by Rushali 
In the year 2020, we have seen that the public is getting interested in cryptocurrencies. Specially institutional investors and big capital. Everyone is more interested in Bitcoin, but slowly Ether is also proving to be a great investment.
After March 2020, when the market crashed, the ETH had grown 1200% but BTC had grown just 700%. The bitcoins price reached $40000 and ETH’s price reached $1400. The market capitalization of ETH is five times less than the volume of the BTC market.
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Experts believe that in the year 2021, ETH will grow more than the bitcoins and will give more profits to the investors.
Ethereum is the number-one platform for building blockchain projects and launching decentralized applications. The rate of expansion of the market for blockchain startups has slowed down since the initial coin offering bubble burst in 2018, their total number is still growing. Ethereum has serious competitors such as Tron, Polkadot, Cardano, Cosmos, and Tezos still it has been the favorite of the investors.
More than $1 trillion worth of transactions were recorded on the Ethereum blockchain in the year 2020. This is even greater than the payments giants like PayPal, which is used by over 350 million users and has average volumes that do not generally exceed $200 billion per quarter. This clear show’s the bullish trend in ETH.
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By market capitalization, BTC remains higher than ether, but in Defi, industry ether is the leader. Highly popular in the summer of 2020, Defi lending and staking projects continue to grow, attracting new investments. The total value of decentralized finance has grown nearly 3,300%, from $687 million to $23.2 billion. And it is Ethereum that is the main platform for the creation and launch of most new Defi projects and stable coins.
The emission of stable coins is constantly growing, as digital assets backed by the value of less-volatile fiat currencies are a very convenient tool for quick settlements between users, for forming trading pairs on crypto exchanges, and for saving capital from high volatility in your crypto wallet.
Public companies show interest in the Defi industry, but institutional investors are not into it.
In August 2020, Archax and Algorand revealed plans to develop tools for introducing Defi among institutions. And in the fall of 2020, it became known that xSigma, a subsidiary of the Nasdaq-traded ZK International, is working on the development of Defi services and is preparing to launch a decentralized exchange for trading stable coins.
By all these things we can say the future of the crypto market is ETH.
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