Bloomberg: "Ethereum must bypass bitcoin in terms of capitalization" – Bits Media

Bloomberg Analyst Team Releases Another Monthly Cryptocurrency Report, according to which the bitcoin rate will grow, but the first cryptocurrency will yield to Ethereum in terms of capitalization.

In the report, analysts write, what in 2021 year BTC rate, most likely, will continue to grow And it will reach $100 000.

“Bitcoin will rather continue to increase in resistance at the mark $100 000, rather than the fall to support on $20 000», - noted in the report.

As for Ethereum, analysts are even more positive. They think, that the second cryptocurrency plays an increasing role in the ecosystem of digital assets. This largest smart contract platform, supporting thousands of different tokens, will continue to prosper due to the popularity of the decentralized financing industry (DeFi). She became the "most important brick when constructing a digital financial system".

Analysts expect, that at some point the capitalization of the Ethereum will exceed a similar indicator of bitcoin. This is also indicated by the ETH capitalization trend - recently the second cryptocurrency indicator has reached half of the capitalization of bitcoin, Although since then the ratio has slightly decreased.

It is quite possible, that by the end of the year the etherium will show parabolic growth, although in the near future the coin course will remain in the range from $2 000 to $4 000. And this can be called a good price for investment in ETH, Researchers consider.

Earlier, Director General of Ark Investment Catherine Wood (Catherine Wood) I expressed confidence, that bitcoin will grow to $500 000 Despite the decline in cost in recent weeks.