The post Which Will Win Q3 2024? appeared on BitcoinEthereumNews.com.

The world’s number one and two leading cryptocurrencies by market capitalization, daily transaction volume, and crypto exchange volume have almost perfectly tied for ROI from Jan. 1 through the middle of June. For comparison, the S&P 500 Index notched up nearly 15% over that same period. But that’s more than the broad stock market benchmark usually makes in an entire year. So even during an unusually good two quarters for U.S. stocks, Bitcoin and Ethereum delivered investors four times more ROI. In other words, Bitcoin broke the government’s investment planning tool. Again. The average annualized ROI for Bitcoin and Ethereum price performance since Jan. 1 is aces. The top two cryptocurrencies are pacing for a +116% year. That’s a return so high that the compound interest calculator tool on Investor.gov does not even allow users to enter interest rates above 100%. By the way— if you enter $100 a month into the calculator for 15 years at an estimated interest rate of 15% (above average for the S&P 500), with a daily compounding frequency, you end up with $68,815 in 15 years for capitalizing your country’s economy with a total of $18,100 in contributions. If you do the same exercise with Bitcoin or Ethereum profits, and just enter 99% for the interest rate – the result is a little different (more like a bajillion dollars). Question is which cryptocurrency will outdo the other in Q3, or will Bitcoin and Ethereum come remarkably close again to earning the same amount of profit for crypto investors in the next half of the year? Here are six salient factors that may be worth considering. Some are more bullish for BTC, some for ETH, and some are a wash between the two blockchain network giants. 1. Fed Dollar Inflation (Advantage Bitcoin) The center of…

---

Filed under: News - @ June 23, 2024 1:02 am