In a recent report released by a fintech media and data company Benzinga, along with the crypto traders, Ethereum will outperform Bitcoin by 2021 end. While the two market giants are fighting for dominance, the market has witnessed a massive drop recently and the market dominance of Bitcoin has dropped to a 3-year low, while Ethereum’s surged. Crypto Traders Say Ethereum Will Outperform Bitcoin Talking about the recently conducted survey, the data collected has been obtained from over 100 crypto traders and reveals their beliefs of Ethereum outperforming Bitcoin soon. In addition to this, the survey revealed that Ethereum will soon become the top crypto asset. 80.8% that were included in the survey indicated that Ethereum has the potential to surpass Bitcoin in terms of market dominance through the end of this year. Along with this, Benzinga explains that Ethereum is already leading the return on investment (ROI) in 2021 so far. Well, regardless of the inclination towards Ethereum, the participants in Benzinga are still bullish on Bitcoin. Logan Ross, the content creator of Benzinga revealed: “Only 12.8% of respondents believe that Bitcoin will close the year below the $55k mark.” Reports Highlights ETH Price Predictions Were Positive As the price targets of the survey are concerned, the report released by Ross highlights: “Only 20.5% of crypto investors believe that Ethereum will close the year below $4k, while 11.8% said that Ethereum will end the year over $10k. The majority believe that ETH will end the year between $6-10k.” When asked about the most interesting and promising project build on the Ethereum network, one of the participants told Benzinga: “The incoming ETH 2, staking is open which will cause many to buy and unable to sell if they stake to promote the new blockchain, (including me), I believe this will drive the price higher until ETH 2 is released, then a huge sell-off creating a perfect opportunity to ‘buy the dip.”
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