Friday , June 18 2021

Opinion: By the end of the year, the price of Ethereum could reach $ 10,000

In 2021, Ethereum could surpass Bitcoin in profitability, and the price of the coin could rise to $ 10,000. This forecast was given by the famous crypto trader and host of the podcast The Wolf Of All Streets Scott Melker in an interview with Cointelegraph.

In his view, the current period of bitcoin price consolidation has become very optimistic for the second largest cryptocurrency in terms of capitalization, whose rate has recently reached new highs. It was the performance of Ethereum that the trader called the main catalyst for the growth of the altcoin market.

He reported that in recent months he has largely shifted his strategy from the first cryptocurrency to the ether.

“It reminds me of investing in the Internet in the early 1990s,” Melker said.

He believes that his short-term forecast for the price of Ethereum is not too bold:

“I do not understand why this is crazy. In fact, only an increase of less than five times the current price. Bitcoin almost tripled last year. ”

Recall, analysts at the Kraken Stock Exchange also admitted that the profitability of Ethereum will exceed that of Bitcoin, and the price of the coin will exceed $ 15,000.

Anthony Scaramucci, founder and managing partner of investment firm SkyBridge Capital, is also confident in the growth of the second largest cryptocurrency.

In the first three months of 2021, the price of bitcoin rose by almost 103%, which was the best indicator of the first quarter for flagship since 2013. Ethereum quotes added more than 250% during that period.

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