A recent analysis suggests that Ether could potentially break out relative to Bitcoin by January 2025. According to TradingView, the ETH/BTC ratio is currently at 0.0356, and MN Capital founder Michael van de Poppe believes it wouldn’t be surprising if this ratio rises to 0.04 in the coming month. This would mean that Ether’s value increases significantly compared to Bitcoin.
Interestingly, Ethereum’s native token Ether isn’t the only one showing signs of growth. Shiba Inu (SHIB) and Mantle (MNT), the second and third largest tokens in the Ethereum ecosystem besides stablecoins, have also experienced increases of 7.10% and 3.32% in the past 24 hours respectively. While Bitcoin continues to trade below $100,000 at $98,805 per coin according to CoinMarketCap data, some analysts believe that spot Ether exchange-traded funds (ETFs) might outperform their Bitcoin counterparts this year.
ETF Store president Nate Geraci predicts net inflows into ETH ETFs will accelerate from their current pace with gold ETFs. However, it’s important to remember that cryptocurrencies can be highly volatile and unpredictable. As with any investment decision, conduct thorough research before making any purchases or trades.
Reported by cointelegraph.com
