Bloomberg senior analyst Mike McGlone still thinks Ethereum (ETH) is the best candidate to outperform Bitcoin (BTC) among cryptocurrencies.
Mike McGlone twitter In a post he shared on Ethereum and of bitcoin compared their market performance. McGlone, Ethereum’s rising performance against Bitcoin in 2022 not affected by deflation. and stated that he gained more support in the process. However, Ethereum annual volatility. About Bitcoin 1.3 times more He underlined that although Ethereum price has not lost its bullish dominance.
Approximately 0.08 percent priced ETH/BTC current position of the parity, Nasdaq 100 of the shares 20% is higher May 2021 Stating that it is at the same level as the company, the analyst interpreted this as the success of Ethereum. According to McGlone, these data are in the second place of the cryptocurrency market. Ethereum’s tendency to outperform Bitcoin represents:
The market is experiencing its natural ebb and flow cycle, including a 30% drop in the Nasdaq this year and a nearly 65% drop in Ethereum through December 16. Our conclusion is that if there is a return to risk assets amid inflation pressures, Ethereum is likely to continue to outperform.
