It seems like Ethereum will reach a new ATH the second time again, hours back I read news that whales are investing 500million dollars on ETH which is a good plan that they are preparing for PoS algorithm rewards, the adoption rate looks way higher than BTc or am I wrong?
I think, entering the big whales who invest their money in ETH is a good plan for ETH
and it is possible that ETH will reach new ATH for the second time this year. this will further strengthen their position as a competitor to btc.
however to surpass btc adoption rate i think it is not yet, btc is very solid as a crypto ruler. Until now, BTC is still the benchmark price for altcoins.
For example: if the price of btc goes up, the altcoins will also go up, and vice versa.
the price of btc can still greatly affect the price of altcoins in crypto. BTC operates on a network of thousands of computers on a blockchain or transaction log ledger like some cryptocurrencies. Bitcoin is trading around $33,000 with a current market cap of 596.82 billion.
There is no doubt that Bitcoin is the most popular cryptocurrency to date.