Monday, 1 June 2020

Macro Analyst: Ethereum Looks Like It Will Outperform Bitcoin in the Future

By Nick Chong

eth btc



From the all-time high of $1,400, Ethereum is down by approximately 80%.
Due to a collapse in the ICO bubble and the narrative shifting from altcoins to BTC, the -80% performance ETH has registered is much worse than that of Bitcoin. From its all-time high of $20,000, BTC is down less than 50%.
While there are many believing the leading cryptocurrency will continue to outperform altcoins, a prominent investor is throwing his weight behind Ethereum.


Ethereum Poised to Outperform Bitcoin?

Bitcoin’s performance may be impressive, but even more impressive is that of Ethereum.
The second-largest digital asset is up more than 22% in the past week alone, according to data from Coin360.com. Over that same time period, BTC is up “only” 14.45%.


Real Vision chief executive Raoul Pal, who commented on the chart of ETH/BTC after the recent breakout, said in reference to the chart below:
“It even looks like Ether will outperform Bitcoin at some point (no position yet). Please remember: No tribal attacks about bitcoin vs ethereum. They are two different things and two different ecosystems.”




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