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Blockstream partners with finance company Macquarie to develop zero-emission bitcoin mining facilities

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								Blockstream partners with finance company Macquarie to develop zero-emission bitcoin mining facilities

Blockstream, the blockchain-focused company led by Adam Back, will develop and operate zero-emission Bitcoin mining facilities with the first construction in North America. The company’s initiative will come to life through a partnership with an Australian multinational independent investment bank – Macquarie Group.

  • The Canada-based blockchain company continues its efforts to minimize the environmental damage caused by mining Bitcoin.
  • The latest initiative comes through a partnership with Macquarie, an Australian financial services giant with over $ 400 billion in AUM.
  • Both sides will work on zero-emission Bitcoin mining facilities with the first to see the light of day in North America. The statement did not provide a precise time frame in which it will be operational, but said the initiative has “the potential to scale gradually as the green energy infrastructure is implemented.”
  • This is Blockstream’s second announcement regarding the development of green mining facilities for Bitcoin in recent months.
  • In June of this year, CryptoPotato reported when the company partnered with financial services giant Jack Dorsey Square to launch a solar-powered BTC mining facility in the United States.
  • In addition, the company recently raised $ 210 million to use the funds for the production of mining chips. Therefore, its total valuation exceeded $ 3 billion.
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GoCrypto expands mainstream reach and ease of use by integrating Binance Pay

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GoCrypto expands mainstream reach and ease of use by integrating Binance Pay

GoCrypto, a solution that enables merchants to accept, store, withdraw and buy cryptocurrencies, has been announced The integration of Binance Pay into the GoCrypto system gives crypto users more options to use crypto as the intended mainstream payment method.

the GoCrypto Solution developed by Elly – a fully regulated company, is currently available in 64 countries and will expand into new markets as regulations evolve and allow. GoCrypto enables online and brick-and-mortar merchants to accept instant payments using various crypto wallets.

The integration of Binance Pay into the GoCrypto payments network enables tens of millions of Binance app users to use over 40 Binance Pay supported cryptocurrencies at thousands of GoCrypto locations around the world. Elly, the GoCrypto developer, also presented the Multi-chain bridge for its native GoC token, which enables migrations between the SLP protocol on the Bitcoin Cash blockchain and the Binance Smart Chain (BSC).

Contactless. Limitless. Secure.

GoCrypto already has its home country Slovenia the world market leader in the number of brick and mortar stores and services that accept payments with crypto wallets, and shows that this can hugely benefit the retail space and customer experience.

As Elly’s CEO Dejan Roljic says:

Interest in using crypto is growing daily and our solution enables crypto users to use the currencies as they are intended as a very practical means of payment. The connection between our system and the users of Binance will advance the ease of use and adaptability of crypto. The integration of Binance Pay into the GoCrypto network means instant access to GoCrypto locations for tens of millions of Binance users and much more. It’s a powerful sign of the digital age. Newer, better and faster payment options optimize merchants’ costs and increase their cash flow.

Changpeng “CZ” Zhao, CEO and Co-Founder of Binance, commented:

“The ultimate goal of cryptocurrencies is not only to offer investors an alternative asset class, but also to offer alternatives to fiat currencies for everyday purchase. By partnering with GoCrypto, Binance Pay is taking a step forward in bridging the gap between traditional financial systems and the crypto ecosystem, making the adoption of crypto for payments much easier. “

About Binance

Binance is the world’s leading provider of blockchain ecosystems and cryptocurrency infrastructure with a financial product suite that includes the largest volume exchanges of digital assets.

Trusted by millions of people worldwide, the Binance platform is dedicated to increasing the freedom of money for users and offers an unmatched portfolio of crypto products and offerings, including trade and finance, education, data and research, social goods, investment and incubation, decentralization and infrastructure solutions and more. For more information visit: https://www.binance.com

About Binance Pay

Binance Pay is a contactless, limitless and secure cryptocurrency payment function from user to user in the Binance app with more than 40 supported cryptocurrencies.

Binance Pay allows users to pay, send and receive crypto payments around the world without incurring any fees. Binance Pay also enables merchant-based transactions, so users and merchants can choose their preferred payment options.

GoCrypto, the fastest growing crypto payment network in the world

GoCrypto acts as a global payment system that connects crypto users, wallets, exchanges, point of sale systems, payment solution providers and merchants.

