๐ Ether is gearing up for a moonshot, folks! According to Michaรซl van de Poppe, CEO of MNTrading, ETH/USD is likely to hit new all-time highs before Bitcoin finds its price discovery. ๐
With the launch of spot ETF products for Ether in the U.S., Bitcoin's dominance may take a hit, making room for altcoins to flex their muscles. ๐ช
At the moment, ETH/USD is trading around $3,850, a far cry from its record of $4,900 set in late 2021. But hey, every rocket needs a countdown, right? ๐
In other news, BlackRock's IBIT has surpassed the Grayscale Bitcoin Trust (GBTC) in BTC holdings for the first time. Talk about a plot twist!
What's your take on this? Are we about to witness the rise of the altcoins? Or is Bitcoin just taking a power nap before its next leap? Let's hear your thoughts in the comments! #DeFi #Web3 #CryptoNews