{"id":9897,"date":"2024-01-18T09:47:57","date_gmt":"2024-01-18T07:47:57","guid":{"rendered":"https:\/\/forklog.com\/en\/ethereum-set-to-outpace-bitcoin-in-price-growth-analysts-say\/"},"modified":"2024-01-18T09:47:57","modified_gmt":"2024-01-18T07:47:57","slug":"ethereum-set-to-outpace-bitcoin-in-price-growth-analysts-say","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/ethereum-set-to-outpace-bitcoin-in-price-growth-analysts-say\/","title":{"rendered":"Ethereum Set to Outpace Bitcoin in Price Growth, Analysts Say"},"content":{"rendered":"

In the medium term, Ethereum is expected to surpass Bitcoin in price growth as market participants anticipate the approval of a spot ETF for the second-largest cryptocurrency by market capitalization in the United States. This is according to a report by QCP Capital<\/a>.<\/p>\n

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In the week following the SEC<\/span>‘s approval<\/a> of 11 applications for new products, digital gold declined<\/a> by more than 7%. Ether, on the other hand, demonstrated relative price stability. <\/p>\n

QCP Capital analysts also noted that over the past week, the ETH\/BTC pair rose from 0.05 to 0.06.<\/p>\n

\n\u201cThe next major events in the crypto sphere are the Bitcoin halving in mid-April and the potential approval of spot Ethereum ETFs in May,\u201d the report states.<\/cite><\/p><\/blockquote>\n

MN Trading founder Micha\u00ebl van de Poppe is also optimistic about the future prospects of the second-largest cryptocurrency by market capitalization, expecting a \u201ccontinuation of the trend.\u201d<\/p>\n

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Strong bounce from #Ethereum<\/a> resulting into a likely uptrend. <\/p>\n

Needs to break through 0.06 BTC to make sure that the trend can continue, but the weekly bullish divergence identifies that there will be substantial strength in the coming months. pic.twitter.com\/NPl3oJF9X4<\/a><\/p>\n

\u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) January 17, 2024<\/a><\/p><\/blockquote>\n