Crypto analyst DonAlt believes that altcoins will continue to outperform Ethereum (ETH) until a major market shift occurs.
ETH’s Lagging Performance
According to DonAlt, ETH has been underperforming compared to other altcoins. He suggests that this trend will continue unless ETH experiences a significant decline.
“Only if everything dumps can ETH outperform,” DonAlt said. “The moment things go up, others will just outshine it massively until we get a massive capitulation on ETH.”
Bitcoin’s Consolidation
DonAlt also provided his insights on Bitcoin (BTC). He believes that BTC’s current consolidation period is preparing it for new highs.
“The longer the range, the better for bulls,” DonAlt said. “Digesting the move from $30,000 to $60,000 by going sideways would pave the way toward $80,000+.”
Disclaimer
DonAlt’s opinions are not intended as investment advice. Investors should conduct their own research before making any cryptocurrency investments.
