Why Ethereum Is So Undervalued Compared to Bitcoin In 2020
bitcoinschannel.com
Ethereum is currently undervalued and is poised to increase in the long-term, potentially reaching market cap parity with Bitcoin, some analysts claim. On Monday, John Lilic, who works for blockchain firm ConsenSys, reminded the crypto community that Ethereum is slowly but steadily moving towards market cap parity with Bitcoin, citing an older tweet that he made on January 5.
Lilic noted that the market cap of Bitcoin is now 6.3 times larger than ETH, compared to 10 times at the beginning of the year. However, the chances are that Ethereum might never reach market cap parity with Bitcoin, as it is threatened to be collectively overtaken by other tokens, including ERC20 ones, such as LINK and VeChain.
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