Ethereum Turns 5 But ETH Price Vs. Bitcoin Never Recovered Since 2018

Ethereum Turns 5 But ETH Price Vs. Bitcoin Never Recovered Since 2018

Gate Trade News Wednesday, July 29, 2020 12 0

The Ethereum network is turning five years old, but ETH price performance versus Bitcoin leaves something to be desired.

 

Ethereum is five years old and Ether (ETH) has surprised investors with a trip above $300 but compared to Bitcoin (BTC), the biggest altcoin is underperforming.

 

As data from on-chain monitoring resource Skew confirms, ETH/USD as a percentage of BTC/USD remains far below its all-time highs.

 

As of Ethereum’s birthday, Ether’s share stood at 3.1% of the BTC price. At its peak in January 2018, the figure was 11%.