If you have been following the market lately ethereum has been showing some sign of bullish nature even when Bitcoin was struggling around 47k what can we expect as ethereum finally reaches $4,000 is ethereum taking over the market from Bitcoin what are your opinions on the present cryptocurrency market condition?
ETH is doing great for sure and we all are happy about it. But that doesn't mean that ETH is taking the crown from bitcoin. ETH is going through a change in algorithm and since staking will become the mining process for ETH, people are buying it heavily. It makes complete sense because people now won't have to buy expensive mining rigs, so they are buying ETH now so that they can earn a passive income without doing anything.
But again, that doesn't mean that ETH is taking the crown from Bitcoin. The king always remains as a king.