Ethereum Can Go To $10,000 In 2021
Report: Ethereum Can Go To $10,000 In 2021
April 12, 2021
Ethereum Can Go To $10,000 In 2021
Report: Ethereum Can Go To $10,000 In 2021
April 12, 2021

A report by professional trader Scott Melker said that Ethereum can go to $10,000 in 2021 and can overshadow Bitcoin.

It has been reported that Melker sees this period of Bitcoin’s price consolidation as particularly bullish for the second-largest cryptocurrency, which recently reached new all-time highs.

However, he sees Ether’s outstanding performance as the main catalyst of the recent altcoin market bull run.

The report said that he also revealed he has been largely switching his dollar-cost averaging strategy from Bitcoin to Ether in the last few months, in order to take advantage of Ethereum’s “tremendous upside potential.”

He said:

“It’s like investing in the Internet in the early 1990s to me. I don’t see why that’s crazy. It’s basically just under a five X from here. […] Bitcoin did almost three times that last year.”

Thus, Ethereum’s “tremendous upside potential” is what he is looking for.

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Source: Cointelegraph


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Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with experience of 1.5 years. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space. She loves writing about blockchain and other blockchain-related articles.