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In a recent video, crypto strategist Ben Armstrong shares his bullish optimism over altcoin Ethereum (ETH) and provides insights into the potential for ETH to overtake Bitcoin (BTC) and disintegrate the market.

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Can Ethereum surpass Bitcoin?

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According to investors, since the beginning of the cryptocurrency market, Bitcoin has always had a huge impact on the entire market. When Bitcoin moves, the entire market moves with it. It has the largest market capitalization and prices are affecting the yellow just as a Hollywood poster movie affects its ability to make money overseas.

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After Bitcoin, the other cryptocurrency that is effective in the market is Ethereum. According to investors, while Bitcoin is the first mover, Ethereum has the advantage in smart contracts and as the Defi revolution continues, Ethereum will have significant impact at this stage. Strategist Armstrong said, “I have faith that Ethereum can definitely surpass Bitcoin. “This is possible in this cycle.”

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Why has the altcoin ETH price increased?

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The Ethereum price has soared, in part due to the growing popularity of DeFi, which uses cryptocurrency technology to recreate traditional bank products such as loans and insurance and is built on top of Ethereum’s blockchain. Armstrong emphasizes that Ethereum has significantly closed the gap with BTC and that while Bitcoin has a market cap of approximately $620 billion, Ethereum is valued at $219 billion with a value of $1,900. Armstrong also saw Ethereum’s 1% rally compared to Bitcoin’s 300% rally. 000 indicates that it has increased.

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Armstrong points out that ETH will gain more value than Bitcoin and has the potential to surpass it. According to him, DeFi, which will add value to Ethereum, has not yet reached the desired level. A situation close to the adoption of the Bitcoin scene is out of the question for now. Ethereum and smart contracts form the basis of its new altcoin.Cryptocoin. com

When we look at the analyst’s view as , the analyst clearly presents the approach of “If you own Ethereum, you don’t just own a crypto token, you also have an asset like owning a new alternative internet piece” to the cryptocurrency field.

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