Cryptocurrency experts predict that Ethereum will surpass Bitcoin

Since the beginning of 2023, bitcoin has managed to grow by 25.5% and ethereum by 27%. Dragonfly Capital analysts believe that ETH $3,332.55 Bridged Ether (StarkGate) -1.24% Market capitalization $0.3 billion VOL. 24 hours $1.44 billion will become more popular than BTC $95,840.60 Bitcoin -0.94% Market capitalization $1.9 trillion VOL. 24 hours $2.39 billion in the coming months.

According to Dragonfly Capital expert Hastob Qureshi, the great interest of institutional investors in ethereum will create conditions for the growth of the main altcoin in 2023. The analyst is convinced that the token that will reach the maximum value this year will not be BTC but ETH.

Investors consider ethereum to be more promising in terms of environmental and governance standards. That is why, over the past two months, large cryptocurrency holders have begun to buy ETNs much more actively, according to data from the Santiment online analytics platform. Crypto sharks with wallets holding between 100 and 10,000 ETH have become particularly active. «48,556 shark addresses is the highest level recorded since February 2021,» Santiment said in its report.

According to Nasdaq and Ycharts data published on Reddit, the total number of transactions on the Ethereum network exceeded bitcoin by more than three times. In 2022, users conducted 408.5 million ETH transactions, which is 338% more than BTC transfers — 93.1 million.