Back

Bitcoin (BTC) Dominance to Fall, These Three Altcoins to Benefit: Trader

News
Thu, 06/25/2020 - 13:39
Vladislav Sopov
Anonymous trader and analyst Parabolic Thies (@KingThies) predicted a rise in the ETH/BTC price and lists three altcoins that may benefit from a BTC decline
Bitcoin (BTC) Dominance to Fall, These Three Altcoins to Benefit: Trader
Cover image via stock.adobe.com
Contents

Seasoned trader and analyst who goes by Parabolic Thies (@KingThies) has tracked the performance of crypto behemoths (top altcoins) and made a couple of predictions about their prices against Bitcoin (BTC).

Upsurge is in the cards for Ethereum (ETH)

According to a prediction posted in a tweet by Parabolic Thies, the Ethereum (ETH) price is preparing for a decisive upmove against Bitcoin (BTC). This forecast is based on the Market God integral indicator designed by said trader.

Parabolic Thies supposes Ethereum (ETH) may grow againist Bitcoin (BTC)
Image via Twitter

As showcased on his 1D chart, the ETH/BTC price is going to exit an 'Ascending Triangle', which was formed in mid-March. The 0.028 level is key for this upsurge.

This level is very close to the yearly high of the ETH/BTC price. So, if it manages to blast above 0.028, this would definitely mean bullish control over the price.

Also, he supposes that Ethereum (ETH), Litecoin (LTC) and XRP are three altcoins that would benefit most if Bitcoin (BTC) plummets.

Bitcoin (BTC) dominance at a crossroads

It looks like another prominent analyst, Qiao Wang, formerly from Messari, doesn't agree with the trader. He sees Bitcoin (BTC) dominance rising more than 90% during the ongoing market recession. This maximalist opinion is supported by the anonymous trader, TheMoonCarl.

Also, Mr. Wang claims that the euphoria surrounding decentralized financial applications will re-organize the list of the Top-10 cryptocurrencies by market cap. And XRP and Litecoin (LTC) will be the first to leave the premier league, Mr. Wang predicts.

Blockchain evangelist Max Keiser of Russia Today is another expert who is highly skeptical of the performance of the crypto behemoths.

In his recent exclusive interview with U.Today, he highlighted the 'exit scam' essence that reflects the ideas behind the majority of popular altcoins.

About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

Ethereum (ETH) Market Cap May Become Equal to Bitcoin's (BTC): ConsenSys Director

News
Mon, 07/13/2020 - 14:38
Vladislav Sopov
John Lilic, managing director at ConsenSys decentralized development studio, has shared an over-bullish prediction for Ethereum (ETH) progress
Ethereum (ETH) Market Cap May Become Equal to Bitcoin's (BTC): ConsenSys Director
Cover image via stock.adobe.com
Contents

John Lilic leads international business development in the ConsenSys leading blockchain development studio. He is also an expert in energy markets and cryptocurrency segments. He tracked the progress of Bitcoin's (BTC) and Ethereum's (ETH) market capitalization statistics, coming up with an extravagant prediction.

Bitcoin (BTC) should get ready for parity

Mr. Lilic outlined that Ethereum (ETH) is showcasing much healthier dynamics than its competitor is. For instance, the flagship cryptocurrency still surpasses Ethereum (ETH) by 6.3x in terms of market capitalization, while simultaneously collecting 20% fewer fees than Ethereum (ETH).

John Lilic of ConSensys foresees parity of Bitcoin (BTC) and Ethereum (ETH) market capitalizations
Image via Twitter

Also, Ethereum (ETH) is demonstrating much more impressive price dynamics this year. It gained almost 37% against Bitcoin (BTC) in 2020. That said, Ethereum (ETH) looks severely undervalued to the top manager of ConsenSys.

However, Ether is on the path to eliminating this discrepancy. Eventually, the top two cryptocurrencies may reach market capitalization parity, concludes Mr. Lilic.

Related Bitcoin (BTC) and Ethereum Have (ETH) Recovered From Black Thursday, Who Else? Coinmetrics Explains
Related
Bitcoin (BTC) and Ethereum Have (ETH) Recovered From Black Thursday, Who Else? Coinmetrics Explains

As covered by U.Today Crypto News recently, Coinmetrics on-chain research team called Bitcoin (BTC) and Ethereum (ETH) the unique crypto behemoths that have managed to recover from Black Thursday.

Bitcoin (BTC) is losing supremacy in "fee race"

Should Ethereum (ETH) overcome its undervaluation, its price may be over $1,550 based on liquid supply and current Bitcoin (BTC) market capitalization.

Recently, it was unveiled that Ethereum (ETH) blockchain continues to surpass Bitcoin (BTC) in terms of network fees for more than 30 days in a row. Ethereum (ETH) is seeing this advantage for the first time in its history.

As U.Today Crypto News reported previously, ex-Messari analyst and angel investor Qiao Wang identifies two main catalysts of Ethereum's (ETH) price run in the mid-term perspective.

Related Ethereum (ETH) Price Two Bullish Signals, According to Investor Qiao Wang
Related
Ethereum (ETH) Price Two Bullish Signals, According to Investor Qiao Wang

According to Wang, the upcoming rally may be fueled by a long-awaited transition to Proof of Stake and fixing the monetary policy of Ether token.

About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)