Opinion: Ethereum could reach $10,000 by year-end

In 2021, Ethereum could outperform Bitcoin in returns, and the coin’s price could rise to $10,000. This forecast came from the well-known crypto trader and host of The Wolf Of All Streets podcast, Scott Melker, in an interview with Cointelegraph.

In his view, the current period of Bitcoin price consolidation has been very favourable for the second-largest cryptocurrency, whose price recently reached new highs. It is Ethereum’s performance that the trader named the main catalyst for the rally in the altcoin market.

He said that in recent months he has largely shifted his strategy from the first cryptocurrency to Ether.

“It reminds me of investing in the Internet in the early 1990s,” Melker said.

He does not consider his short-term forecast for Ethereum’s price overly bold:

“I don’t understand why this is crazy. Essentially, it’s only an increase of less than five times from the current price. Bitcoin rose nearly threefold last year.”

Earlier, Kraken analysts also have suggested that Ethereum’s returns could surpass Bitcoin’s performance, with the coin’s price exceeding $15,000.

In the rise of the second-largest cryptocurrency, Anthony Scaramucci, founder and managing partner of SkyBridge Capital, is confident.

In the first three months of 2021, Bitcoin rose by almost 103%, marking the best first-quarter performance for the flagship since 2013. Ethereum prices over the period gained more than 250%.

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