Crypto Investor Exodus Weighs Heavier on Bitcoin Also-Ran Ether

Ethereum was promoted as Bitcoin 2.0 by many early advocates because the programmable aspects of the blockchain network allowed users to do more than just make peer-to-peer payments. It also led to scores of predictions that the Ether token would surpass Bitcoin in overall value.

More than a decade later, the long-forecast “flippening” in market value has failed to materialize, with Ether becoming an eternal also-ran to Bitcoin. One consequence is that Ether has tended to do worse than Bitcoin during periods such as during the current market downturn because of lower liquidity.