Ethereum is more likely to outperform Bitcoin, a minimum of within the quick time period, stated veteran dealer Scott Melker in an exclusive interview with Cointelegraph.
Alt szn is upon us
Melker sees this era of Bitcoin’s worth consolidation as notably bullish for the second largest cryptocurrency, that lately reached new all time highs. Melker sees Ether’s excellent efficiency as the principle catalyst of the current altcoin market bull run.
He additionally revealed he has been largely switching his dollar-cost averaging technique from Bitcoin to Ether in the previous few months, with the intention to benefit from Ethereum’s “great upside potential”.
“It is like investing within the Web within the early Nineties to me.”, Melker stated.
In response to Melker, Etherum may attain the $10K worth goal inside the finish of 2021.
“ I do not see why that is loopy. It is principally slightly below a 5 X from right here. […] Bitcoin did virtually thrice that final yr.”
To search out out about Melker’s outlook on Ether, XRP and different large-cap altcoins, watch the total interview on our YouTube channel and don’t neglect to subscribe!