Since the launch of the cryptocurrency industry in 2009, it was Bitcoin (BTC) that became the flag-bearer for the cryptocurrency industry. The cryptocurrency industry was launched as the latest member of the online trading platform as well as an alternative for traditional financing.
From the time of its launch until 2018, the cryptocurrency industry faced an enormous amount of pressure and resistance from the real-world economy. Financial institutions and economic giants opposed the very idea and existence of cryptocurrencies.
As Bitcoin (BTC) was the pioneer of the cryptocurrency industry, it was always the main target by the challengers. The majority of the investors opposed the very idea of Bitcoin (BTC) and other cryptocurrencies being financial assets. As per the investors, cryptocurrencies were extremely volatile in nature, making them too much unstable to be considered as a financial or investment asset.
Even Bitcoin (BTC) itself was called a dead cryptocurrency more than three hundred times. However, Bitcoin (BTC) always managed to make a comeback and has always surprised the financial communities.
Initially, Bitcoin (BTC) and the rest of the cryptocurrencies faced a lot of problems. At first, the only benefit cryptocurrencies offered was that they allowed users to either mine them or buy them through exchanges. There were no further uses of cryptocurrencies apart from these.
However, in 2015, a new cryptocurrency emerged with a new and unique idea. It not only changed the way the cryptocurrencies were being perceived but also provided users the opportunity to develop their own cryptocurrencies. Ethereum (ETH) currently exists as the second-largest cryptocurrency in the world, being second only to Bitcoin (BTC).
Since 2015, the world of cryptocurrencies had been revolutionized. Being able to create their own cryptocurrencies and Dapps, the Ethereum (ETH) soon became a huge cryptocurrency asset.
With the passage of time, both cryptocurrencies have gained an enormous amount of recognition and adoption. The game for the entire cryptocurrency industry changed when PayPal came on board and announced it had adopted Bitcoin (BTC) and Ethereum (ETH) on its platform.
From that point onwards, both cryptocurrencies have only looked ahead. Towards the end of 2020, Bitcoin (BTC) managed to hit its all-time high since 2017. As for Ethereum (ETH), the cryptocurrency also managed to hit its all-time high for the year 2020. In addition to the all-time high in 2020, Ethereum (ETH) has now hit the all-time high since its launch in 2015.
At the time of publication, Bitcoin (BTC) price is sitting at 41,327 per BTC. As for Ethereum (ETH), its current price is sitting at $1,326 per ETH.
As per the analysts and crypto-experts, both the currencies have set on the right course of success and price growth. If both the cryptocurrencies manage to stay bullish, they will be able to hit the $50k and $2k benchmark by the end of the current month.