Krisztian Sandor is a reporter on the U.S. markets team focusing on stablecoins and institutional investment. He holds BTC and ETH.
Bitcoin"sucked up all the attention" recently, but ether could more than double from current prices this year, a Bitwise analyst said.for the past several months, but the laggard could more than double in price in 2024, according to Juan Leon, crypto research analyst at asset manager Bitwise.
"Most of the positive sentiment will happen weeks and months after the upgrade as the effects take place," he added.The odds for an approval are not as clear as were in the case for the spot bitcoin ETFs earlier this year, the Bitwise analyst said, but the possibility will bring excitement to ether. He gave a 50%-60% chance for an approval, but said it will happen"sooner or later.
Late November 2020, BTC was knocking at its all-time highs at $19,000 in, while ETH was hovering below $600, some 60% lower than its 2018 peak. A few weeks later, when BTC decisively broke above its former record price, ETH embarked on a multi-month rally to eventually hit a $4,400 peak in May.
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