The Ethereum bubble popped in 2018, but 2020 was the year it came back to life. From Moneyweb.
Bitcoin may have grabbed the headlines in 2020 with a price gain of 160% for the year to date, but this pales alongside its smaller brother, Ethereum, which clocked up a gain of 344% so far this year.
Bitcoin’s market cap of $355 billion is more than five times that of Ethereum’s $67 billion, showing the huge gap between the crypto market leader and the number two.
Ethereum price in USD
While bitcoin’s impressive rally in 2020 was driven by Covid-related fears of monetary debasement and growing institutional adoption, ether’s rise came from steady development of the type of ‘smart contracts’ on which its value depends.