coinpedia.org
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Ethereum ($ETH) will flip Bitcoin ($BTC) by the market capitalization in the next five years.
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$ETH looks bullish and could reach the $3,000 level in the coming days.
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$ETH’s trading volume has jumped by 40%, indicating higher participation from traders.
The overall cryptocurrency market has turned bullish after the potential interest rate cut announcement by Fed Chair. Amid this uptrend, Nick Tomaino, a crypto expert and the founder of 1Confirmation, published a report on X (previously Twitter) stating that Ethereum ($ETH) will flip Bitcoin ($BTC) by the market capitalization in the next five years.
$ETH to Flip $BTC in Market Cap
This post on X has gained massive attention from the crypto community due to the market cap of both $ETH and $BTC. According to Coinmarketcap, $BTC’s market cap is around nearly $1.2 trillion whereas, the $ETH market cap is nearly $321 billion, about four times lower than $BTC’s.
Currently, $ETH is trading near $2,760 and has experienced a price surge of over 3.5% in the last 24 hours. Meanwhile, its trading volume has jumped by 40% during the same period, indicating higher participation from traders following the rate cut announcement.