{"id":134006,"date":"2024-07-25T11:15:56","date_gmt":"2024-07-25T08:15:56","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=134006"},"modified":"2024-07-25T11:10:08","modified_gmt":"2024-07-25T08:10:08","slug":"could-ethereum-seriously-challenge-bitcoins-dominance","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/could-ethereum-seriously-challenge-bitcoins-dominance\/","title":{"rendered":"Could Ethereum Seriously Challenge Bitcoin&#8217;s Dominance?"},"content":{"rendered":"<p>Despite this success, it&#8217;s uncertain whether they can surpass <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin<\/a><\/strong> ETFs in popularity and volume. Notably, <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/ethereum\/\">Ethereum&#8217;s<\/a><\/strong> spot ETF volumes on the <strong><a href=\"https:\/\/cryptodnes.bg\/en\/ethereum-etfs-debut-with-strong-launch-sparking-optimism-for-future-crypto-funds\/\">first day<\/a> <\/strong>were only a quarter of what Bitcoin&#8217;s spot ETFs achieved.<\/p>\n<p>Bitcoin&#8217;s early entry into the market gives it a significant advantage, but Ethereum has unique features that could drive future growth. Key elements might help Ethereum compete in the spot ETF arena.<\/p>\n<p>The new Ethereum ETF appeals to traditional investors who prioritize organic growth. Ethereum&#8217;s ecosystem, which includes smart contracts and over 4,000 decentralized apps (dApps), drives substantial demand for ETH via gas fees. In the last year, these fees have varied between $1.22 million and $38 million.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/bitcoin-drops-to-64000-the-whole-crypto-market-is-in-the-red\/\" title=\"Bitcoin Drops to $64,000 &#8211; the Whole Crypto Market is in the Red\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/bear-market-red-gID_2-240x170.jpeg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Bitcoin Drops to $64,000 &#8211; the Whole Crypto Market is in the Red<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Ethereum\u2019s staking model, offering passive income, is similar to dividends and could attract conventional investors. Moreover, Ethereum&#8217;s transaction metrics surpass Bitcoin\u2019s, with Ethereum averaging over 1 million daily transactions this year, compared to Bitcoin\u2019s struggle to exceed 500.<\/p>\n<p>These factors underscore Ethereum&#8217;s potential advantages over Bitcoin. Additionally, Ethereum&#8217;s lower price compared to Bitcoin might attract investors seeking higher potential gains.<\/p>\n<p>However, Bitcoin&#8217;s established position and strong institutional interest pose significant challenges. Bitcoin\u2019s proof-of-work system is also highly regarded for its decentralization.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum ETFs have had a strong start, with over $1 billion in trading volume on their first day.<\/p>\n","protected":false},"author":3,"featured_media":37746,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27,24],"tags":[],"class_list":["post-134006","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-altcoins","hot-topic-ethereum-etf"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Could Ethereum Seriously Challenge Bitcoin&#039;s Dominance?<\/title>\n<meta name=\"description\" content=\"Ethereum ETFs have had a strong start, with over $1 billion 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