Why is Ethereum’s Price Seemingly Destined to Be Higher Than Bitcoin?
Here are several reasons why Ethereum’s price is seemingly destined to be higher than Bitcoin’s.
Ethereum is a decentralized, open-source blockchain, and the native currency of the platform is Ether. It’s a digital currency that can be traded and used to purchase goods and services, and in recent weeks, it has been outpacing Bitcoin.
The question being asked here is, why is Ethereum’s price seemingly destined to be higher than Bitcoin? Take a closer look right here.
Several reasons why Ethereum is currently out-performing Bitcoin
Ethereum continues to gather momentum, and its value has recently been climbing much faster than its rival cryptocurrency, Bitcoin, but why? Since early January, Ethereum’s price has steadily strengthened. It has gained more than 80% compared to Bitcoin’s 26% over the past twelve months.
The three main reasons why Ethereum has been outpacing Bitcoin are the following:
- Better attitude surrounding DeFi (decentralized finance) tokens
- The rapid growth of Ethereum at a much faster pace than Bitcoin
- Bitcoin has had a spell of relatively low volatility
According to some reports, Bitcoin now processes 28% fewer transactions than Ethereum. This huge gap keeps growing and shows no signs of slowing down. This equates to Ethereum processing around $12 billion worth of transactions on a daily basis, compared to Bitcoin’s $9 billion.
Is it possible to deposit at online casinos with cryptocurrencies like Bitcoin and Ethereum?
Yes. Many fully licensed online casino sites now accept Ethereum and Bitcoin as viable deposit and withdrawal options. However, no online casinos currently licensed by the UK Gambling Commission accept cryptocurrency as a payment method.
You can find a complete list of new Ethereum casinos on the official NewCasinos.com website. Trusted names with solid reputations control the reviewed casinos you can find featured on this reputable site.
As well as accepting Ethereum and Bitcoin, some of today’s most trusted crypto casinos also accept one or more of the following major cryptocurrencies:
- DogeCoin (DOGE)
- Optimism (ETH)
- Solana (SOL)
- Cardano (ADA)
- Ripple (XRP)
- Near (Near)
- Cosmos (ATOM)
- BSC (BNB)
- Tron (TRX)
- Fantom (FTM)
There are over 20,000 cryptocurrencies out there today, and many online casinos that currently accept this type of payment method tend to accept anywhere from two or three different cryptos up to 20 or more.
Is it safe to deposit at online casinos with crypto?
Yes. Some people consider the cryptocurrency payment option as more secure than traditional methods, such as Visa, MasterCard, PayPal, Skrill, NETELLER, and Paysafecard.
You also have Skol Casino, Lucky Thrillz, Slots n’ Play, Les Ambassadeurs Online Casino, SpinYoo, and Amber Spins, to name just a few top-rated casino sites. Don’t forget that you can find a secure link to each casino’s sign-up page and new player welcome bonus offer on the NewCasinos.com website.
Top casino games to check out
The most popular online casino games to check out at these sites are the Starburst online slot from NetEnt, the Diamond Mine Megaways Jackpot King online slot from Blueprint Gaming, and the Book of Atem WowPot online slot from All41 Studios and Microgaming.
For those of you who are looking to take your online casino gaming experience to the next level, you must check out Evolution Gaming’s full suite of live dealer casino games. Some of their hottest titles include Crazy Coin Flip Live, Live Gold Bar Roulette, Live Crazy Time, Live Deal or No Deal, and Live Lightning Roulette.
Apart from the live dealer games, which are usually only ever accessible in the real money mode, all other games can be launched in the free-play demo mode. When playing certain games, such as craps, roulette and blackjack, to begin with, it would be a good idea to practise in the free play mode until you get good.
Important things to remember when playing at online casinos
Any losses you incur should never be chased; chasing losses may result in losing more money than you originally budgeted for. Always try to gamble responsibly, and where possible, set deposit limits.
Finally, don’t forget to have fun. To play at any of the world-class online casinos mentioned above, you must be at least 18 years of age. Choose a payment method you are most comfortable with, and always play in your local currency.