Ethereum is actually outperforming Bitcoin in 2020. The price of the leading cryptocurrency is up to $460 as of this article’s writing, but peaked at even higher levels in the summer.
Even after this rally, the coin remains far below its all-time high price of $1,450, set in the peak of the bubble in early 2018.
Analysts think that Ethereum could surge past that all-time high in this cycle, though.One crypto-asset quantitative analysis, with a PhD in engineering, recently stated that he thinks the cryptocurrency could move toward $10,000 in the following market cycle.
Referencing the chart below, which depicts this scenario playing out over the next three to four years, the analyst stated