Ether may never catch Bitcoin in terms of market capitalization, but it doesn’t have to as it’s a solid number two in the crypto space.
“A reflection of this, the chart of the spread showing the decline of Bitcoin against the rise in Ethereum has become one of the most popular on Twitter in recent weeks.
Granted, Bitcoin isn’t old.
“In light of this, it is reasonable to expect Bitcoin to share the market’s spotlight with Ethereum for a while longer, during its period of consolidation,” adds Sycamore.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass.