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World-renowned bank JPMorgan believes that Ethereum is more reliable, scalable, and stable than Bitcoin. It is now running like clockwork, which can not be said about bitcoin. According to the bank's forecasts, this trend will continue in the future.
The bank seriously sees the superiority of Ethereum in terms of liquidity and turnover. It was a wake-up call for traders and global investors. The main reason for this forecast was the breaking of the $2,750 milestone. Meanwhile, Bitcoin is still marking time at the level of 54-55 000 dollars, and it still can not break the threshold of 60 000 dollars. More and more companies and investors are turning their attention to Ether. More than 50 whales have joined the network, and all this provoked a record growth. If the altcoin continues to gain momentum, and Bitcoin stands still, more large corporations will prefer this over bitcoin.
Most often, Bitcoin is used as an accumulative asset to save their savings, and Ethereum has become a full-fledged crypto structure, in which more whales appear. Ethereum, unlike BTC, is less dependent on the derivatives market. The bank supported this argument, and there is also much more activity in the Ether network, comparing it with the BTC blockchain. It's all the fault of the DeFi protocols. The ether is more highly liquid than bitcoin.
Due to the fact that the Ether is more scalable and less volatile, the cryptocurrency is attracting the attention of more whales and investors, and the growing trend of the Ether is likely to continue. Ether is quite well experienced in moments of chaos and recently exceeded the $2,700 mark. At the time of writing this article, the cryptocurrency is trading at $2,760 and has seen a 4.3% rise. Ether is up about 15% since the last price drop.
BTC is still trying to achieve the important $60,000 milestone set at the beginning of the month. The digital asset is currently trading at around $54,000, as it failed to consolidate at $55,000 the other day.
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