Will Ethereum Ever Surge Past Bitcoin?

As the oldest cryptocurrency, Bitcoin may rightfully lead the other digital assets by market capitalization. However, Ethereum takes second place as the leader of all altcoins. Furthermore, it is currently enjoying a swift surge in popularity and, subsequently, value.

Ether (ETH), Ethereum’s native token, has a market cap of over $500 billion. One unit sells for over $4,000, and some expect it to reach or even overcome Bitcoin soon. This article looks at Ethereum and its chances to take the top spot in the market cap table.

What is Bitcoin?

In January 2009, Satoshi Nakamoto introduced a peer-to-peer electronic cash system that functions securely without a central authority. It is from this idea that cryptocurrency or the concept of money without a physical form was born.

Primarily, Bitcoin is a medium of exchange and a store of value. Its role is to serve as a viable alternative to the traditional currencies used by countries.

Bitcoin has been the de facto cryptocurrency leader ever since. Furthermore, the value of all other cryptos has been evolving with it, as well. As a result, Bitcoin has been the subject of most crypto trades in the past decade.

What is Ethereum?

Ethereum is the second biggest cryptocurrency by market capitalization. Since its inception in 2015, it has been a constant rival to Bitcoin’s supremacy. Today, with a 24h trading volume of over $14 billion, it is one of the most popular cryptocurrencies.

Fundamentally, Ethereum is a decentralized computing platform for application development. In other words, it is a software platform where developers build smart contracts and decentralized apps using a programming language.

Smart contracts work so that once a specific set of predefined rules is valid, a separate output can occur. Ether is the native currency that fuels this platform and aids in application and smart contract development.

Ethereum began as an alternative to Bitcoin and its Proof-of-Work consensus mechanism. However, it had to use the exact mechanism from the beginning. Now, the upcoming upgrade to Ethereum 2.0 should see the platform embrace Proof-of-Stake as its consensus algorithm. Above all, this change should help it surge high enough to overcome Bitcoin.

What Are the Similarities between Bitcoin and Ethereum?

The significant similarity between these two cryptocurrencies is decentralization. Simply put, they are not under the control of a single central authority. Instead, the communities that support their development are the ones who decide their evolutions.

Furthermore, both Bitcoin and Ethereum operate on distributed ledger blockchains, which are inviolable and immutable. This means that other institutions cannot stop or hack them or change their transaction logs.

What Are the Differences Between Bitcoin and Ethereum?

The primary difference between Bitcoin and Ethereum is their functions. For example, Bitcoin provides people with more control over their asset transfers. Also, it gives them the anonymity that central banks cannot offer.

On the other hand, Ethereum serves more as a platform for developing different applications and currencies. It provides a native token, Ether. But it uses it more as a means of exchange and support for developing other projects.

Another significant difference between Ethereum and Bitcoin is their market values. For instance, Bitcoin rides a wave of popularity that takes its price well above $60,000. Also, it helps it keep a market cap above $1 trillion.

On the other hand, Ethereum struggles to trade above $4,000 at the time of writing. Also, its market capitalization has not exceeded $600 billion yet.

Nevertheless, it doesn’t mean that Ethereum can never overcome Bitcoin. On the contrary, Ethereum opened a significant value gap between its current status and other altcoins. From this position, it aims to attack Bitcoin’s supremacy and defeat it.

Is Ethereum better than Bitcoin?

This question doesn’t have a specific answer. As we mentioned above, Bitcoin serves more as a store of value and as a digital currency. So, if you are looking for a long-term investment, BTC is more likely to satisfy your needs.

On the other hand, Ethereum is more of a means for supporting a purpose. So, if you are a developer looking to build a decentralized application, Ether is more suitable than BTC. Of course, you can also hold ETH and gain from its value surge sometimes in the future. However, keep in mind that its value rate doesn’t increase as rapidly or significantly as Bitcoin’s price.

Ethereum is a much faster blockchain platform than Bitcoin. For instance, it can validate a new block once every 12 seconds. On the other hand, Bitcoin confirms a new block once every 10 minutes. So, if you’re looking for speed, Ethereum is a much better choice.

On the other hand, Bitcoin tends to be a more secure network than Ethereum. It has a more established structure and status in the market to defend against hackers. However, they both face scalability issues that need reliable solutions in the years to come.


If you are considering investing in cryptocurrencies, both Ethereum and Bitcoin represent viable solutions. Still, it depends on your investment reasons and goals. In other words, it all boils down to what you wish to obtain from it.

As we mentioned above, both can provide you with a substantial ROI in the long term. However, Bitcoin has the edge in delivering better returns. On the other hand, Ethereum is more suitable for building new apps than as a store of value. So, it can provide you with more active involvement in the crypto space.

Ethereum live price
price change

It will take some time before Ethereum can surge past Bitcoin. And, it will depend on how its upcoming upgrade to Ethereum 2.0 will progress. For now, we can only wait and see.

