11-04-2021, 11:29 PM
ETH market cap closing in on 50% of BTC market cap
<!-- SC_OFF --><div class="md"><p>After the recent rally in the price of ETH, the market cap has climbed to an extraordinary $543 billion. With the market cap of BTC currently sitting at $1.193 Trillion, ETH has a MC equivalent to 44.76% of BTC.</p> <p>If the current sustained growth continues as ETH moves forward as a deflationary coin, there is a very good chance that it will pass the symbolic 50% mark, depending on how hard BTC pumps between now and EOY.</p> <p>Either way, that 50% is inevitable and it's at that point that the FOMO will kick in and push ETH to even greater heights - towards $15K.</p> <p>The idea of Ethereum having a market cap of 50% the market cap of BTC seemed a long way away just a year ago, but if the current rate of growth continues for both ETH and BTC, it's likely they will achieve parity before 2030. Possibly even a lot sooner than 2030.</p> <p>For everyone holding ETH, rejoice. Every single one of you will eventually be rich as fuck.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/sandygws"> /u/sandygws </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qmj68x/eth_market_cap_closing_in_on_50_of_btc_market_cap/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qmj68x/eth_market_cap_closing_in_on_50_of_btc_market_cap/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>After the recent rally in the price of ETH, the market cap has climbed to an extraordinary $543 billion. With the market cap of BTC currently sitting at $1.193 Trillion, ETH has a MC equivalent to 44.76% of BTC.</p> <p>If the current sustained growth continues as ETH moves forward as a deflationary coin, there is a very good chance that it will pass the symbolic 50% mark, depending on how hard BTC pumps between now and EOY.</p> <p>Either way, that 50% is inevitable and it's at that point that the FOMO will kick in and push ETH to even greater heights - towards $15K.</p> <p>The idea of Ethereum having a market cap of 50% the market cap of BTC seemed a long way away just a year ago, but if the current rate of growth continues for both ETH and BTC, it's likely they will achieve parity before 2030. Possibly even a lot sooner than 2030.</p> <p>For everyone holding ETH, rejoice. Every single one of you will eventually be rich as fuck.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/sandygws"> /u/sandygws </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qmj68x/eth_market_cap_closing_in_on_50_of_btc_market_cap/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qmj68x/eth_market_cap_closing_in_on_50_of_btc_market_cap/">[comments]</a></span>Kind Regards R