It enables merchants with brick-and-mortar or online shops to accept instant crypto payments from various crypto wallets with millions of users and receive a settlement in their local fiat or crypto. GoCrypto is available as a Stand-alone solution for online and brick-and-mortar retail or as a solution within the Elly POS terminal.

Via GoCrypto tokens

The GoCrypto (GoC) token is a multi-chain utility token that is issued on the Bitcoin Cash (SLP) blockchain and the Binance Smart Chain (BSC) through the newly “built” one. GoC bridge, soon to be Solana (SOL).
GoC is built into all Elly applications and services and is used for payments on the GoCrypto platform and in the loyalty program.

Contact

For more information on GoCrypto and its developer Elly, please contact us at [email protected].

Disclaimer: This is a paid post and should not be treated as news / advice.

Billionaire Evan Luthra invests in DeFi project based on Solana

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Billionaire Evan Luthra invests in DeFi project based on Solana

Evan Luthra is a prolific angel investor who has been in the crypto space since 2014 and is the early discoverer of Eaze.com (the fastest growing on-demand tech company in 2016) and Wheelys Cafe (1000+ coffee shops in 40 countries ), recently seeded by Hashgraph.com (The Billion Dollar Cryptocurrency), Admix.in (Biggest Gaming AD Publisher), JoshTalks, FTcash, and more.

The leading entrepreneur delighted many when he left his first company in the seven-figure range and at the same time the TedX Stage at the age of 17. Evan is a successful keynote speaker with hundreds of speeches around the world for organizations like the United Nations, Nielsen, Google, Blockchain Life and many more.

Evan has over too 2 million followers on Instagram (Instagram.com/evanluthra), where he gives daily tips on investing in crypto markets. There will be strong synergies between Evans portfolio companies, the industry network and the Soldex.ai ecosystem.

Above Soldex.ai

Soldex.ai is one of the first fundamental decentralized exchanges (DEX) based on Solana. Soldex.ai enables users to conduct peer-to-peer transactions in a safe and reliable manner, with liquidity provided by the users.

Third generation cryptocurrency exchange that aims to use advanced machine learning and neural network algorithms to solve the current problems of decentralized exchanges in terms of order matching, centralized exchanges and trustworthy custody.

website | Twitter | telegram | middle

Disclaimer: This is a paid post and should not be treated as news / advice.

Bitdeer Group: The world’s leading all-inclusive service provider for mining digital assets

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Bitdeer Group: The world's leading all-inclusive service provider for mining digital assets

Bitdeer Group is a leader in the crypto space with services that include reliable mining machine sharing, compliant global mining infrastructure, and efficiency-enhancing smart mining service.

Bitdeer Group was founded by renowned crypto pioneer Jihan Wu, the co-founder of Bitmain and Matrixport, which provides mining-related services to individuals and corporate clients worldwide. Bitdeer Group is headquartered in Singapore and has offices in North America, Europe and other regions.

The Bitdeer Group aims to become the world’s most reliable provider of digital asset mining services. It offers three business areas – Bitdeer, Mining Datacenter and Smart Mining Service. Bitdeer Group develops market-oriented strategies and integrates resources for high-quality services and important steps in its global operations.

Together, these industries reflect the professional development of the Bitdeer Group as well as its drive to continuously cultivate authentic and trustworthy services for participants in the blockchain space. “In the long term, the blockchain industry is optimistic and is undeniably the greatest opportunity for both investors and developers. The innovations in this industry could even surpass those with the advent of the Internet. “ said Jihan Wu, chairman and founder of Bitdeer Group.

Mining and acquiring digital currencies are complex processes, but there are ways to get re-minted cryptocurrencies without having to grapple with technical intricacies. Whether you’re a crypto-curious newbie or a long-time believer, mining machine sharing, mining data centers, and Bitdeer Group’s mining management platform weave together a seamless, easy acquisition strategy for any user around the world. “Bitdeer Group has made arrangements to adapt to developments in the mining sector and changes in the marketplace,” said Matt Kong, CEO of Bitdeer Group.

One-click mining with the world-class service from Bitdeer

As the world’s first platform to offer true hash rate capacity at a base rate of 1TB, Bitdeer offers easy hash rate traceability, direct payouts from the mining pool, and customizable service plans with a convenience that allows anyone to take advantage of mining. Bitdeer offers support for 10+ cryptocurrencies – including Bitcoin, Ethereum, Zcash, Litecoin, and Doge – and offers a variety of choices to suit both short- and long-term wealth creation goals.

