Three Reasons Ethereum Could Be Crypto’s Big Catch-Up Trade
All eyes have been on bitcoin lately – and that makes sense, with its monster rally into six-figure territory. Slipping through the radar, however, is the fact that ether has quietly outrun bitcoin by about 10% since the start of November. And unlike the ol’ bitrocket, the No. 2 crypto is still below its all-time high. So here are three reasons why investors are turning to ether for a crypto-catchup opportunity.
1. Ethereum is still trading at good value (versus most of the crypto market).
Ethereum is by far the biggest blockchain in decentralized finance (DeFi). Data provider DeFi-Llama shows that around 57% of all the total value locked (TVL) now sits in Ethereum smart contracts (blue, in the chart). In other words, more than half…
