The value of Ethereum will exceed that of Bitcoin and become the forex market in the future.

In the months or even years to come, ETHer could achieve its goal of "killing Bitcoin". The controversy surrounding Ether's (ETH) rapid transitions to a single device has been around for some time. However, over the past few months the concept has received more and more prominent points, and the best evidence is that ETH versus BTC has seen significant growth since October 1.

In November, the monthly value of the BTC / ETH trading pair fell to 60%, its lowest level in 10 years. Additionally, since the start of the year, BTC has risen 105%, while ETH has increased 505%. The best sign of their reign is that the ETH / BTC currency pair continues to gain despite the December decline. Although the value of BTC fell below $ 50,000, the value of ETH / BTC continued to rise and rose by around 13%, peaking in three years.

The growth of the Ethereum market has not been ignored by the major global financial firms, US giant JPMorgan Chase argued in a recent report that ETH may be a better option as BTC for investors, in especially with regard to digital assets. Improvement According to company analysts, ETH has risen five times over BTC last year, making other cryptocurrency markets almost half of Bitcoin.

Another advantage of Ethereum is that many traders expect the network to take a significant foothold in the new Web 3.0 ecosystem. No one can say for sure how the area will change, but ETH will benefit from most of the costs associated with Web 3.0 distribution going forward.

Finally, the recent London upgrade used by the Ethereum network will continue in August 2021, changing the way the GAS value of ETH is calculated, effectively eliminating all ETH costs and creating all supplies of altcoins. we are reducing. Numerically, this reduced the annual increase in the ETH rate from ~ 4% to ~ 3%. In addition, ETH's policy of permanent financial exchanges is to convert assets into loss, making them more attractive to long-term employees and bank accounts. There is therefore reason to believe that the concept of ETH as an independent asset would be further promoted.