Analyst: ETH has outperformed BTC only 15% of the time since launch

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According to Cryptonews, glassnode's chief analyst James Check posted on X platform that historically, Ethereum has underperformed Bitcoin in most market cycles.

Since Ethereum's launch in 2015, it has outperformed Bitcoin on only 15% of trading days. Ethereum briefly surpassed Bitcoin in its early stages, particularly from mid-2015 to mid-2017, and from late 2019 to early 2020. Since early 2020, Bitcoin has maintained dominance. The ETH/BTC ratio has now dropped to a five-year low of 0.018, the lowest level since December 2019, when Ethereum was priced at $125 and Bitcoin was trading around $7,000.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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