In addition, Bitdeer’s service verticals include Cloud Hashrate, Cloud Hosting and Hashrate Market for private customers, as well as institutional customer service. Bitdeer’s cloud service is convenient for anyone anywhere in the world.

Bitdeer currently has hundreds of thousands of mining machines in use in Europe and North America, with monthly traffic of over 3 million visitors as confirmation of long-term customers.

Energy-efficient mining data centers with a global footprint

Mining Datacenter was the first company to develop standardized, professional mining facilities and provide cryptocurrency mining services to global partners, drawing on eight years of experience in this area.

This includes site selection, system planning, construction, maintenance and general technical support from a single source. The team comes from Bitmain’s former mining division.

To date, more than 30 mining data centers have been set up for own and customer use as well as for partner locations around the world. Bitdeer’s basic infrastructure is supported by sophisticated mining data centers in various parts of the United States and Norway. These systems can work optimally under different climatic conditions and network different forms of power supply.

Overall, mining data centers have the significant total mining capacity in the world. The US facility is one of the largest of its kind in North America. In addition to the focus on full compliance with legal requirements, mining data centers pave the way to 100% renewable energy.

Increased efficiency with Smart Mining Service

As an integrated smart mining service from the Bitdeer Group, it offers a uniform platform for the monitoring and control of the infrastructure and gives the miners the opportunity to solve problems they may encounter during their regular operations and to achieve the highest efficiency.

Dating back to Bitmain’s Antsentry team, it helps miners resolve issues they may face during the mining operation for the best efficiency

This proprietary infrastructure software suite is used to regulate extensive hardware asset operations across continents. The platform supports miners in preventing and solving problems that may arise in daily operations. It can increase efficiency by up to 100% while eliminating the need for human intervention for large mining operations by 50%.

The platform includes automated monitoring functions, batch management functions, security functions, data-driven analyzes and processes for managing energy and electricity meters. The platform is calibrated to interlock with all major mining rig models and pools for maximum impact in any context.

The Bitdeer Group aims to become the most reliable provider of digital asset mining services in the world

With more than 300 employees spread across facilities around the world, Bitdeer Group is globally dispersed, ensuring risk resistance and versatility that enables stable mining 24 hours a day, seven days a week.

It is all the more important to bring together diverse cloud services with their infrastructural backbone and the intelligent management and maintenance platform for cutting-edge mining services.

With a philosophy rooted in the origins of blockchain technology and cryptocurrency, Bitdeer Group is prepared to serve clients seeking stable, reliable crypto financial growth.

About the Bitdeer Group

Bitdeer Group is the world’s leading provider of digital asset mining services. It was founded by Jihan Wu, a renowned pioneer in the crypto industry, along with Sequoia Capital, IDG and other well-known investment institutions in the blockchain space.

Bitdeer Group was founded in 2020 with its headquarters in Singapore and offices in the US, Europe and other countries and regions. Under the group are currently three business areas – Bitdeer, Mining Datacenter and Smart Mining Service.

Together they provide a full range of mining services including mining equipment sharing, mining infrastructure construction, and mining operations management.

For more information, please contact the Bitdeer Group:

website: https://bitdeergroup.com/

Business contact: [email protected]

Media contact: [email protected]

Disclaimer: This is a paid post and should not be treated as news / advice.

C-Trade: $ 240,000 Prize Pool! Win big with the USDT Futures Campaign 2021

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  C-Trade: $ 240,000 Prize Pool!  Win big with the USDT Futures Campaign 2021

There is good news for loyal users of C-Trade, one of the best cryptocurrency derivatives exchanges in the world. You will love it even if you are a new user. In just 5 days, C-Trade will be ready to launch new futures trading pairs. Not just one, but four perpetual USDT trading pairs – BTCUSDT, ETHUSDT, DOGEUSDT and XRPUSDT.

Additionally, C trade also offers campaigns and a trading contest to encourage both new and existing users to trade with these couples. For those of you interested in trading crypto derivatives, the campaign is sure to be exciting as it runs over six weeks, from July 30th to September 20th.

With crypto derivatives trading becoming the next hottest thing in the crypto space, it’s no surprise that several top exchanges are now offering innovative derivatives products and trying to attract a larger audience. In terms of its new campaign and giveaway, C-Trade is clearly ahead of its competition as its main purpose is to help its users and help them maximize their returns.

Here is everything you need to know about the campaigns.

