovered From Black Thursday, Who Else? Coinmetrics Explains
Related
Bitcoin (BTC) and Ethereum Have (ETH) Recovered From Black Thursday, Who Else? Coinmetrics Explains

As covered by U.Today Crypto News recently, Coinmetrics on-chain research team called Bitcoin (BTC) and Ethereum (ETH) the unique crypto behemoths that have managed to recover from Black Thursday.

Bitcoin (BTC) is losing supremacy in "fee race"

Should Ethereum (ETH) overcome its undervaluation, its price may be over $1,550 based on liquid supply and current Bitcoin (BTC) market capitalization.

Recently, it was unveiled that Ethereum (ETH) blockchain continues to surpass Bitcoin (BTC) in terms of network fees for more than 30 days in a row. Ethereum (ETH) is seeing this advantage for the first time in its history.

As U.Today Crypto News reported previously, ex-Messari analyst and angel investor Qiao Wang identifies two main catalysts of Ethereum's (ETH) price run in the mid-term perspective.

Related Ethereum (ETH) Price Two Bullish Signals, According to Investor Qiao Wang
Related
Ethereum (ETH) Price Two Bullish Signals, According to Investor Qiao Wang

According to Wang, the upcoming rally may be fueled by a long-awaited transition to Proof of Stake and fixing the monetary policy of Ether token.

About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)