A popular crypto analyst, known as Credible Crypto, is changing their tune on Ethereum (ETH) versus Bitcoin (BTC). After two years of bearish predictions, they’re now predicting a significant ETH price increase relative to BTC.
ETH/BTC Price Prediction
Credible Crypto, with a large following on X (formerly Twitter), believes ETH could surge by at least 378% against Bitcoin. This would mean a new all-time high for the ETH/BTC pair and potentially even ETH surpassing Bitcoin’s market cap by the end of the current market cycle. Currently, ETH is trading significantly below its all-time high against BTC, having dropped about 79% since June 2017.
Ethereum’s Market Cap Potential
The analyst points out that in 2017, Ethereum’s market cap was already close to matching Bitcoin’s. While Bitcoin’s market cap currently dwarfs Ethereum’s (around $2 trillion versus $390 billion), Credible Crypto believes that ETH could surpass BTC this time around. They acknowledge this sounds ambitious, but their technical analysis suggests it’s a realistic possibility.
Disclaimer: This is not financial advice. Always do your own research before investing in cryptocurrencies. Investing in crypto is risky, and you could lose money.
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