It’s raining freebies at C-Trade. Sign up to win a $ 2000 trading bonus

Are you wondering how you can win prizes without any additional effort? This campaign is exactly what you need. C-Trade is now offering a guaranteed special trading bonus to all users who make a deposit between August 19, 2021 and October 10, 2021. Trading bonuses will be automatically credited to user accounts within 14 working days of the end of the trading contest period. accession C-Trade Telegram Group to find out more!

$ 240,000 prize pool! Fantastic rewards in the C-Trade USDT Futures Trading Contest

And finally, C-Trade also holds a trade competition. The competition will take place from September 15, 2021 to October 10, 2021. The prize will be distributed 14 days after the end of the competition and the prize amount will be credited directly to the winner’s C-Trade account. Participating in the competition is quite easy as all you have to do during the competition period is to act and automatically become a participant. All existing and new C-Trade users who make a deposit between August 19th and September 30th will also receive a guaranteed special trading bonus as part of this competition.

To qualify for the contest, users must have deposited at least $ 200 USDT in Mark-to-Market (MTM) balances at the time of the contest period. cash here for the details.

diploma

For crypto derivatives traders, the introduction of the new perpetual futures trading pairs, giveaways, and trading competition are sure to be exciting news. To learn more about the eligibility and entry criteria for the giveaways and competition, visit the official C-Trade website or contact the support team.

Disclaimer: This is a paid post and should not be treated as news / advice.

Buy The Dip: The third largest Bitcoin wallet just bought $ 23 million in BTC

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								Buy The Dip: The third largest Bitcoin wallet just bought $ 23 million in BTC

The third largest bitcoin wallet has been busy buying the drop. During the current market crisis, the whale entity added nearly 500 BTC to its stash.

  • The mysterious third largest Bitcoin whale bought 490 BTC when it traded hands at around $ 46,800 in a transaction with a face value of $ 23 million.
  • WhaleAlert reported that it took place on September 8 at 00:05 GMT and that the coins were moved from the US-based cryptocurrency exchange Coinbase.
  • As of press time, that whale still holds 4,000 BTC more than its all-time high of $ 65,000, bringing its value to $ 5 billion.
  • CryptoPotato reported on Aug 27 that this BTC whale has also amassed more Bitcoin with two purchases. One of them was 466 bitcoins at the $ 47,400 level. The previous was on August 26 with a modest 38 BTC transaction, for a purchase worth $ 23 million at today’s prices. All trades were made from a Coinbase wallet.
  • The whale maneuver came after the recent bloodbath experienced by the cryptocurrency market, the same day that El Salvador became the first country in the world to make Bitcoin legal tender.
  • Unfortunately, the market has lost over $ 330 billion from its total capitalization, making it one of the worst days since May 19th.
  • Altcoins also followed the same path, with the top ten coins plummeting across the board, with the exception of Solana (SOL), which managed to stay positive on a weekly basis despite the sell-off.
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XRP, VeChain, Dogecoin price analysis: September 8th

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XRP, VeChain and Dogecoin Price Analysis: 08 September

Following broader market trends, XRP, VeChain and Dogecoin have seen significant losses over the past 24 hours. XRP reversed its weekly earnings after falling 202.2%. VeChain traded below its weekly low after falling more than 20%. Dogecoin eyed its monthly low price of $ 0.209.

XRP

XRP, VeChain and Dogecoin price analysis: September 8th

XRP / USD, TradingView

XRP traded at $ 1.08 after falling below the $ 1.19 support line. Over the past 24 hours, the altcoin has seen a 20.2% decline. At the current price level, it reversed its one-week gains. The immediate level of support was $ 0.93. Technical indicators pointed to a negative price development.

MACD red bars are displayed in the histograms. Great oscillator showed red signal bars and a green signal bar towards the end, as the last trading session was green at the time of going to press. Bollinger bands remained divergent, suggesting that prices could experience high volatility during the next trading sessions.

On the flip side, XRP could plunge above the $ 1.19 price cap, after which it could attempt to retest the $ 1.30. If the coin manages to trade above $ 1.30 for more than just a few sessions, XRP could hit its four-month high at $ 1.39 again.

VeChain (vocational training)

XRP, VeChain and Dogecoin price analysis: September 8th

VET / USD, TradingView

VET managed to stay above its immediate support of $ 0.109 as it traded at $ 0.117. Over the past day, the coin has dropped over 20%. VET’s current prices were below their weekly lows.

If it continues to move down, the altcoin could drop to $ 0.098, marking its one-month low.

