Ethereum beat even Bitcoin in terms of overall gains in 2020, but the altcoin still hasn’t broken its former all-time high, while Bitcoin has since left its record far behind.
However, according to one crypto capital manager, as soon as Ethereum does take out its former peak, the altcoin will “double” within “two weeks.” Here’s what that might look like if the top-ranked altcoin follows in the footsteps of the top-ranked cryptocurrency overall.Ethereum Bulls Salivate Over Record-Breaking Surge, But ATH Has Yet To Be Touched
In 2017, both Bitcoin and Ethereum enjoyed a thunderous rise together, capturing the lion’s share of the cryptocurrency market capital.
Bitcoin as the top asset and first mover carried the industry on its back, while Ethereum acted as the foundation for which the future of the industry was being built.
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Many of the first projects born at that time, were useless, since abandoned, or outright scams. But those that survived the freezing crypto winter and thaw, are now heating up again also.
DeFi projects built on Ethereum are once again showing the value the altcoin and its underlying network have, but thus far, momentum hasn’t pushed the asset to a new all-time high like it has Bitcoin.You remember how $BTC pumped from 20k to 40k in just 3 weeks once it broke its ATH?$ETH will pump from 1.4k to 3k in less than 2 weeks once its ATH is broken imo. In addition, the whole alt market will be the double digit gains every day. — Simon Dedic (@scoinaldo) January 14, 2021
But that won’t last for long, according to Moonrock Capital Managing Partner Simon Dedic. Dedic claims that like Bitcoin, as soon as bulls manage to breach the former high set at $1,400, the cryptocurrency will “double” in less than “two weeks” to over $3,000.Here's what Ethereum doubling in price in two weeks would look like | Sourc...