Ethereum should outperform Bitcoin at least within a short period of time, as veteran trader Scott Melker mentioned in a unique interview with Cointelegraph.
Alt szn is on us
In this section of Bitcoin’s value consolidation, Melker sees a very optimistic improvement for the second largest cryptocurrency, which only recently hit new highs. Melker sees the excellent efficiency of ether as the main catalyst for the recent bull run on the altcoin market.
He also revealed that in recent months he has largely switched his greenback averaging technique from Bitcoin to Ether in order to take advantage of Ethereum’s “monumental upside potential”.
“To me, it’s like investing in the web in the early 1990s,” said Melker.
According to Melker, Etherum could hit its target of $ 10,000 by 2021.
“I don’t understand why this is crazy. It’s mainly 5X from here. […] Bitcoin has done this nearly three times in the last year. “
To find out more about Melker’s outlook on Ether, XRP and various large-cap altcoins, read the full interview on our YouTube channel and be sure to sign up!