Ethereum used to be seen as the most likely challenger to bitcoin’s status as the preeminent cryptocurrency, and the one best positioned to make the blockchain a more useful technology.
Ethereum, once seen as the heir apparent to bitcoin in the cryptocurrency world, has fallen behind its rival despite the broader crypto rally.
While bitcoin and many other cryptocurrencies have been surging in recent months — thanks in part to US President Donald Trump’s embrace of the technology — ether, the second most valuable digital token, has lagged.
Bitcoin has risen about 160 per cent over the last year, while ether has gained only 40 per cent.
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