Ethereum Is on Track to Flip Bitcoin — Here’s Why

Data shows that Ethereum will likely overtake Bitcoin in the not-too-distant future.

By Billy Endres

Bitcoin (BTC) was the dawn of an era as far as decentralized technology and revolutionary cryptography. However, not a lot has changed. The King of crypto appears stuck in old ways while technology advances rapidly.

Ethereum (ETH) is dominating the layer-1 blockchain race. It lays the groundwork for thousands of projects and has plans for a greener, more scalable future.

While Bitcoin and Ethereum both play considerable roles in the future of blockchain, they are moving in different directions.

To determine if Ethereum has what it takes to flip Bitcoin, let’s compare the cryptocurrencies through a data-driven analysis of market changes, future use cases and adoption potential.

Market dominance

Market dominance refers to the percentage of the total cryptocurrency market cap a particular coin or token holds — in this case, BTC and ETH.

Investors use this percentage to help identify adoption and utilization rates and to gauge market sentiment.

While Bitcoin was once seen as a haven for periods of market uncertainty, dominance data indicates that this may no longer be the case.

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