Bitcoin and Ethereum are the two most popular digital assets at the moment, and that isn’t likely to change any time soon. The real question here is: when should you swap Bitcoin to Ethereum? Let’s analyze the fundamentals.
BTC Market Position
BTC is currently the world’s largest cryptocurrency by market capitalization, with a market cap of $581 billion (as of April 2023). More than 92% of all BTC is in circulation (that is over 19 million out of the planned 21 million BTC).
Bitcoin’s popularity has been gradually increasing over the years. Even though there have been many ups and downs in its price, it has managed to maintain its store-of-value status and crossed the threshold towards mass adoption.
BTC Future Value
The majority of prediction websites and individuals agree on one thing: BTC will continue to be popular in the distant future, thanks to its unique underlying technology that revolutionized finance. It’s worth mentioning that another halving will happen in 2024, which will most likely affect the price of BTC.
According to PricePrediction, BTC will reach an average of $83,426 in two years. Moreover, the price is bound to increase to around $556,303 by the start of the next decade.
Another website, DigitalCoinPrice, states BTC will reach around $104,000 by 2025 and go north of $300,000 by 2030.
Ethereum didn’t take long to become the second most popular cryptocurrency in the world, thanks to the unique ecosystem that it’s part of. This ecosystem allows creating dApps and utilizing smart contracts. The current market cap is around $230 billion, and the current circulating supply is more than 120 million ETH. The popular crypto doesn’t have a max supply limit.
The last time we checked (April 2023), Ethereum’s price was hanging around $1,921, with the all-time high recorded on November 16, 2021 — $4,891.
The team behind the Ethereum platform is actively working on introducing new features and upgrading Ethereum overall. Ethereum 2.0 has switched the network from PoW to PoS, which could result in many investors buying more ETH for staking and hodling purposes.
ETH Price Forecast
Based on data from PricePrediction, Ethereum has the potential to go north of $5,400 on average by 2025. We also checked 2030 to see what the long-term predictions are to learn that ETH can get up to $33,100 per unit.
DigitalCoinPrice agrees that ETH will continue to go up, reaching an average of $6,200 in three years and $19,600+ by 2030.
Best Platforms to Exchange BTC to ETH
Let’s take a look at the best platforms where you can swap Bitcoin to Ethereum and vice versa.
Godex is an anonymous and secure platform that can help you quickly swap over 300 coins but also check out the latest prices for hundreds of cryptocurrencies. For example, if you want to check the XxXcoin price or the value of any other coin, you can use the convenient calculator on the website.
Moreover, Godex features fixed rates and has no KYC, which makes it a truly anonymous platform. The interface is easy to use and intuitive.
SimpleSwap is another great example of a non-custodial crypto exchange. Established in 2018, the platform features an easy-to-use interface where you can conveniently swap more than 300 cryptocurrencies. It features all the necessary security measures to protect you and your funds from cyber criminals.
Binance is perhaps the most recognizable brand in the crypto industry, as it has been the leader in trading volume. Established by Changpeng Zhao, the Malta-based platform offers plenty of exchange options and accepts hundreds of cryptocurrencies. Despite being popular, Binance is not entirely anonymous, as it still requires registration.
Get Profit Exchanging BTC to ETH
Bitcoin and Ethereum are going to remain relevant for a long time. If you want to profit by exchanging the two cryptos, you need to buy and sell them when the time is right, so keep track of their volatile prices and swap once an opportunity appears.