Opinion: Ethereum will surpass Bitcoin in terms of price growth
In the medium term, Ethereum will outpace Bitcoin in terms of price growth as market participants await US approval of a spot ETF based on the second-largest cryptocurrency by capitalization. This is stated in the QCP Capital report.
In the week after the SEC approved 11 applications to launch new products, digital gold fell more than 7%. Ethereum, in turn, demonstrated relative price stability.
QCP Capital analysts also noted that over the past week, quotes for the ETH/BTC pair increased from 0.05 to 0.06.
“The next major events in the crypto sphere are the Bitcoin halving in mid-April and the likelihood of approval of spot Ethereum ETFs in May,” the report says.
MN Trading founder Michael van de Poppe is also optimistic about the future prospects of the second largest cryptocurrency by capitalization, expecting “the continuation of the trend.”
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