Believe it or not, Bitcoin is only 53% below its all-time high near $20,000. Ethereum, on the other hand, hasn’t fared so well.
The second-largest cryptocurrency, despite the recent rally in the cryptocurrency markets, is still down by over 80% from its all-time high above $1,400, which it reached during the mania of the previous bull market, during which Ethereum became the go-to platform for token issuance and became one of the industry’s most hyped projects, for many thought it would become a so-called “world computer.”
Now, ETH is trading for $180, far from the four-digit price point that Ethereum once was trading at.
Although Ethereum’s extreme underperformance of Bitcoin has much to do with fundamental factors, a leading analyst is saying that soon ETH will return back to its former glory, posting a chart indicating that ETH is on the verge of entering a rally that will bring it hundreds of percent higher than where it is now. Read More...