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Opinion: by the end of the year, the price of Ethereum is able to reach $ 10,000

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

In his opinion, the current period of bitcoin price consolidation has become very optimistic for the second largest cryptocurrency in terms of capitalization, the rate of which 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 switched his strategy from the first cryptocurrency to ether.

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

He does not consider his short-term forecast for the Ethereum price too daring:

“I don’t understand why this is crazy. In fact, just an increase of less than five times the current price. Bitcoin almost tripled last year. ”

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

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

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

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Fidenge Pecold

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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