Crypto Analyst Warns Ethereum Will Continue to Underperform Bitcoin Despite Hype Around Spot ETFs, Names One Crypto Sector with Big Impact Potential

Bitget App

Trade smarter

Cointime2024/01/29 01:46

By:Cointime

A popular crypto analyst predicts that Ethereum will continue to perform poorly compared to Bitcoin, despite the excitement surrounding the potential approval of ETH exchange-traded funds. The analyst, known as Rager, notes that the ETH/BTC chart is still in a long-term downtrend, with the recent delay in the approval of spot ETFs not helping the case. However, Rager remains bullish on the crypto markets overall and believes that the gaming sector will have a significant impact on the industry in the coming years. The US Securities and Exchange Commission recently postponed its decision on approving Grayscale's request to convert its Ethereum Trust product into an ETF.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.

APR up to 10%. Always on, always get airdrop.

Lock now!

Share link:In this post: Artists and writers protested against Meta at its London office for copyright infringement. The writers are angry at the social media firm for using their work to train its AI models without their permission. Meta however defended its position arguing it “respects third party intellectual property.”

Cryptopolitan•2025/04/04 03:11

Trump Family Crypto Pivot – Eric Trump Embraces Crypto & Trump's Empire Expands

Cryptoticker•2025/04/04 02:22

Pornhub adds Bitcoin and Litecoin payments for Premium Subscription

Cryptoticker•2025/04/04 02:22