Bitcoinist9 minutes ago

Published on October 02, 2023 07:09 GMT+00:00edited on October 02, 2023 07:14 GMT+00:00

Ethereum (ETH) is on the spotlight with predictions suggesting it could soon overshadow Bitcoin (BTC) in terms of long-term performance, courtesy of insights shared by prominent crypto analyst and trader Dave the Wave.

While this may seem like a bold prediction, Dave the Wave’s analysis offers intriguing insights into the evolving dynamics of the crypto market.

In a recent post, he emphasized the importance of taking a longer view when assessing the performance of cryptocurrencies. He noted that analyzing a multi-year timeframe reveals a more nuanced picture of the Ethereum-Bitcoin pair. While a shorter timeframe might show a series of lower highs and lows, a broader perspective indicates the potential for a different narrative.

ETH/ BTC

Careful of [shorter-term] hindsight bias – …