Dan Held compares Bitcoin and Ethereum TVL ratios, reveals potential
@danheld: Dan Held reveals crypto potential
Dan Held has highlighted a striking difference in the Total Value Locked (TVL) to market capitalization ratio between Bitcoin and Ethereum.
According to his analysis, Bitcoin's TVL stands at approximately $6.8 billion with a market capitalization near $2 trillion, resulting in a 0.34% ratio. In contrast, Ethereum boasts a TVL of about $67.5 billion against a $400 billion market cap, achieving a 16.8% ratio.
A primary takeaway from these figures is what Held describes as a '50x difference' in ratios, indicating what he sees as untapped potential within the blockchain sector. His insights underscore a considerable variance in the current status and potential in the market dynamics of these two leading cryptocurrencies.
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In the previous news, Dan Held spoke about the challenges of being an early Bitcoiner, emphasizing the hardships of 'HODLing' through market volatility. Read more.
