Ether ( ETH ) has a good chance of outperforming Bitcoin ( BTC ), at least in the short term, says veteran trader Scott Melker in an exclusive interview with Cointelegraph.
The alt-season is upon us
Melker views this period of Bitcoin price consolidation as particularly bullish for the second-largest cryptocurrency, which recently hit new all-time highs. According to Melker, Ether’s strong performance is the main catalyst for the recent bull run in the altcoin market.
Furthermore, he revealed that in recent months he has changed the asset of his accumulation strategy from Bitcoin to Ether , to take advantage of the “ huge upside potential of Ethereum. ”
“I think it’s like investing in the Internet in the early 90s.”
According to Melker, the price of Ether could reach the $ 10,000 mark by the end of 2021 :
“I don’t see why it’s absurd. Basically it’s less than a 5x from here. Bitcoin has risen nearly three times more in the past year. “