Bitcoin or Ethereum – Which One Is Better Investment in 2022? – Coinpedia – Fintech & Cryptocurreny News Media

Amid the broader market’s recovery, the price of Bitcoin soared to hit a weekly high above $30,700.

According to a recent video broadcast by Altcoin Daily, Bitcoin is currently breaking history by falling for 9 weeks in a row. So there will be a bounce eventually, somewhere, at some point.

Let’s take a closer look at Bitcoin vs. Ethereum to see which cryptocurrency would be the best fit for you.

Bitcoin dominance and bear markets

Isn’t everyone aware of Bitcoin’s domination in the bear market? Despite the fact that Altcoins are performing better, BTC continues to dominate the chart during the bear cycle. So, on a weekly scale, BTC supremacy from around 2016 to where it is now in 2022.

Going back in time, you can see that in 2016 there was a bull market that lasted until the very end of 2018. So, in the Bull market, BTC dropped from around 95 percent dominance to just 35 percent dominance over the next two years.

The analyst dug up data from 2018 to 2022 to answer this query.

To be more specific, he stated that during the bear market, there were positive signals of BTC dominance, rising from just 35% at the end of 2017 to over 70% at the beginning and even at the end of 2020, before the bull market occurred, sending BTC dominance back down to 39%.

And it was at this point that the Bull market reached its apex.

Even though altcoins are currently down 40, 50, and even 70 percent, one can always think that this is just the beginning of BTC supremacy. The pattern shifted dramatically. In order to maintain the trend, you should keep a close eye on it.

What’s Next For Ethereum?

On the chart, Ethereum is next. As per the daily chart, this is the second most popular altcoin. Let’s talk about Ethereum number two, which has a 17.1 percent market share. Clearly, a significant portion of the market. Heath is gaining ground against cryptocurrencies, but it is losing ground against Bitcoin.

So, while it is a strong contender in terms of market share, it still falls short of Bitcoin. 

ETH 2.0, the upgrade can be a game-changer! 

But let’s get particular since there’s something new this cycle that hasn’t been there in previous cycles: the number of gaps, use cases, and activity on the Ethereum network, not to mention the ETH 2.0 upgrade, which is happening this year. The enhancements to Ethereum’s platform may make it more enticing and sustainable for mass usage, but experts are waiting to see how investors and companies who create tech on Ethereum’s platform react to the changes.

Who is more valuable Bitcoin or Ethereum in 2022? 

Let’s talk about what everyone needs to do right now with their crypto. So, which is a better bet: Bitcoin or Ethereum?

Referencing the BTC chart, it can be seen that Bitcoin ran in 2020, following the Pandemic fall. Bitcoin performed well in years 20 and 21, but its control eroded substantially in 2021 as all coins ran. But it wasn’t always like this. When you look at BTC’s dominance from the end of 2020 to the beginning of 2021, you’ll notice that as Bitcoin’s value climbed, so did its dominance. It surpassed 70% dominance once again.

Which is Better from an investment point BTC or ETH? 

According to the analysts, both BTC and ETH are performing well at the moment, but if you have to choose between the two, you should go with Bitcoin because Ethereums have a lower probability of becoming more popular in 2022 than they did in 2021. It’s possible that it’ll resurface by 2023, possibly 2025, and they’re only getting bigger.

It’s a ‘Make-or-Break Year’

Though no one knows if Bitcoin domination will return to its previous high of over 70%, it might easily bounce back to the support of roughly 50% to 55 percent, which the market has experienced many times before.

That doesn’t mean altcoins are dead. Altcoins are consolidating right now, and the good projects will emerge stronger in the next Bull market. Because of Bitcoin’s dominance, there may be a future bounce and some of these coins begin to appreciate USD value. The year 2022, or at the very least the following few months, will be the year of Bitcoin.