The Bitcoin and Ethereum Charts that Most People Ignore
Even those in the crypto space.
Non-members can read the full story here.
Most people entering the crypto space, particularly noobs, focus solely on the price of Bitcoin (BTC), Ethereum (ETH) or their favourite altcoin/token compared to a fiat currency such as the USD.
Whilst this is still a good indicator of how crypto has performed over time, another group of asset pairs tends to get ignored unless you’re a savvy trader or have been in this space for a while.
Crypto-to-crypto trading pairs.
BTC vs ETH gains the most attention, but in 2023, courtesy of a plethora of (centralised) exchanges and a vast swathe of decentralised exchanges (DEXes such as Uniswap, dYdX and PancakeSwap) have opened up over hundreds of thousands of trading pairs*.
*Sounds farfetched, but it is plausible with over 26,000 reported crypto assets (including stablecoins).
Why is this important?
There is an age-old debate in the crypto sphere surrounding how much Bitcoin and/or Ethereum you should hold, specifically:
1 BTC or 32 ETH?
While owning either amount in USD is…
