Ethereum hasn't been over performing against Bitcoin recently. And the dud that was the launch of a handful of Ethereum futures ETF isn't helping with that.
So is the flippeninng cancelled? Is it really fair to say that ETH is underperforming in this bear market? And does that have anything to do with the activity on Ethereum?
That's what we'll try to answer in this quarterly review of Bitcoin vs Ethereum.
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Bitcoin vs Ethereum: the quarterly review
The takeaway
If you pit Bitcoin against Ethereum in this bear market then Bitcoin is the winner. But you shouldn’t be too sad about Ethereum:
It is about one bull run away from realizing the flippening.
It is maintaining its value against Bitcoin.
DeFi which is by far the largest sector of dApps by transaction volume is doing well even in the bear market.
The NFT and gaming sectors are getting hit hard but this is what you expect from the adoption cycle.
My take is that the ratio of reward to risk for buying Ethereum at this point of the bear market is good. If we get another big correction as a result of the upcoming recession that ratio will be excellent.
But let’s see that in more details.
Wen flippening
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