COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Ethereum Struggles to Keep Up with Bitcoin
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Ethereum (ETH) > Ethereum Struggles to Keep Up with Bitcoin
Ethereum (ETH)

Ethereum Struggles to Keep Up with Bitcoin

In Brief

  • Ethereum has underperformed Bitcoin by 44% over the past two years.

  • ETH/BTC price is at its lowest level since April 2021, standing at 0.0425.

  • Bitcoin's MVRV ratio is above 14%, while Ethereum's is slightly below 1.16%.

COINTURK NEWS
COINTURK NEWS 8 months ago
Share
SHARE

In the cryptocurrency market, Bitcoin (BTC) $102,751 and Ethereum (ETH) $2,458 remain the largest assets by market value. However, in the past two years, Ethereum’s performance has lagged behind Bitcoin. Both assets have experienced significant price fluctuations, with ETH underperforming compared to BTC.

Contents
Ethereum’s Decline Against BitcoinDifferences Between Ethereum and BitcoinETH/BTC MVRV Ratio Analysis

Ethereum’s Decline Against Bitcoin

According to CryptoQuant data, Ethereum has underperformed Bitcoin by 44% over the past two years. This decline began in the period following “The Merge,” when Ethereum transitioned from a Proof of Work (PoW) mechanism to a Proof of Stake (PoS) mechanism. Since this process, Ethereum has struggled to keep pace with Bitcoin.

The ETH/BTC price is at its lowest level since April 2021, standing at 0.0425. Even positive news, such as the approval of Spot ETFs in 2024, has not been enough to correct ETH’s weak performance against Bitcoin.

Differences Between Ethereum and Bitcoin

Ethereum and Bitcoin have shown different trends in network fees and transaction activities in recent months. Ethereum experienced a drop in network fees after the Dencun upgrade, leading to a decrease in network activity. For example, Ethereum’s transaction count fell from 27 transactions per second in June 2021 to 11, one of the lowest levels since July 2020.

Bitcoin, on the other hand, saw an increase in both transactions and fees during the same period. This increase was driven by developments like Bitcoin Ordinals and Runes, which raised the demand for block space and consequently increased transaction costs.

ETH/BTC MVRV Ratio Analysis

The Market Value to Realized Value (MVRV) ratio, analyzed over two years, highlights the growing disparity between Ethereum and Bitcoin. Ethereum’s MVRV ratio is slightly below 1.16%, while Bitcoin’s MVRV ratio is above 14%. This difference illustrates how much ETH has lagged behind BTC.

According to CryptoQuant analysis, “The MVRV ratio measures the difference between an asset’s current market value and its realized value, revealing investors‘ profit or loss status.”

BTC holders are currently making over 14% profit, while ETH holders are recording over 1% loss.

In light of this data, the challenges Ethereum faced post-PoS transition, along with declines in network activity and fees, have reduced the deflationary pressure on the asset. Conversely, Bitcoin’s recent network activities and rising transaction fees have helped Bitcoin holders maintain profitable positions.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Ethereum Price Surge Thrills Millions as Profit Threshold Nears!

Ethereum Surges with Massive Withdrawals from Centralized Exchanges

Crypto Analyst Warns of Short-Term Correction in Ethereum and Solana

BlackRock Drives Bitcoin and Ethereum Surge: An Unmatched Force in Cryptocurrency

Ethereum Surges After Major Update: What it Means for Crypto Markets

COINTURK NEWS 7 September, 2024 - 5:21 pm 7 September, 2024 - 5:21 pm
Share This Article
Facebook Twitter
Share
Previous Article Investors Brace for October’s Potential Bitcoin Surge
Next Article Short-Term Bitcoin Investors Face Increased Stress Due to Market Pressures
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Watch Ethereum Skyrocket: A Meteoric Rise Outshines Rivals
Altcoin News
Experience Seamless ADA Transactions Directly on the Brave Browser
Cardano (ADA)
New Revenue Model Empowers Coin Creators at PumpSwap
Altcoin News
GDC Boosts Crypto Investments to Enhance E-commerce Ecosystem
Cryptocurrency News
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?