Since its launch nearly a decade ago, Ethereum (ETH) has only outperformed Bitcoin (BTC) on 15% of trading days. According to crypto analyst James Check, since ETH began trading in mid-2015, it has lagged behind BTC 85% of the time.

Data shows Ethereum had an edge over BTC between 2015–2017 and briefly in late 2019 to early 2020. But in the last five years, Bitcoin has consistently outpaced Ethereum.

ETH/BTC Hits 5-Year Low

On April 9, the ETH/BTC ratio fell to 0.018, its lowest level since December 2019 when ETH plummeted to $125 while BTC was around $7,000.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

In the past 24 hours, Ethereum has dropped 10% to under $1,450. Meanwhile, Bitcoin saw a 6% decline to $75,000 — still 275% above its peak from the last bull market seven years ago.

Ethereum Supporters Voice Concerns!

Some Ethereum advocates have raised concerns about stagnation. “Ethereum has had the same number of active addresses for four years,” said Web3 researcher Stacy Muur on April 8.

However, others noted that most of the new activity has moved to Ethereum layer-2 scaling networks, which have seen a surge in total value locked.

Though many ETH holders are currently at a loss, technical indicators suggest the asset may be nearing oversold levels, potentially bottoming out near $1,000.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Ethereum Has Outperformed Bitcoin Just 15% of the Time appeared first on Coin Engineer.