Ethereum on Track to Out Perform Bitcoin in 2021?
Author: Mary KingETH/BTC’s favorable outlook is buttressed by a successful breakout from a bearish 300-day range, which suggests that ETH is indeed ready to break out of its 'post-traumatic stress disorder' of stagnated prices and reach for its highest prices yet. According to Smart Contracter, it’s not a stretch to think of ETH making its all-time high of $4,800 sometime in the near future.
The question remains as to why Ethereum is potentially primed to perform better than Bitcoin in the coming months. A contributing factor might be a shift in demand towards the networks’ respective distinguishing features. Bitcoin’s strengths lie in its immutable, digital store of value integrity, while Ethereum’s are an extensive network of developers building an equally large variety of decentralized applications. In that regard, the demand for Ethereum could make up for the degree of dominance held by Bitcoin.
Though analysts have differing takes on the crypto sector, there’s no denying that Ethereum is among the top- performing coins in 2021. With some key metrics in Ethereum’s favor, it’s no surprise that Smart Contracter is forecasting growth. Plenty of crypto traders are keeping a close eye on ETH/BTC to see if Smart Contracter’s optimism pans out in the coming months.