The post Ethereum Set to Outperform Bitcoin in the Next Bull Market, Eyes For $10k appeared on BitcoinEthereumNews.com.

After the approval of the Ethereum ETF which directly holds ether (ETH) is soon going live in the U.S. Meanwhile, crypto analytics firm K33 Research report suggests that ETH ETF could attract $4 billion in inflows within the first five months. K33 Research made their prediction by looking at how much money is managed in existing ETH-based exchange-traded products worldwide, comparing them with similar products for bitcoin (BTC). They also checked how many futures contracts were being traded on the Chicago Mercantile Exchange (CME), which is a big deal for big investors. Ethereum to Outperform Bitcoin Adding to the optimism, a crypto analyst recently tweeted about why Ethereum (ETH) might outperform Bitcoin (BTC) in the second half of this market cycle. They pointed out five main reasons why ETH might be a better investment than BTC. This is especially true after recent changes like the merge, EIP-1559, and the introduction of ETH ETFs. ETH is a more reflexive asset than Bitcoin. But we haven’t seen this expressed just yet in a bull market post-merge, post-EIP1559, and post-ETH ETF. 5 reasons why it’s more reflexive, and why I expect to see ETH outperform BTC in the latter half of this cycle: 1. Ethereum’s… pic.twitter.com/EORGo04LSt — Michael Nadeau (@JustDeauIt) June 4, 2024 Here’s 5 Solid Reasons Lower Operating Costs for Validators – Ethereum’s validators have low operating costs, so they don’t need to sell as much ETH. Bitcoin miners, on the other hand, often sell BTC to cover their high costs. Token Incentives – Bitcoin pays about $43.8 million daily to miners, creating high selling pressure. In contrast, Ethereum pays around $7.2 million daily, resulting in $36.6 million less in potential selling activity. Token Burn Mechanism – With the implementation of EIP-1559, about 80% of user transaction fees are burned reducing overall ETH’s…

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Filed under: News - @ June 5, 2024 5:14 am