Since 2015, $ETH has consistently been the Queen of the Crypto market, always maintaining an annual growth rate comparable to BTC. So where does ETH stand today?
Looking at the ETH/BTC chart, it’s clearly that compared to BTC, ETH has hardly grown during this bullrun cycle. So, what happens if ETH starts to accelerate and catches up with BTC?
In the most modest scenario, if BTC peaks at around $120,000 and ETH/BTC reaches 0.088 (the peak of the 2021 cycle), then ETH would be: 0.088 x $120,000 = $10,560 (3x the current price).
In the most extreme scenario, if BTC peaks at around $180,000 and ETH/BTC reaches 0.12 (the peak of the 2017 cycle), then ETH would be: 0.12 x $180,000 = $21,600 (6x the current price).
That is why $ETH is still very cheap!
