Analyst Michaël van de Poppe notes the growth of the ETH rate against bitcoin
A rally of altcoins in the Ethereum ecosystem is expected due to the rising rate
25.12.2024 - 08:40
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What’s new? Crypto analyst Michaël van de Poppe predicts the ETH/BTC exchange rate will rise above 0,04 in January 2025. According to TradingView, the exchange rate ratio of the major cryptocurrencies is currently at 0,03565, having previously reached 0,04 on December 8, when ETH was trading at $4018.
What else is known? According to the analyst’s prediction, Ethereum will see an increase in fund inflows in January 2025, while bitcoin may face an outflow of funds, causing its price to consolidate in a narrow range. Van de Poppe expects this to kick-start the rise of altcoins in the Ethereum ecosystem.
Nate Geraci, the president of investment advisory firm ETF Store, said earlier that net inflows into Ethereum-based spot exchange-traded funds (ETFs) are on par with gold ETFs, and capital inflows into the former type of investment products will accelerate.
Back on December 4, Into The Cryptoverse founder Benjamin Cowen wrote that the collapse of ETH against BTC is nearing an end, and the exchange rate ratio of the major cryptocurrencies will rise over the next 6-12 months.
At the time of writing, bitcoin is trading at $98 020, up 4% over the day, while ETH is trading at $3486, up 2,5% over the day.
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