- Bitcoin got the first-mover advantage because it was the first to market in 2009.
- Ethereum also has the advantage but only in the smart contract space.
- ETH is starting to see its moment in the spotlight with the DeFi revolution.
Bitcoin is at the top because it started in 2009. Therefore, it was the first to market, and it got the first-mover advantage. However, Ethereum also has its advantage but only in the Ethereum smart contract space.
In addition, Bitcoin has been getting nearly all the press, the memes, and the capital since it started. But with the decentralized finance (DeFi) revolution underway, Ethereum is beginning to see its moment in the spotlight.
While Bitboy Crypto YouTube Channel Says:
For Ethereum to get its starring role apart from bitcoin has to flip it on market cap, and I firmly believe this will happen in this cycle even if it’s only for a day the implications are enormous. Once that happens, the new process will change. The institutions that are already starting to buy ETH will turn up the buying pressure.
Moreover, Ethereum developers are adding deflationary action to its ecosystem as it moves from proof-of-work to proof-of-stake. Besides, the move to proof-of-stake will also make the usability of smart contracts even faster and cheaper. Thus, it is making Ethereum and all of DeFi more valuable and more accessible.
Ethereum is on a trajectory to surpass bitcoin easily. It will flip it in the cycle, and it will permanently flip it in the next cycle. Soon bitcoin will begin to stabilize, and Ethereum will be the market mover that’s number one at the box office.