ConsenSys spokesman John Lilik said that the cryptocurrency Vitalik Buterin is underestimated and showed how its performance has changed since the beginning of the year

Ethereum is underestimated and will eventually equal Bitcoin in terms of capitalization, wrote John Lilick, director of international business development at ConsenSys in his Twitter account. He referred to his previous tweet to compare how cryptocurrency indicators have changed since the beginning of the year.

For example, in January, Bitcoin bypassed Ethereum by capitalization 10 times. At that time, the volume of commissions generated on the first cryptocurrency network twice exceeded the same indicator for altcoin. To date, the situation has changed in favor of ETH.


Now, the excess of Bitcoin's capitalization over Ethereum has been reduced to 6.3 times. At the same time, the volume of commissions in the BTC network decreased in relation to the coin of Vitalik Buterin and is only 80%. At the same time, the altcoin exchange rate has increased by 37% since the beginning of the year compared to the main digital asset.

On July 10, the famous trader Peter Brandt suggested that the altcoin season had begun. Reason: Ethereum overcame resistance to BTC. The coin will probably continue to go up, and most other cryptocurrencies will follow.