Ether (ETH) has hit its lowest level against Bitcoin (BTC) since March 2021, trading at 0.03 BTC on Sunday. This represents a nearly 50% drop from a year ago. Bitcoin, on the other hand, has soared, reaching a record high above $109,000 and delivering a 160% return to investors over the past year. Ether, in contrast, has only gained 40% and remains 30% below its 2021 peak. The decline in Ether’s value proposition has been ongoing since its peak ratio of 0.08 in 2022. Ethereum’s underperformance is partly due to the rising popularity of Solana, especially for memecoin launches. Despite this, Ethereum maintains strong institutional appeal, with World Liberty Financial recently accumulating $ETH. Bitcoin’s dominance extends beyond Ether, now trading at 40 oz. of gold, with its market cap against gold at 11.4%.
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