Bitcoin’s rise and popularity is overshadowing the resurgence of a rival digital asset that some believe might one day surpass its predecessor.
Ether coins, which run atop the ethereum blockchain have risen by about 5.7% so far this week, compared against bitcoin’s
nearly 13% run-up over the same period.
However, a plodding rally for Ether
has helped it to post a nearly 292% ascent, set against bitcoin’s roughly 157% gain so far in 2020.
Ether broke above $500 on Friday, marking its highest level in over two years and shining a light on the cryptocurrency that is the second-largest by market value and arguably by popularity in the nascent digital-asset sector. However, as opposed to bitcoin, which was hanging less than 10% from its December 2017, record, ether is still a far cry from its $1,433.
For that reason, some crypto enthusiasts have declared ether a better bet for those looking to dip their toe in the resurgent…