A well-known analyst believes the price of Ethereum could rise 430% by 2022.

The person known in the industry as Capo said he would bet on Ethereum (ETH) instead of Bitcoin (BTC) when the crypto market enters a new bull period.

He believes ETH will outperform BTC’s market cap and become the top rated crypto asset in valuation.

“When the market starts the 5th wave, Ethereum is likely to outperform Bitcoin and there is a possibility of a battle for the throne.

I’ve been with the ETH / BTC couple for a long time.

3-day frame ETH / BTC chart | Source: Crypto capo

Capo said he expected the market to enter another bullish phase before the end of this cycle. He believes ETH will hit a high of over $ 10,000 next year, a 430% increase from the current price of $ 1,785.

“In my opinion, the high of this cycle will be up [$ 10.000].

There is still no divergence from wave 3 – 5 and the fact that the moving time after such an accumulation period (2018-2020) is too short. It makes me think that ETH will have another bull run. “

ETH / USD monthly chart | Source: Crypto capo

The analyst added that he is waiting for signals from the DOT / BTC pair to initiate a buy position. According to him, the price has reached an important area of ​​support and is likely to jump.

“DOT / BTC. It is approaching support as expected. I’m not in yet because it is better to wait for a bounce + HH (higher high) or even a bullish confirmation. “

DOT / BTC daily chart | Source: Crypto capo

Disclaimer: This article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.

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