Ethereum looks stronger than Bitcoin and opens up more prospects for investors to earn money. To this conclusion, comparing the behavior of the two most capitalized cryptocurrencies, came a major Chinese miner Jiang Zhuoer.. He shared his observations with the readers of the Market Review microblog, the miner began by comparing the behavior of bitcoin in the current cycle with the movements of the coin after previous halvings. Assumptions that BTC has already bottomed near $15,476 after the collapse of the FTX crypto exchange in November 2022, the miner is sure, allow us to conclude that all cryptocurrency bear markets are extremely similar. Here's what Jiang Zhuoer noticed: If the assumption is correct, in all three cycles after the 2012, 2016 and 2020 halvings, it took about the same amount of time for the coin to decline from the cyclical high to the low. The absence of attempts to update the minimum from BTC, the miner is sure, allows us to conclude that the four-year cycles of bitcoin (the period from one halving to the next) are inviolable. Comparing the behavior of bitcoin after the 2020 halving with the movements of the coin after the 2012 and 2016 halvings An analysis of market sentiment, Jiang Zhuoer noted, indicates that BTC is now going through the last period of sideways movement. At the same time, new shocks, for example, such as the possible collapse of DCG, the miner believes, are already included in the price of bitcoin.. In total, Jiang Zhuoer gave two Bitcoin predictions: 1. Optimistic. If the assumptions that the current Bitcoin movement cycle is similar to the behavior of the coin in 2018 are correct, then the flat may last another two months. 2. Pessimistic. If assumptions that the current cycle of bitcoin is more similar to the behavior of the coin in 2014 turn out to be correct, the flat could last eight months. Ethereum, while, according to the miner, looks much stronger than BTC. Jiang Zhuoer believes that the position of ETH, in many ways, strengthened the EIP-1559 update, which brought the coin closer to the emission reduction. In his opinion, general technical changes against the backdrop of the cryptocurrency moving from extremely energy-intensive PoW to a more environmentally friendly PoS algorithm gave Ethereum strength.. Comparison of Ethereum's behavior over the years “After the collapse of FTX, unlike Bitcoin, ETH did not update the lows, but stayed at current levels and continued to move sideways,” Jiang Zhuoer said. The miner explains the persistence of Ethereum by a decrease in the inflation of the project against the backdrop of migration to PoS. “I expect Ethereum to show growth before Bitcoin and be the leader of the next growth cycle.. This [ETH growth] could happen between March and May 2023,” the Ethereum miner summed up his forecast. Recall that earlier the editors of BeInCrypto published an Ethereum forecast for 2023 from experts. Disclaimer All information contained on our website is published on the principles of good faith and objectivity, and for informational purposes only.. The reader is solely responsible for any actions taken by him on the basis of information received on our website.
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