There is also the prospect that this year, Ethereum (ETH), a second class cryptocurrency, will overtake Bitcoin to become the leader. This is the observation that global institutional investors will start to actively invest in ETH, which will ignite this atmosphere.
Earlier this year, Ethereum's price jumped to 1.1 million won. On the morning of the 4th, Ethereum was selling for $ 960 a piece (about 1.1 million won) on the global cryptocurrency information website CoinMarketCap. For the first time in 3 years since the end of February 2018, the price of Ethereum has surpassed 1 million won. In particular, there has been a sharp increase over the last week. Ethereum prices are up 24% in 24 hours and more than 40% from the week before. The new gain in 24 hours is much higher than Bitcoin.
However, there is still a long way to go to an all-time high of $ 1,440 (February 14, 2018).
Positive perspectives on future prospects prevail. In the future, there are many analyzes according to which institutional investors may rush to Ethereum after Bitcoin. The direct reason is that the Chicago Mercantile Exchange (CME) is known to host Ethereum futures products. Institutional investors are believed to be more active in investing in Ethereum.
Ryan Watkins, an analyst at Mesari, a virtual asset analysis firm, said: "The CME Group's launch of Ethereum futures products on February 8, 2021 is a sign that institutions will eventually buy Ethereum." It will not be released. "Zhang Zhuol, founder of BTC.TOP, a large Chinese mining pool, also predicted that" when the next bull market hits, Ethereum's market cap will overtake Bitcoin. "
Co-founder and top-notch US-based cryptocurrency exchange Gemini Manager Tyler Winkleboss said: “The current record highs of Ethereum (currently being bought) are a relatively inexpensive buy,” he said.
Hashed CEO Kim Se Jung also predicted that "institutional investors will enter Ethereum this year" and that "Ethereum will beat the big price this year".
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