Ethereum exceeds Bitcoin by 72%: Altcoins benefit from increasing ETF assignments and spot trade volume

Ethereum exceeds Bitcoin by 72%: Altcoins benefit from increasing ETF assignments and spot trade volume

old coins in the upswing: Ethereum exceeds Bitcoin

In the past few months, the cryptoma market has developed dynamically, with Ethereum (ETH) Bitcoin (BTC) significantly exceeded. Ethereum has shown an impressive performance of 72 % compared to Bitcoin since April 2023. This development has further increased interest in old coins, i.e. cryptocurrencies outside of the best -known currencies.

According to the analysis of cryptoquant, higher ETF assignments (Exchange Traded Funds) and an increase in spot volumes are recorded in this phase. This indicates that institutional investors are increasingly getting into the crypto sector and considering old coins as attractive investment options.

The positive development of Ethereum could be due to several factors, including the increasing acceptance of Defi (Decentralized Finance) and NFTS (non-fungable tokens), both of which are strongly based on Ethereum blockchain. These trends not only promote interest in Ethereum, but also in other old coins that operate in this ecosystem.

Overall, the market shows that old coins play an important role in the cryptos sector and that investors are increasingly considering diversifying their portfolio. The coming months will be crucial to observe how this trend is developing. With the increased market activity and the positive developments in the field of regulatory framework, the combination of Ethereum and old coins could prove as a lucrative investment.