3 reasons why Ethereum has been rising faster than Bitcoin price in 2021
3 reasons why Ethereum has been rising faster than Bitcoin price in 2021

The price of Ether (ETH), the native cryptocurrency of the blockchain network, has been soaring since the beginning of the new year. What’s more, it has outperformed (BTC) since Jan. 1, gaining roughly 81% compared to Bitcoin’s 26% in their respective USD pairs year-to-date.

Bitcoin, Ether YTD performance. Source: Digital Assets Data

There are three main reasons why ETH has been outpacing BTC throughout the past several days. The factors are Ethereum’s accelerating growth, the improving sentiment around DeFi and BTC’s current period of relatively low volatility.

1-day price chart (Binance). Source: TradingView.com
Ethereum daily transactions chart. Source: Etherscan.io

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