One of the observations of the research company Delphi Digital, which explores cryptocurrency markets, was the potential of Ethereum, which can outperform Bitcoin if the next bullish trend takes place soon, the company said in a new report.
This conclusion was made through observations, which compared the volatility of the ether and Bitcoin, and the tendency for all cryptocurrencies to move in unison. Over the past six months, the broadcast has been more volatile.
The report states:
ETH has also been significantly more volatile than BTC over the past six months. Its 90-day beta, compared with BTC is still equal to 1.5, which significantly exceeds the historical average.
Altcoins, such as Ethereum, usually move after the price of Bitcoin - and this trend has increased recently.
Of course, there were cases when this trend was not observed, however these were only isolated exceptions. In any case, altcoins can decline more longer in bear markets and can grow faster in bull.
Over the past eighteen months, Ethereum has been more volatile compared to Bitcoin. The report says this may change.
We ... watched the increase in the volatility of Ethereum. Considering the extremely high internal market correlations that we discussed earlier, this is a trend we are following closely, since ETH can outperform Bitcoin.
It is not known whether Ethereum will beat Bitcoin in the short term. Now, when the hard fork of Constantinople is done, the volatility of Ethereum is somewhat reduced.
Without a doubt, the broadcast reflects the rest of the altcoin market over the past few days with impressive success, although not as much as that of lightcoin, which showed strong growth before the weekend. Whether these events will lead to a full-fledged bull market is not yet clear. And whether this forecast will come true - it remains questionable, the likelihood of this can only be shown by further developments.
