Analyst Predicts Ethereum Will Surpass Bitcoin
Release: 2024/05/27 09:04 Reading: 207
Analyst Predicts Ethereum Will Surpass Bitcoin
A renowned cryptocurrency analyst has projected that Ethereum (ETH), a preeminent smart contract platform, will significantly outpace Bitcoin (BTC). Additionally, the analyst anticipates a robust recovery for a meme token.
ETH's Strong Performance
Bluntz, a prominent cryptocurrency analyst, has observed the two-week chart of the Ethereum-to-Bitcoin (ETH/BTC) pair on social media platform X. He noted that ETH/BTC is nearing a rare bullish trend, signaling Ethereum's potential to outperform Bitcoin.
This bullish trend suggests potential reversal areas amid growing momentum, regardless of price fluctuations. Bluntz has set a target of 0.1 BTC (approximately $6,907), which represents a nearly 95% increase from current ETH/BTC levels. The analyst remarked:
"ETH/BTC is only eight days away from exhibiting its first two-week bullish trend... The target is clearly 0.1 (BTC), but we may be either below or above it."
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Favorite Meme Tokens
Cryptocurrency analyst Bluntz believes that, in addition to Ethereum, the frog-themed meme token Pepe (PEPE) is also poised for growth. He considers it the most promising major coin in its sector. Bluntz predicts that Pepe will emerge as the "golden child" of meme tokens as ETH/BTC bottoms out and regains momentum. He further commented:
"It appears that PEPE is the most promising major meme token. With ETH/BTC likely having reached its bottom, I anticipate that PEPE will continue to be the dominant meme token and may exceed expectations. However, it's important to remember that we are all speculating here."
At the time of writing, the popular meme token PEPE is trading at approximately $0.000015.
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