$ETH Had a Great July, Vastly Outperforming Bitcoin
On Monday (August 1), Ethererum ($ETH), the second-most valuable cryptoasset by market cap, is trading around $1,675, after an excellent performance in July (despite the fact that we are still in a bear market).
According to data by TradingView, on crypto exchange Coinbase, the $ETH price went from $1091.56 to $1687.24, which is a gain of 54.57% vs USD.
During the same period, the $BTC price went from $20,460 to $23,363, a gain of 14.18% vs USD.
As for $ETC, its price went up 144.04% (from $15.10 to $36.85) in July.
One prominent crypto analyst that does not seem amused by Ethereum Classic outperforming Ethereum — vs USD — in July is Lark Davis, who tweeted on July 29:
Here is one of the replies to Davis’s tweet:
It is worth pointing out that Ethereum creator Vitalik Buterin reportedly said on July 21 that Ethereum Classic is “a totally fine chain” for people who are fans of proof-of-work (PoW) consensus (which Ethereum is expected to move away from in September).
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