A DeFi that exploded during the summer, the upcoming arrival of the Ethereum (ETH) 2.0 with all the promises of Vitalik Buterin: despite the pandemic, the Ether had all the assets in its pocket to shine this year.
The ETH prize has passed the 500 USD mark. Michael van de Poppe already places it well above this level, although it will be a long time before the next altseason.
It would have been better to invest in Ether than in Bitcoin.
According to the latest data from Cointelegraph Markets, Coin360 and TradingView, the Ether would follow the trajectory of Bitcoin (BTC) as it approaches the psychological thresholds of the market.
The ETH has just reached the 500 USD on November 20, 2020, for the first time in 2 and a half years, while the Altcoins are slowly recovering from the poor performances of the last few months.
Although the daily gains of the Aether have leveled off at around 6%, traders are delighted with this news, especially since the overall performance of the ETH for this year is higher than Bitcoin's.
Bitcoin's returns currently stand at 155% compared to 284% for Ether. In March 2020, Bitcoin dominated the market while ETH/USD was trading around 117 USD.
Until November 20, 2020, ETH grew by 327% while Bitcoin grew by 411% from USD 3,600 to USD 18,420.
ETH at USD 20,000: no, this is not a mistake!
Michael van de Poppe estimates that the next rally of the Ether could bring its price to 20 000 USD - Bitcoin is not far away, it is trading around 17 000 USD.
In an interview with van de Poppe, Nugget's News CEO Alex Saunders indicated that the ETH/USD pair could surpass its ATH by $1,400 before the end of 2021.
The star of the moment remains Bitcoin, which is currently facing selling pressure from the $19,000 level.
The launch of the beacon chain is scheduled for December 1, 2020, but logically it should be postponed due to a lack of sufficient validators. The prospect of a launch explodes the rate of Ether adoption and the amount of ETH HODLES - the 32 ETH club is seeing new members coming in who are betting on staking out to earn passive income on the new version of the network. Bitcoin has only one month left if it wants to outperform Ether this year. The ETH bulls are not going to be content to just watch the BTC bulls run either.
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