As a seasoned crypto investor with a knack for spotting trends and a touch of humor, I find myself intrigued by this recent analysis suggesting Ether could outperform Bitcoin in January 2025. Having ridden the rollercoaster that is the cryptocurrency market since its infancy, I’ve learned to never underestimate the power of the ‘altcoin run.’
As a crypto analyst, I’ve noticed intriguing indicators suggesting that Ether might be on the verge of a significant breakout compared to Bitcoin, come January 2025.
In simpler terms, the graph from TradingView indicates that Ether’s (ETH) performance compared to Bitcoin (BTC) is currently at approximately 0.0356, a ratio known as ETH/BTC. Michael van de Poppe, founder of MN Capital, expressed in a recent post on December 24th that he doesn’t find it unlikely for the price of Ether relative to Bitcoin (ETH/BTC) to exceed 0.04 in January.
ETH strength may set off Ethereum ‘altcoin run’
Previously, the ETH/BTC exchange rate reached approximately 0.04 on December 8th, with Ether being traded slightly over the $4,000 symbolic value at $4,018.
According to van de Poppe’s predictions, there could be increased investment in Ether during January 2025. On the other hand, Bitcoin might experience withdrawals, potentially causing its price to stabilize. This situation, as he sees it, may trigger a surge in altcoins within the Ethereum ecosystem.
In the last 24 hours, Shiba Inu (SHIB) and Mantle (MNT), two significant tokens in the Ethereum ecosystem excluding stablecoins, have experienced growth of approximately 7.10% and 3.32% respectively.
As per the data from CoinMarketCap, Bitcoin is currently being traded around $98,805, which falls below the $100,000 mark. This digital currency touched the six-digit pricing level for the first time on December 5.
Analysts eye spot Ether ETF outperformance
2025 could see Ether spot ETFs potentially surpassing Bitcoin ETFs, according to certain experts’ views.
In a recent post on December 20th, the president of ETF Store, Nate Geraci, stated that “the net investments into Ethereum ETFs are currently matching those of Gold ETFs at the moment. However, he anticipates these inflows to increase further in the future.
Anonymous cryptocurrency trader Brent expressed a comparable viewpoint on platform X, stating that “Ether (ETH) is one of the least owned assets globally. Observe the behavior of a ball that is forced to stay submerged underwater.
It comes not long after a crypto analyst said that Ether’s underperformance against Bitcoin may be nearing its end.
On December 4th, Benjamin Cowen, the founder of Into The Cryptoverse, penned a message to X, expressing his belief that the fall of ETH/BTC has either ended or is about to end, and it’s likely to increase over the next 6-12 months.
This piece is meant to provide a broad understanding and isn’t intended to serve as legal or financial guidance. It’s important to remember that the perspectives, ideas, and viewpoints expressed here are solely those of the author and may not align with the views or opinions of CryptoMoon.
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2024-12-25 04:51