Bitcoin is gradually losing market value. At the start of this year, Bitcoin commanded about 70% of the total cryptocurrency market but with the continued surge of ethereum that has dropped to about 47%.
Earlier this week ethereum got to its all-time high after reaching 3,000 and it quickly got to 3200 yesterday which amount to 15% of the crypto market. Ethereum is giving bitcoin a hard chase as it is gradually dropping the market value of BTC. This is expected to continue as many investors are flooding to ethereum.
Yes this is just boggling my mind how quickly Ethereum now gets closer to Bitcoin. But to be honest Ehtereum also deserves it as it really shows how much is possible in a decentralized world. So to say it is the teacher to many other networks and so called competitors.
Without Ethereum we wouldn't be thinking about a lot of stuff that we now deem possible. May it be the Airbnb on a blockchain or many other possibilities. Ethereum got us thinking, and that is why it deserves the appreciation that it is now given.