- Bitcoin continues to be the dominant force in the industry quickly followed by ETH.
- The market cap of the latter has a market cap of over $25 million which is a significant number compared to its fork, Ethereum Classic.
- In a recent blog post published by Nicolas Contasti highlighted the key differences between the two cryptocurrencies to see which coin offers the best option.
Bitcoin continues to be the dominant force in the industry quickly followed by ETH. The market cap of the latter is over $25 million which is a significant number compared to its fork, Ethereum Classic.
In a recent blog post published by the Head of BD at IntoTheBlock, Nicolas Contasti highlighted the key differences between the two cryptocurrencies in an attempt to see which coin offers the best option to those who wish to use them.
Some of the bigger differences between the two digital assets highlighted by Contasti were in regards to the In/Out of the Money (IOM) indicator. Contasti further said:
“It averages all on-chain positions, compare them to the current price, and through a Machine Learning (ML) algorithm, it organizes the data into the 10 most significant groups in terms of both addresses and volume of tokens. Those addresses above current price are those ‘In the Money,’ whereas those that have a dollar average balance below current price are said to be ‘Out of the Money.’”
Amongst the many users on Ethereum, more than 60 per cent were in the ‘In the Money’ category, as opposed to 37 per cent on Ethereum Classic.
Finishing off, Contasti said the following in regards to both projects:
“Personally, I don’t have any preference over one project or the other, but as many people think, been able to move with agility and evolving to tackle the hardest problems should not be underestimated. That’s why many investors have decided to support Ethereum over Ethereum Classic, and looking at the data consistently proves it.”
It will be interesting to see how this plays out. For more news on this and other crypto updates, keep it with CryptoDaily!