XRP is still the top-performing major cryptocurrency of the year, up 42%, but Ethereum is gaining ground with a 40% increase over the past 30 days. The formation of new Ethereum Treasury Companies has been a bullish sign for Ethereum’s growth prospects.

One catalyst for Ethereum’s recent rally was the emergence of high-profile Ethereum Treasury Companies, such as Bitmine Immersion Technologies. Tom Lee’s endorsement of Ethereum has attracted attention, similar to Michael Saylor’s role with Bitcoin.

Ethereum’s dominance in stablecoins, accounting for 49% of all stablecoin activity, has bolstered its investment thesis. With the U.S. Treasury Department advocating for stablecoins, Ethereum’s position is strengthened for future growth.

Ethereum and Bitcoin are the only cryptocurrencies with spot crypto ETFs, appealing to institutional investors. While Ethereum faced outflows earlier in the year, its recent rally has attracted new investments, pushing its value higher.

While XRP remains strong, Ethereum’s recent performance and long track record make it an attractive investment. Ethereum’s position in stablecoins and the rise of Ethereum Treasury Companies signal potential growth in the future.

Investors should consider Ethereum’s recent rally and position in stablecoins when evaluating investment opportunities. With Ethereum’s track record and current momentum, it presents a compelling case for long-term growth compared to other cryptocurrencies.

Read more at Yahoo Finance: Should You Forget XRP and Buy This Soaring Cryptocurrency Instead?