Since Bitcoin started gaining popularity in 2013, a number of other cryptocurrencies have surfaced, trying to take a bite out of this emerging market, valued in billions. Among the various digital currencies introduced, Ether or Ethereum has gradually solidified its status as the second-most popular cryptocurrency – and is still gaining popularity. But where are these two currencies headed? Here’s a breakdown of the differences, similarities, and possible future directions.
Despite not being close to Bitcoin’s over $1,700 value, Ether has been growing impressively in recent months.Ether has registered incredible climbing from a little under $10 to just over $90. The most recent price spike could be attributed to the SEC’s decision denying a Bitcoin-based ETF, which drove some investors to buy Ether as an alternative.
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