Ethereum has been around since 2015. Basically, Ethereum has been in the shadow of its big brother Bitcoin since then. Whereby brother is actually not quite correct here. In the family network, cousins would probably fit better, because Ethereum was designed differently from Bitcoin from the start. Less as a means of payment or a store of value, more as a decentralized supercomputer, as it is sometimes still called today.
Is Ethereum Emerging from Bitcoin’s Shadow?
The fact is, Ethereum has established itself as a the Platform for smart contracts established and so far no competitor has managed to challenge ETH for the throne. Over the past weekend, Ether, the platform’s utility token, has seen a significant increase in value. In today’s episode of the BTC-ECHO Invest podcast, we want to discuss whether Ethereum can now step out of Bitcoin’s shadow – and maybe even provide a small summer rally in the crypto market. There are some indications that this is the case.
Polygon (MATIC) and Lido (LDO) are attracting
On the one hand, the token of the Lido DAO, i.e. the LDO, has performed excellently in the past few days, but above all Lido Staked Ether has now earned a place in the top 20 of all coins by market capitalization. A bullish sign for passive income demand in the form of Ethereum. At the same time, MATIC was able to deliver an impressive performance.
What do investors have to watch out for?
In the podcast we explain what influence Ethereum could still have on price developments this summer and whether small investors should now invest in Ethereum, Lido, Matic or in something completely different.