RATE Group | ETH is ten times more profitable than Bitcoin in 2020
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ETH is ten times more profitable than Bitcoin in 2020

26 Apr ETH is ten times more profitable than Bitcoin in 2020

Posted at 06:43h in Bitcoin News by

  • Ethereum has gained over 50% of its value since the beginning of the year.
  • ETH/USD bulls set their eyes at critical resistance $200.00.

Since the start of the year, Ethereum investors earned nearly ten times more than Bitcoin hodlers. The second-largest digital asset has gained over 55% in 2020, while Bitcoin is only 6% higher from the first of January 2020. ETH/USD has grown by 4% since the start of the day and become the best-performing crypto asset out of top-10. 

At the time of writing, ETH/USD is changing hands at $196.00. It is moving within a short-term bullish trend amid high volatility. 

Whales stir the market

According to the Wale Alert Twitter bot, large cryptocurrency investors known as whales moved over 1.2 million ETH coins in eight transactions worth $241,774,447 in the recent 20 hours. The fee for each transaction did not exceed $1, and all of them were made from unknown wallets to other unknown wallets.

Such whale activity may be a…

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