Veteran trader Scott Melker told Cointelegraph in an exclusive interview that Ethereum is likely to outperform Bitcoin, at least in the short term.
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Melker believes that this period of Bitcoin price consolidation is particularly optimistic for the second largest cryptocurrency, which has recently reached new highs. Melker sees Ether’s outstanding performance as a major catalyst for the recent forex market.
He also revealed that in recent months he has largely shifted the average dollar’s strategy from bitcoin to ether in order to take advantage of Ethereum’s “massive rally”.
“To me, it’s like investing in the internet in the early 1990s,” Melker said.
According to Milker, Etherum could reach the $ 10,000 target price by the end of 2021.
“I don’t understand why this is crazy. It’s basically a little less than five X from here. […] Bitcoin has done this nearly three times in the past year.”
To see Melker’s reviews on Ether, XRP, and other major altcoins, watch the full interview on our YouTube channel and don’t forget to subscribe!