Post
Topic
Board Speculation (Altcoins)
Merits 3 from 1 user
Re: ETH we can expect big move
by
dragonvslinux
on 06/11/2021, 12:09:53 UTC
⭐ Merited by The Pharmacist (3)
From the preliminary calculations it turns out that in order for ETH to reach the price above $10k, it would have to surpass BTC capitalization.
It seems to me that it is not possible for ETH to jump over the king anytime soon.

Not quite no. If Ethereum reached $10K but Bitcoin reached $130K for example, then it'd still be around around 0.07 BTC per ETH. Bitcoin would have to remain at the same price for this calculation to work. If BTC were 6 figures Ethereum would then need to be worth around $20K in order to re-tests highs of 0.14-0.16 BTC, that would be close to same market capitalization.

This is personally why I find $10K to be a low target, as if Bitcoin is targeting 6 figures, then Ethereum would reach $10K by simply keeping up.
Personally I think BTC can reach $200K, while ETH can get to 0.1 BTC and therefore be worth $20K but in second place still.