Ethereum's DeFi and NFT sectors continue to expand, contributing to rising total value locked (TVL). This supports price growth by driving on-chain activity, increasing demand for ETH as gas, and attracting institutional attention.
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Bitcoin mining difficulty has increased with price, attracting more miners. This boosts network security but also raises competition, affecting profitability and potentially impacting market supply.
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Ethereum’s scalability issues could be overcome by new upgrades like sharding and layer 2 solutions, helping it capture more market share from Bitcoin.
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