HomeBitcoinBitcoin is doing better than Ethereum in 2023. It's leading in market...

Bitcoin is doing better than Ethereum in 2023. It’s leading in market value, selling digital art, and making transaction fees.

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In the last year, bitcoin has become more popular than ethereum in many important ways. Since the start of the year, the value of ether has dropped by 27. 65% compared to bitcoin. It went from being worth 0. 073 ether to 0. 052

Bitcoin is the top cryptocurrency in 2023, doing better than Ethereum in many ways.

Certainly, the most valuable cryptocurrency has outperformed the second most valuable digital currency in many ways. At the end of December 2022, Bitcoin had 40. 1% of the market, and Ethereum had 18. 4% Right now, BTC has 51. 5% of the total value of all cryptocurrencies, while ETH has 16. 6%

In the last year, ethereum has become less valuable compared to bitcoin. In December 2022, the trading rate was 0. 073 ETH for 1 BTC, but now it has changed. On March 23, 2023, the amount of ether dropped to 0. 052, which is 27. 65% less than before. Right now, bitcoin is worth $856 billion, while ethereum is worth $275 billion. This means that bitcoin is worth about 3. 11 times more than ethereum.

New information shows that sales of non-fungible tokens (NFTs) using BTC have been higher than those using ETH. In November 2023, Bitcoin became more popular than Ethereum in this area and stayed ahead for the next 30 days. In the last month, people spent $761,951,324 on NFTs using Bitcoin and $387,167,225 on NFTs using Ethereum.

Also, Bitcoin is still making more money from fees than Ethereum. BTC miners have earned almost $40 million from transactions in the past day, while ETH validators only earned $551,880. Bitcoin is traded more than ether every day. Bitcoin transactions are worth $13. 94 billion, while ether transactions are worth about $9. 58 billion in the same time period.

Although some people expect ether to surpass bitcoin, the current information shows something else. Despite a strong desire to succeed, the numbers show that bitcoin is still the most dominant cryptocurrency, with a much larger market value and higher amount of trading compared to ethereum. Current trends and data show that the “Flippening” probably won’t happen anytime soon.

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