Popular crypto analyst Jason Pizzino, Ethereum and altcoin He shared his prediction on when s could surpass Bitcoin.
Jason Pizzino tells his 321,000 YouTube subscribers that the altcoin market is gearing up for a rally as it follows the ETH/BTC pair.
“The market still appears to be building for 37x potential returns for altcoins.”
According to Pizzino, if past patterns repeat and ETH/BTC behaves like the last time Bitcoin reached the top of its 2021 cycle, investors can expect a breakout in the pair in the coming months. Pizzino’s chart shows this could happen in May or June.
“The point here is we had an all-time high in Bitcoin, the next month was a decline, and then ETH went up pretty significantly from there. So if things are similar to last time, maybe this is a move down because Bitcoin is pushing all-time highs, stealing the show, then you see another red moon here as Bitcoin continues and then there’s a reversal here for ETH.”
ETH/BTC was trading at 0.05145 BTC ($3,616) at the time of writing.
Pizzino goes on to say that smart contract platform Solana (SOL) will likely go through a similar process.
“The same goes for Solana… Looking at the previous cycle, Solana was a much weaker entity then, but now it is much stronger. On the other hand, you can also see that Bitcoin reached its all-time high price around November (2021), at that time [USD] “It was even lower against, but that was the time to jump, so now we’re in a similar period where Bitcoin is hitting an all-time high.”
Solana is trading at $196 at the time of writing, down 1.5% in the last 24 hours.
