It looks like Ethereum is gearing up to outperform Bitcoin, according to the latest predictions. Check out the latest reports below.
ETH vs. BTC
An experienced trader, known for accurate predictions, suggests that Ethereum (ETH) has the potential to outperform Bitcoin (BTC) in the long run. Dave the Wave, a pseudonymous analyst and trader, shared his thoughts with his 140,000 social media followers on X platform.
According to him, when looking at the ETH/BTC chart, it shows lower highs and lower lows in the shorter term, but a different trend emerges when viewed from a longer-term perspective.
Dave advises caution against hindsight bias, as it tends to misguide speculators by describing recent past price action instead of predicting future price action.
He warns that armchair critics, who have already suffered losses, might have a purist’s distaste for speculation and criticize others.
Looking at the bigger picture, Dave the Wave has presented evidence that ETH/BTC could be close to completing a large wedge pattern, indicating a potential upward breakout around the start of next year or thereabouts.
In regards to Bitcoin, the trader has developed his own logarithmic growth curve (LGC) model which removes volatility and noise to track the cryptocurrency’s long-term market cycle highs and lows.
Based on this model, he believes that Bitcoin will continue to outperform traditional assets such as stock indices for at least another decade, before reaching full capitalization and matching more conventional investments.
Until then, Bitcoin remains the primary vehicle for wealth creation.
In other recent news, a warning has been issued by a trader who previously gained from the crypto breakout earlier this year. The trader, DonAlt, has shared his thoughts with his 53,400 YouTube subscribers in a new strategy session, stating that the latest rallies in Bitcoin (BTC) and altcoin could suddenly reverse.
DonAlt believes that the reason behind the rallies is traders anticipating the approval of multiple Ethereum (ETH)-based futures exchange-traded funds (ETFs).
