Last week, when Ethereum soared above $ 3,000 for the first time in history, its market cap surpassed Bank of America’s value, making it one of the thirty most valuable assets in the world. After the growth of the Ethereum rate above $ 4,100, its capitalization amounted to $ 477 against the capitalization of JPMorgan (the largest US bank by assets) at $ 488 billion.
Why has ether become so popular, and is it more profitable to buy it than Bitcoin? Leonid Delitsyn, an analyst at FINAM Group, answered the question of Fortrader magazine.
– There are two reasons for the popularity of ether: firstly, bitcoin is not growing, and secondly, ether is still more affordable than bitcoin.
This is accompanied by an increase in the number of developers of applications on this platform, which strengthens the hopes for the application of this technology in the real economy.