Bitcoin vs Ethereum: Which coin will continue its exemplary growth in 2022?

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For quite a time being (about eight months) Ethereum has been outperforming Bitcoin and the performance of both the coins have changed the market trends. But the question is, will the trend continue in 2022? According to a Crypto exchange development service provider, the trend might continue as both the coins have already recorded an all-time high in November 2021.



Can Bitcoin outperform Ether in 2022?

Since its inception, Bitcoin was the favorite choice of crypto investors and Bitcoin trading was always a lucrative deal. The crypto has successfully outperformed its volatile counterpart in the year 2021. This exemplary growth trend might even continue in 2022 for Bitcoin supporting a positive association with emerging market securities, S&P 500 index, and different other commodities used as a measure of inflation.


Bitcoin might be outperformed by Ether in 2022 because compared to the Bitcoin network there have been notable gains in the Ethereum blockchain network. Taking volatility into account, Bitcoin was outperformed by Ether, and markets stats say, there has been a rise in the value of Ether since 2018. As of now, Bitcoin might manage to remain a dominant market player and it's market worth is around $900 billion (Rs. 66,804,75 crore).


Can Ether outperform Bitcoin in 2022?

Ethereum has a much greater association with other growth sectors in the cryptocurrency world. The sectors can be decentralized (Defi), non-fungible tokens (NFTs), and Metaverse as well. Compared to Bitcoin, Ethereum trading was on the high in 2021 and had dominated Bitcoin due to the introduction of non-fungible tokens or NFTs.


Ethereum has successfully outperformed Bitcoin in 2021 and might continue the same in 2022 because of prices collapse which had reached a record peak for both digital tokens. However, there are certain reasons why the second-largest crypto could outperform Bitcoin –

·         Ethereum blockchain platform: Ethereum’s native token Ether runs on the Ethereum blockchain platform and operates on the proof of stake model. This provides mining power based on the total percentage of coins the miner holds. The Ethereum platform is used by over 15,500 cryptocurrencies in the asset class and works as a general-purpose blockchain.

·        Efficiency: Ethereum continues to be more efficient as compared to Bitcoin. Some of the popular cryptos traded on the Litecoin (LTC), Polkadot (DOT), Stellar (XLM), Dogecoin (DOGE), and many others to be counted.

·         Energy consumption: When it comes to energy consumption, Bitcoin requires 707 kWh of electricity, whereas Ethereum requires merely 62.56 kWh electricity which is consumed by high-end computers. Whereas, on the other hand, compared to Ethereum, Bitcoin operates on a proof of work consensus mechanism which uses a lot of computational power.

Concluding up, if Ethereum continues with the November highs then there are chances that Ether will outperform Bitcoin and might become the choice of crypto enthusiasts as well. However, both Bitcoin and Ether are unregulated digital currencies and are subject to crypto market risks. Based on the market trend, crypto investors might have to strap on for a roller coaster ride and as the year progresses, Ethereum is expected to outperform Bitcoin with a faster and flexible protocol.

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