There are many different coins and tokens on the cryptocurrency market. Still, the number one pick for investors is Bitcoin or Ethereum. In this article, we will talk about these market leaders. The easiest and most convenient way to buy cryptocurrencies is via the WhiteBIT exchange; the platform’s second most popular trading pair is ETH USDT.
Bitcoin – The Driving Force of the Industry
This is the first cryptocurrency that spurred the entire industry’s development. The capitalization of Bitcoin exceeds a trillion dollars. Bitcoin is called digital gold, and investors see it as a hedge against inflation. Certainly, this is the most popular coin, but it has a number of disadvantages:
- big fees;
- slow transactions;
- environmental damage (due to mining);
- large capitalisation.
Ethereum – the World’s Decentralized Computer
Ethereum is the second largest cryptocurrency in the world in terms of popularity and trade volume. It can be explained by the following features of the ETH cryptocurrency:
- the ability to buy and sell Ethereum on a variety of cryptocurrency exchanges;
- the rapid rise of the price of ETH in 2017-2018, which made it attractive for investment;
- great prospects for the future.
The ETH crypto was created in 2013 by Vitalik Buterin, a Canadian programmer of Russian origin, in collaboration with Gavin Wood.
Bitcoin vs Ethereum: Comparing Price
As of September 2022, the ETH rate is $1319, and the BTC rate is $19168. So Bitcoin price Ethereum is 14,53. However, this is not the maximum level the ETH coin has ever reached. In November 2021, the price of one ETH reached $4,800. At the same time, in 2015, it cost a little more than $7. The price of BTC has now dropped. BTC’s all-time high was fixed in November 2021, when it skyrocketed to $66,000.