While Bitcoin (BTC) gained popularity as digital gold, Ethereum (ETH) was also seen to create its own record when it was described as digital silver.
The allegation was made by an entrepreneur named Qiao Wang to those who asked which assets were comparable to digital silver and Ethereum was the answer, not Litecoin (LTC).
It is clear that Wang applied Paul Tudor Jones' theory of cryptocurrency as a 'valuable' or 'industrial' asset, Bitcoin was a 'valuable' asset and Ethereum was an 'industrial'.
The digital silver title has been the property of Litecoin for several years following its remarkable nature, almost resembling a different BTC from other crypto assets.
Litecoin is created using Bitcoin code, has the same block reward halving mechanism and more. Only, what makes this asset not comparable to Bitcoin apart from its uniqueness is its cheaper price.
This makes Wang's statement very weak to make Ethereum a digital silver.
However, if it is based on high value or high price, it is very subjective to make LTC as digital silver as ETH initially had a greater value than Litecoin.
Compared to the limited supply of Bitcoin coins to 21 million BTC, Litecoin has a limit of 84 million LTC, making it the fourth cheapest cryptocurrency on Paypal.
Ethereum currently has a supply of 113 million ETHs and no one knows what the maximum total supply of the asset is.
