Bullish sentiments among Ethereum advocates and investors surged rapidly as the latest report on transaction fee revenue details came into the public domain with more clarity.
The current trade price of Bitcoin is $60,257 & this trade price is 13% down over the last 30 days.
In the same time period, the trade price of Ethereum, second top ranked crypto blockchain network after Bitcoin, is $3,302 which is also nearly 13% down.
#ETH now at $3,303 pic.twitter.com/GcP0aQ90UB
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— Bitcoinik (@Bitcoinikdotcom) July 3, 2024
These days, the majority of crypto traders are looking toward ETH as the best investment asset over Bitcoin. This shift is due to nearing the official trading approval date for ETH spot ETF applications.
According to the latest analyses from top crypto experts, Ethereum (ETH) is expected to see slight fluctuations over the next seven days.
The price could reach up to $3,552 but may dip to around $3,480 by the week’s end. This prediction takes into account various technical indicators and market trends. Despite some short-term volatility, the overall outlook for Ethereum remains cautiously positive, especially with the potential influence of the upcoming ETH spot ETF approval.
Bitcoin vs Ethereum transaction fee revenue
In the latest data report by Lookonchain, Ethereum generated the highest transaction fee income over the past year, with $2.728 billion. Bitcoin followed in second place with $1.302 billion. The Tron Network secured third place with $459.39 million. Other notable networks include:
– Solana: $241.29 million
– BSC: $176.56 million
– Avalanche: $68.83 million
– zkSync Era: $59.77 million
– Optimism: $40.4 million
– Polygon: $23.91 million
This ranking highlights Ethereum’s leading position in fee income among major blockchain networks.
Read also: Ethereum Spot ETF Set to Launch Mid-July: New Dates Revealed
Ethereum Surges 100% Against Bitcoin in Annual Revenue from Transaction Fees
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