🔥🔥🔥 #Ethereum Will Outperform Bitcoin in Next #BullMarket , Says Analyst 🔥🔥🔥
In a recent interview, influencer and crypto analyst Lark Davis expressed optimism about Ether (ETH) outperforming Bitcoin (BTC) in the upcoming bull market. Davis believes that investing $10,000 in Ethereum could yield higher gains compared to a similar investment in Bitcoin. He highlighted Ethereum's "ultrasound money" and "massive deflation" as factors contributing to its potential success.
Davis noted the substantial amount of Ether being staked, estimating around 28 million ETH locked in contracts with a two-year wait period. This, combined with increased demand from Ethereum #Layer2 networks, has led to a significant supply lock, reducing Ether balances on exchanges.
While acknowledging the significance of #ETF approval and BTC Halving for Bitcoin, Davis argued that Ethereum has more catalysts for higher performance. He compared a Bitcoin ETF to holding gold and suggested that an Ether spot ETF could be more appealing to investors, likening it to holding Apple stock.
As of now, ETH is trading at $22, according to CoinMarketCap.
Despite recent altcoin price surges, Ethereum has experienced a 2.8% decrease in value over the past week, in contrast to the positive trends seen in #BNB🔥 and Solana, which gained 4.67% and 20.80%, respectively.
