It’s been reported that an Ethereum competitor will outperform BTC. Check out the latest reports about this below.
Ethereum competitor to outperform BTC
A crypto trader who abruptly turned bullish on Bitcoin at its bottom in November is updating his outlook on the market.
In a new video, the pseudonymous analyst DonAlt says Solana looks really strong and may be gearing up to outpace BTC.
“I like Solana… I like it against Bitcoin here. I think there’s a chance that it might outperform.
The USD pair has pulled back a little bit, but not that strongly.”
It’s also important to note the fact that regarding the rest of the altcoin market, the trader remains particularly bullish on Litecoin (LTC).
DonAlt bought LTC near its $60 November lows and says he sees a lot more room to the upside if it can crack $100.
“If it struggles with $100 for a while and just hugs that resistance, I think the pop is going to be that much better. So I’m not going to give up anytime soon…”
He continued and said this:
“We’ve seen this before. Litecoin’s been the exciting trade like two times before. It’s struggling with $100, but I think that’s going to go. And if it goes, I think it could easily double. So from $100 to $200 doesn’t seem too unlikely.”
BTC to see massive rally soon
Pentoshi who is the trader that we are referring at said recently that the king crypto could go up by another 30%.
He says the strength of the daily candle for Bitcoin is leading him to predict a rally to as high as $32,000. Bitcoin is worth $23,894 at the time of writing, according to CMC.
“This candle for BTC is just: Wow. As stated January 1st, I think the high range for this year is $28,000-$32,000. Have a feeling if we get there that’s going to be a super tough spot. This thing is truly wild lol. Looking at it in complete awe.”