Top Analyst Predicts Ethereum Will Far Outpace Bitcoin Gains – Updates SOL Outlook

2023-10-21 02:26

Popular crypto analyst JACKIS predicts that Ethereum will outperform Bitcoin in the next major bull market, which many expect could arrive in 2024 or 2025.

In a recent Twitter thread, JACKIS laid out the case for why Ethereum is primed for huge gains relative to Bitcoin in the next crypto rally. He noted that if Ethereum can break above the $1,825 level, it will likely surge to $3,600 or higher. From current levels around $1,600, that would represent a gain of around 125% for Ethereum.

Meanwhile, for Bitcoin to reach $50,000 from its current price of around $29,500, it would need to gain about 70%. Based on these projections, JACKIS concludes that the Ethereum/Bitcoin ratio could increase by at least 40% in a bull market scenario.

“The math is quite simple. If #Bitcoin goes higher it will take #Ethereum with it If #ETH flips $1825 it will break the ascending triangle higher essentially If that happens it’s going above $3600 If that happens that’s 123% from here while for #BTC to 50K it’s 68% from the current price If that happens $ETH / $BTC will go higher by at least 40%” says Jackis.

Data from the 2021 bull run supports the thesis that Ethereum may continue to outpace Bitcoin in future rallies. In 2021, Ethereum gained about 463% from January 1 to its peak in November, while Bitcoin rose about 300% over the same timeframe before declining.

Ethereum has been gaining on Bitcoin in terms of market capitalization as well. At the start of 2021, Bitcoin’s market cap was about 4.5 times larger than Ethereum’s. By November 2021, that gap had narrowed to just 2.4 times. This demonstrates Ethereum’s ability to generate larger returns than Bitcoin.

JACKIS also believes that Solana (SOL) could outperform both Bitcoin and Ethereum from current prices in the next bull run.

With strong fundamentals and technicals aligning, analysts like JACKIS are betting on Ethereum to be the top performing crypto asset in the next major bull cycle.

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The post Top Analyst Predicts Ethereum Will Far Outpace Bitcoin Gains – Updates SOL Outlook appeared first on CaptainAltcoin.

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bitcoin ethereum jackis gains crypto analyst predicts

Источник: captainaltcoin.com

bitcoin ethereum → Результатов: 126


Фото:

Grayscale unveils updated covered call ETFs for Bitcoin and Ethereum

Grayscale Investments has updated proposals for its Bitcoin and Ethereum Covered Call ETFs, according to Nov. 18 filings with the US Securities and Exchange Commission (SEC). The funds aim to generate income through options contracts linked to the firm’s Bitcoin and Ethereum exchange-traded products (ETPs), including the Grayscale Bitcoin Trust (GBTC), its mini Bitcoin trust, […] The post Grayscale unveils updated covered call ETFs for Bitcoin and Ethereum appeared first on CryptoSlate.

2024-11-20 22:45


Ethereum упал до 3-летнего минимума против Bitcoin, аналитик видит поддержку на уровне 0,035 BTC

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2024-10-26 19:36


Что ждет Ethereum – сегодня он достиг 42-месячного минимума по отношению к Bitcoin

В последние недели рынок криптовалют в целом был нестабильным. Однако Ethereum продолжает отставать относительно Bitcoin и других активов его калибра. Для справки, Bitcoin немного вырос, в то время как Solana подорожала на 5% за последний день.

2024-10-24 12:26


What’s Behind Bitcoin And Ethereum’s Exchange Exodus? Record-Low Reserves Could Hold The Key

Crypto investors are not keen on dealing with cryptocurrency trading platforms, which has resulted in the dwindling exchange reserves of Bitcoin and Ethereum.  Centralized exchanges on Bitcoin and Ethereum hit a historic low after investors and crypto enthusiasts opted for self-custody solutions for their virtual assets.

2024-10-14 18:30


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Bitcoin & Ethereum On “Path To Acceleration,” CryptoQuant Explains Why

The on-chain analytics firm CryptoQuant has explained why Bitcoin and Ethereum have recently appeared to be on a path towards acceleration. Bitcoin & Ethereum Are Looking Bullish In On-Chain Metrics In a new thread on X, the official CryptoQuant handle discussed how some important on-chain indicators are looking for Bitcoin and Ethereum right now.

2024-6-8 04:00


Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) See Higher Uptick in Discussions This Week: Here’s Why

The crypto market has been abuzz with discussions surrounding the top three cryptocurrencies by market capitalization – Bitcoin ($BTC), Ethereum ($ETH), and Solana ($SOL). As the Bitcoin halving event approaches and Ethereum and Solana face network-related challenges, the crypto community has been more vocal than ever about these assets.

2024-4-9 11:45


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Reddit IPO filing reveals treasury exposure to Bitcoin, Ethereum

Social media giant Reddit has been quietly buying Bitcoin and Ethereum with some of its excess cash and holds an undisclosed amount of the two tokens in its treasury for investment purposes. The social media giant’s crypto exposure details were revealed in its initial public offering (IPO) prospectus, which was filed with the SEC on […] The post Reddit IPO filing reveals treasury exposure to Bitcoin, Ethereum appeared first on CryptoSlate.

2024-2-23 00:23


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