{"id":154269,"date":"2025-03-29T13:00:03","date_gmt":"2025-03-29T11:00:03","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=154269"},"modified":"2025-03-29T03:11:28","modified_gmt":"2025-03-29T01:11:28","slug":"ethereums-market-share-takes-a-hit-as-eth-struggles-against-bitcoin","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/ethereums-market-share-takes-a-hit-as-eth-struggles-against-bitcoin\/","title":{"rendered":"Ethereum&#8217;s Market Share Takes a Hit as ETH Struggles Against Bitcoin"},"content":{"rendered":"<p>This change, known as &#8220;The Merge,&#8221; was expected to usher in a new era for Ethereum (<strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/ethereum\/\">ETH<\/a><\/strong>), with the goal of reducing its energy consumption and positioning ETH as a deflationary asset, or &#8220;ultrasound money.&#8221; However, since then, Ethereum&#8217;s performance, particularly in comparison to Bitcoin (<strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">BTC<\/a><\/strong>), has been disappointing.<\/p>\n<p>When Ethereum transitioned to PoS, the value of ETH relative to BTC was 0.074 BTC per ETH. Fast forward to today, and that ratio has drastically dropped to just 0.022 BTC, marking a staggering 70% decline in value. This is a significant underperformance considering the promise of Ethereum&#8217;s new model.<\/p>\n<p>Ethereum\u2019s market cap dominance has also taken a hit. At the time of the Merge, ETH represented 17.7% of the total cryptocurrency market cap, while Bitcoin held 37.6%. Since then, ETH&#8217;s dominance has shrunk drastically, falling to just 8%, while Bitcoin&#8217;s market dominance has surged to 58.9%.<\/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\/is-the-u-s-government-quietly-selling-bitcoin\/\" title=\"Is the U.S. Government Quietly Selling Bitcoin?\">\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\/crypto-usa-1-240x170.jpeg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Is the U.S. Government Quietly Selling Bitcoin?<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>The so-called &#8220;flippening&#8221; \u2014 when ETH was expected to surpass BTC in market cap \u2014 has become even more distant. At the time of the Merge, Ethereum was 44.4% of the way toward overtaking Bitcoin, needing just a 2.3x rally to do so. Today, however, that ratio has plummeted to 13.8%, meaning Ethereum would need a 7.3x rally to flip Bitcoin.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum&#8217;s blockchain underwent a significant shift on September 15, 2022, moving from a proof-of-work (PoW) security model to proof-of-stake (PoS).<\/p>\n","protected":false},"author":3,"featured_media":37602,"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-154269","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-altcoins"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ethereum&#039;s Market Share Takes a Hit as ETH Struggles Against Bitcoin<\/title>\n<meta name=\"description\" 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