Below we see Bitcoin and Ethereum current price, followed by where we started May, at first glance we see Bitcoin go from more then 3 times the price of Ethereum to less than 2 times, That might make it seem Ethereum was gaining but that is not the case, This month Bitcoin has added 14.1 Billion to itâs market cap, compared to 13.8 billion for Ethereum. but that sliver thin win over the #2 crypto is telling us that the majority of new money in this sector is not going into Bitcoin.
Bitcoin may be the Apple iphone of this sector and may hold the top spot for some time to come, but the competition is slowing taking away market cap, and as history has shown being #1 in the early stages of a new market is much easier then staying there.
We will revisit this at end of June and see if Ethereum can over take Bitcoins monthly market cap gains