Ethereum’s dominance in the crypto market has been exacerbated by its recent upgrade, which lets Ethereum stakers withdraw their staked cryptocurrency. This has resulted in an influx of new Ethereum stakers and has made Ethereum trading more popular than ever. But does Ethereum have what it takes to end Bitcoin’s dominance?
While Ethereum’s ecosystem continues to expand, Tradecurve and Kava are on the rise, with both predicted to surge in the next month.
Could Ethereum Overtake Bitcoin?
In terms of utility, Ethereum is significantly more useful than Bitcoin. It dominates much of the NFT space and has been used to create thousands of DeFi projects. However, its price still remains significantly lower than that of Bitcoin.
Although Ethereum has greater utility, Bitcoin still remains the most recognized cryptocurrency in the world. It’s become a household name, while Ethereum remains popular throughout the DeFi space. Bitcoin’s widespread appeal has allowed it to become one of the most valuable assets in the world. So could Ethereum really overtake it?
Realistically, such a goal would be ambitious. Bitcoin is not only the number one asset by market cap, but it also determines many of the market trends, with most projects following its price fluctuations.
At the time of writing, Ethereum was trading at $1,822, while Bitcoin was trading at $26,824, a price difference of $25,002. Although it’s likely that Ethereum’s recent update may help to close this divide, its chances of overtaking Bitcoin are extremely small.
Kava’s Price Doubles In May
Kava is a Layer-1 blockchain that’s quickly gaining momentum in 2023. Kava combines the speed of Cosmos with the developer power of Ethereum to offer optimal scalability, security, speed, and developer support.
Over the last month, Kava has increased in price by 2.53%, with Kava trading at $1.20 at the time of writing. Despite being the 66th largest cryptocurrency by market cap, Kava is ranked 16th by daily trading volume, with over $223 million worth of Kava transactions taking place daily.
Given its utility, analysts have become bullish about Kava, with many suggesting an additional price surge could take Kava to $1.50 in June.
Tradecurve Up 20% With Another Surge Imminent
Tradecurve’s presale is quickly gaining momentum, with less than 30% of its second-stage supply left. Having already increased in price by 20% to $0.012, TCRV tokens will increase to $0.015 once stage two sells out, which is predicted to happen by the end of May.
Tradecurve is designed to shake up the exchange market, which has come under criticism in the past few months due to a lack of accountability and transparency. Tradecurve is a hybrid trading platform that lets investors buy crypto and traditional assets at extremely low fees. It’s fully decentralized, allowing for anonymous trading without KYC and background checks.
To help traders get started on their journey, Tradecurve has created an innovative metaverse trading academy. Here, new traders can learn the basics of trading, such as how to place a trade, as well as trading strategies. More advanced traders, however, will be able to take advantage of automated trading and copy trading subscriptions to build their portfolios without constantly researching new trends.
The Tradecurve presale has already been compared to the Binance ICO, which started at $0.11. TCRV tokens are available via the official Tradecurve website for $0.012, with analysts predicting a 50x before the presale sells out.
For more information about TCRV presale tokens:
Website: https://tradecurve.io/
Buy presale: https://app.tradecurve.io/sign-up
Twitter: https://twitter.com/Tradecurveapp
Telegram: https://t.me/tradecurve_official
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.