Relative Strength Index was below the center line, although the coin made a revival to stay above the oversold zone. MACD flashes red bars in its histogram while Great oscillator Red signal bars to be observed in the correspondence.

A price rally could cause VET to plunge above its $ 0.124 resistance level. Additional price caps expected the altcoin at $ 0.139 and then at its multi-month high of $ 0.154.

Dogecoin (DOGE)

XRP, VeChain and Dogecoin price analysis: September 8th

DOGE / USD, TradingView

Dogecoin fell 16.8% in the past 24 hours, trading at $ 0.248. It fell below its $ 0.270 support line and with another downtrend it could hit its monthly low of $ 0.209. Key indicators reflected a downward trend in the market.

MACD observed red bars in his histograms after a bearish crossover. Relative Strength Index was below the half-line trying to revive and move over the oversold area. The indicator was at a multi-month low.

Chaikin money flow stayed below the midline suggesting a decline in capital inflows. If buying pressure resumes, the altcoin could break the $ 0.270 resistance level and then trade near the $ 0.307 price cap. Successfully plunged, which could hit its multi-month high of $ 0.343 again.

Bitcoin Cash, NEO, IOTA price analysis: September 8th

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Bitcoin Cash, NEO and IOTA Price Analysis: 08 September

Following the Bitcoin and Ethereum price action, altcoins such as Bitcoin Cash, NEO and IOTA saw sharp drops on their respective charts. Bitcoin Cash hit its multi-week low of $ 598.80 after falling 13.8%. NEO fell sharply 21.5% as it neared its one-month low of $ 41.16 and IOTA declined 9.2%.

Bitcoin Cash (BCH)

Bitcoin Cash, NEO and IOTA price analysis: September 8th

BCH / USD, TradingView

BCH was down 13.8% in the past 24 hours to trade at $ 661.30. The altcoin broke the $ 694.84 floor and approached a four-week low of $ 598.80. Its technical chart indicated a bearish price move.

Relative Strength Index was below the midline as buying pressure was at a two week low. MACD red bars are shown in its histogram. Great oscillator noticeable red signal bars.

In a reverse scenario, the resistance level for BCH was $ 694.84 and then $ 735.05. After beating the above price levels, BCH could hit its all-time high of $ 793.76.

NEO

Bitcoin Cash, NEO and IOTA price analysis: September 8th

NEO / USD, TradingView

NEO fell 21.5% in 24 hours, trading at $ 48.30. It fell below its support level of $ 49.45 and moved towards $ 41.16; This was the one-month low for the coin. The parameters for the coin remained bearish at the time of writing.

MACD flashed red bars in his histogram and correspondence Great oscillator red signal bars displayed. Chaikin money flow stayed below the half-line as capital inflows declined.

On the flip side, NEO could try to break the $ 56.27 price mark and then hit the multi-month high of $ 65.86 again.

JOTA

Bitcoin Cash, NEO and IOTA price analysis: September 8th

IOTA / USD, TradingView

IOTA was trading at $ 1.53 after down 9.2% in the past 24 hours. If it continues to move down, it could trade near the $ 1.34 floor. Failure to hold above the above levels, IOTA could move down to trade at its weekly low of $ 0.956.

On the 4-hour chart, the candlesticks were below the 20 and 50 SMA, suggesting that the coin’s momentum was in favor of the sellers. MACD observed red bars on his histogram. Great oscillator noticed green signal bars after a series of bearish bars as recent trading sessions were in the green.

In the event that IOTA continues to trade in the green, the immediate price level is 1.70 USD. If it fell $ 1.70, it could hit the $ 1.83 level again and then retest its four-month high at $ 2.00.

Binance Coin, MATIC, Waves Price Analysis: September 8th

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Binance Coin, MATIC, Waves Price Analysis: September 8th

When Bitcoin and Ethereum collapsed, many altcoins followed suit. Binance Coin, MATIC and WAVES fell sharply in their charts. Binance Coin traded near its multi-week low of $ 386.83 after plummeting 17.1%.

MATIC fell below its one-month support line of $ 1.38 after falling 20% ​​since yesterday. WAVES was also positioned below its one-week low of $ 27.05.

Binance Coin (BNB)

Binance Coin, MATIC and Waves price analysis: September 8th

BNB / USD, TradingView

The BNB plunged 17.1% in the past 24 hours to trade at $ 410.15, near its multi-week low of $ 386.83. The technical indicators were in decline at the time of writing.