Stay up to date with our latest articles

More posts

Top 10 Cryptocurrencies in January 2022

Cryptocurrencies had a great year in 2021. In this period, we have seen the market go from being classified as a billion-dollar economy into a trillion-dollar economy. Aside from that, cryptocurrencies are gaining visibility in the mainstream world with, for example, El Salvador's adoption of Bitcoin as the official digital currency. As a result, investors are looking for the "new Bitcoin" on the market, hoping to find a great alternative in so-called altcoins. Unfortunately, many traders value an altcoin exclusively…

Meme Coins: Top 5 Meme-based Projects to Keep an Eye on 2022

Meme coins will continue to gain more attraction in the crypto landscape. Although it hasn’t been long since meme coins came into the spotlight, many investors still think it is an exciting and profitable investment. On the flip side, investors often struggle to choose the best meme coin. Before you dive into the breakdown of the top 5 meme projects, take a look at the fundamentals of meme coin. So, What Makes Up a Meme Coin? A meme coin refers…

Solana vs. Polygon vs. AVAX vs. Algorand

Blockchain-based cryptocurrencies and protocols have had a significant environmental impact. But the efforts to minimize crypto’s carbon footprint will take some time. Still, the good news is that over 4,500 token options exist for investors. Also, they have sustainable and long-term growth potential. In 2022, blockchain cryptocurrencies have made it easier for individuals to perform secure financial transactions. The idea of no intrusiveness from third parties like a bank, court, or monetary authority appeals to users. It is no wonder…

Top 5 Cryptocurrency Projects on Cardano (ADA)

2021 continues to be the defining year for Cardano (ADA). In terms of market capitalization, Cardano rose to the top as the third-biggest blockchain-based platform. As more Cardano projects step into the light, investors are optimistic about the future growth of Cardano. As a uniform ecosystem, Cardano continues to become more flexible, sustainable, and fast. The consistent growth of Cardano has made it possible for projects to be viable and achieve growth without issues. Interestingly, ADA doesn’t share some of…

Top 7 Coins on Binance Smart Chain (BSC) to Watch in 2022

Binance Smart Chain continues its streak of unprecedented growth. Whether it’s token swaps, NFTs, or decentralized markets, BSC supports more than one option to earn significant yield and make the crypto landscape more exciting. Binance Smart Chain is a one-of-a-kind new blockchain with a dedicated environment that supports decentralized and high-performing applications. The cross-chain compatibility of BSC is one of its hallmark aspects. Also, it allows users to reap the benefits of Binance Chain and Binance Smart Chain. But unlike…

Is There An Ethereum ETF?

There’s been a lot of talk about crypto ETFs as of late. Specifically, Bitcoin ETFs. Last month, the very first Bitcoin ETF was launched in the United States. It pulled in over $1 billion in volume in just two days. Most importantly, it was praised for reeling an all-new investor base into the asset class. However, Bitcoin isn’t the only cryptocurrency in town. Ethereum – the second-largest crypto – has also seized the interest and funds of major investors. These…

An Intro to Stablecoins for Beginners

Stablecoins are cryptocurrencies that peg their values to other assets to avoid massive market volatility. When Bitcoin appeared, many investors envisioned it as a means of payment for everyday products like pizza. For instance, Laszlo Hanyecz paid 10,000 BTC for two pizzas in 2010. At that time, BTC’s value was dismal and below one dollar. However, today, the same order would cost someone over $600 million. In the past decade, Bitcoin has increased in value exponentially. However, it was also the…

What Are the Best Altcoins to Buy in 2022?

The crypto market is rising, and everyone's looking for the best altcoins to buy in 2022.  However, cryptocurrencies have an unpredictable nature, which exposes them to intense volatility. As a result, most of them have gone through highs and lows in the past decade. Subsequently, investors have gone from rags to riches and back again in a vicious cycle. Fortunately, as the market is stabilizing, massive price oscillations become rarer. So, investing in a new altcoin may be a successful…

The Beginner’s Guide to RavenCoin

RavenCoin has one of the most fascinating histories in the crypto landscape. This cryptocurrency was born the original Bitcoin fork. As a result, RavenCoin has retained most of BTC's original tech features with slightly new variations. Unlike Bitcoin, RavenCoin uses another algorithm to mine from a slightly average computer. However, its goal is to accomplish the original vision of decentralized Bitcoin and break the traditional energy and hardware barriers in mining. Background and Purpose RavenCoin launched as a Bitcoin fork…

Top Stablecoins to Watch in 2022

Stablecoins are virtual currencies that help minimize crypto market volatility. These crypto-assets are often pegged to the value of fiat money, exchange-traded commodities like gold and silver, or cryptocurrency. These tokens operate on blockchain technology and offer investors more safety than other crypto assets. Over the years, stablecoins have increasingly brewed up a storm in the crypto space. For instance, most of them chose the US Dollar as the primary asset to peg their value and reach global acceptance. Nevertheless, not all stablecoins…