RATE Group | Bitcoin’s price at its strongest ever against Ethereum
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Bitcoin’s price at its strongest ever against Ethereum

22 Jul Bitcoin’s price at its strongest ever against Ethereum

Posted at 19:33h in Ethereum News by

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The price of bitcoin has reached an all-time-high when compared to ether, data from TradingView shows. This means more people are choosing to stick with “digital gold” than the “world computer.”

Bitcoin’s strength against Ethereum is calculated by looking at how exchanges value ether against the currency. According to prices on crypto exchange Binance, one ether is worth just 0.021 bitcoin. This is down 82 percent since ether reached its highest point against bitcoin in January, 2018, at 0.123 bitcoin. This shows that ether’s buying value has diminished much more rapidly than bitcoin, which has become a “safe-haven” for investment after altcoin prices have continued to slump.

Part of the problem appears to be that Ethereum has barely scratched the surface of its 5-10 year plan for scaling the network. It has tentatively pegged January 2020 as the start of phase 0 of its scaling plans, but there is a lot of work still to be done.

However, it’s not that Bitcoin…

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