Relative Strength Index was positioned below the oversold zone despite the cryptocurrency trying to recover from the oversold condition. The indicator was at a multi-month low. MACD red bars are displayed in its histogram.

Bollinger bands strongly diverges, an indication that prices can expect high volatility. If purchasing power rebounds, the NBB can find immediate resistance at $ 433.54. The additional resistance levels were at $ 460.42 and then at its multi-month high of $ 517.02.

Polygon (MATIC)

Binance Coin, MATIC and Waves price analysis: September 8th

MATIC / USD, TradingView

MATIC slumped a whopping 20% ​​in the past 24 hours and was valued at $ 1.30. It broke below its nearly month-long support region of $ 1.38. The next level of support was at $ 1.08.

The asset was trading below its 4 hour 50 SMA, indicating a strong trend. Other key technical indicators also pointed to negative price developments.

Relative Strength Index was parked within the bearish zone although the coin rebounded slightly and stood above the oversold area. MACD red bars are displayed in its histogram.

Chaikin money flow also matched the easing pressure as it was below mid-line after a decline in capital inflows.

On the other hand, MATIC can cross the price cap of $ 1.38 and then trade near the price level of $ 1.53. If it crashes above the aforementioned resistance level, it could hit its multi-month high of $ 1.77 again.

Waves (waves)

Binance Coin, MATIC and Waves price analysis: September 8th

WAVES / USD, TradingView

WAVES is down over 10% in the past 24 hours and was valued at $ 25.78. It broke below its $ 27.05 support level.

At the current price level, WAVES is trading at a weekly low. Another decline could mean the altcoin was trading near its four-week low of $ 22.41. The additional support level was $ 18.24.

The indicators remained declining as the Relative Strength Index stood below the half-line. The buying pressure remained significantly low. MACD red bars flashed on his histogram.

Great oscillator showed a series of red bars but also a green signal bar as the previous trading session of the asset was green. If prices move higher, the first resistance level for WAVES will be at $ 27.05 and then hit the multi-month high of $ 30.77 again.

Ethereum is unlikely to flip Bitcoin unless this condition is met

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Ethereum is unlikely to flip Bitcoin unless this condition is met

Most of the crypto space is split between Bitcoin and Ethereum, and they could be forever. The debate over Ethereum Flippening Bitcoin is ongoing and there are some people who will never give in to reality. What is the reality you are asking? Well, that’s what we answer here once and for all.

Ethereum or Bitcoin – who is at the top?

If you are not aware of what the “flip” is, it is actually hypothetical. One where Ethereum’s market cap is finally overtaking Bitcoin’s market cap on the charts.

Now, if you look at the numbers, according to many, it doesn’t look like it’s going to happen. In fact, this is true in many ways, especially since ETH’s market capitalization is only 50% of the value of Bitcoin.

Ethereum vs. Bitcoin Market Cap | Source: Coinmetrics – AMBCrypto

Furthermore, this discussion would be credible if their networks had operated in a similar and competitive manner. Bitcoin is primarily a store of value. On the contrary, Ethereum is bringing blockchain technology and decentralization into the hands of every person.

ETH has more competition from other networks like Cardano than from Bitcoin.

In the past, the ICO boom has managed to bring ETH close to BTC. For now, however, despite the swelling DeFi and NFT space, it is still a long way off as their growth is correlated.

Ethereum’s ICO phase has significantly closed the gap | Source: Ecoinometry

However, ETH could build a dominance in this area, as 6.3% of its circulating offerings are already tied up in ETH 2.0, which aims to make it a more scalable and sustainable network.

Ethereum has blocked over 7.4 million ETH in 2.0 contracts | Source: Glassnode – AMBCrypto

If not now, is that ever possible?

Even if we look at it for the sake of reasoning, ETH BTC might only turn around if its growth trajectory manages to defeat bitcoins. In the past cycle, BTC’s growth reached 29.5 times while that of ETH reached 120 times. Well these are good numbers and when you factor in the data from the past, it could look like ETH could flip BTC right?

Except for this cycle, if Bitcoin actually grows 29.5x, BTC would be twice the market cap of Apple and half that of gold. While ETH even at 120x would still only correspond to Apple’s MC.

Bitcoin and Ethereum growth course | Source: Ecoinometry

ETH would have to grow at least 400 times to become a threat to Bitcoin.

The good thing, however, is that the market for both coins will not experience random crashes as this growth is steady. But for now and forever this discussion is pointless as Ethereum is not going to flip Bitcoin.