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Ethereum (ETH), the second-largest cryptocurrency (virtual asset) and’top’ altcoin by market capitalization, is showing good performance with a surge of about 60 this year. As of the 18th (Korean time), it exceeds $1,200 and maintains an upward momentum.
Many experts are also optimistic about the future outlook, saying that Ethereum is showing a trend similar to the upward trajectory of Bitcoin (BTC) from 2016 to 2017.
For example, Pantera Capital, a cryptocurrency investor, recently said, “The price of Ethereum is relatively undervalued compared to the price of bitcoin. Therefore, we increased the proportion of Ether (ETH) investment to increase our holdings.”
According to the cryptocurrency media AMB Crypto, an analyst at Pantera Capital, Joey Krug, said, “With the global cryptocurrency market holding a high bitcoin market share of nearly 70%, the bull market is likely to continue for some time. Here, investors are likely to take part of their Bitcoin investment and invest in Ethereum. If the Chicago Merchandise Exchange (CME) in the US launches Ethereum futures, institutional investors will inflow and are staked on Ethereum 2.0. Together with Ethereum, we will alleviate some downside pressure for altcoins, and the growth of DeFi (decentralized finance) is having a positive impact on Ethereum prices, and this trend will continue.”
Earlier, Raoul Pal, a global macro investor and CEO of Real Vision Group, also recently posted on Twitter that “we are increasing our Ethereum holdings.” He predicted that “Ethereum could overtake the Bitcoin market cap in 10 years.”
On the other hand, regarding the Ethereum price forecast, cryptocurrency analyst Cactus said on Twitter, “If the Ethereum price exceeds $1,250 (over $1,300), it is highly likely to reach an all-time high.” Opened. However, he pointed out that Ethereum bulls (buying forces) should defend against falling Ethereum prices below $1,170.
 ▲ Source: Twitter account @TheCryptoCactus © Coin Leaders |