Ethereum is likely to outperform Bitcoin, at least in the short term, veteran trader Scott Melker said in an exclusive interview with Cointelegraph.
Alt szn is on us
Melker sees this period of Bitcoin price consolidation as particularly bullish for the second largest cryptocurrency, which recently hit new all-time highs. Melker sees Ether’s outstanding performance as the main catalyst for the recent bullish run in the altcoin market.
He also revealed that he had largely changed his strategy of averaging dollar costs from Bitcoin to Ether over the past few months, in order to take advantage of Ethereum’s “tremendous upside potential”.
“It’s like investing in the internet in the early 90s for me,” Melker said.
According to Melker, Etherum could reach the price target of $ 10,000 by the end of 2021.
“I don’t see why this is crazy. It’s basically just under fiveX’s from here. […] Bitcoin has made almost three times more than last year. “
To learn more about Melker’s outlook on Ether, XRP, and other large cap altcoins, watch the full interview on our YouTube channel and don’t forget to subscribe!