Post
Topic
Board Altcoin Discussion
Re: Why can't the current Ethereum price keep up with the Bitcoin price?
by
prince V
on 20/11/2020, 08:13:25 UTC
Just checked Coinmarketcap and found this circulating supply data:
* BTC: 18,548,487 BTC
* ETH: 113,498,999 ETH

I don't think ETH price will catch up with BTC price because of this reason alone. Not to mention other issues like scalability, centralization, and premine.
Yupz I think so, this is the main reason why eth prices cannot follow the current bitcoin price, unlike 3 years ago where the circulation of eth supply is still not as much as now.
This year will not be the same as 2017 for altcoins especially erc2 tokens, because indeed the current situation in the crypto world is not the same as what happened in 2017.