The bitcoin (BTC)-ethereum (ETH) rivalry is hotting up. For years bitcoin has enjoyed a dominant share of the crypto sector, yet with decentralized finance (DeFi) now gaining astronomical popularity and ETH rising by 231% over the course of the past 12 months, it seems as though BTC’s once unassailable position at the top of the stack is now coming under threat.
A small yet significant number of Bitcoiners is becoming worried about ethereum’s strong 2020. Some are fearful that ethereum’s stronger recent performance could impact confidence in Bitcoin or divert capital and adoption away from the world’s biggest cryptocurrency.
However, a range of industry figures and experts have told Cryptonews.com that the “rivalry” between bitcoin and ethereum somewhat overstated. Most believe that each token plays a different role and occupies its own niche within the crypto ecosystem. And many opine that together the two coins will instead complement each other – and help the whole crypto sector grow.