Ethereum $ETH will start rising earlier than Bitcoin $BTC in next cycle, JiangZhuoer explains why Bitcoin
If the November 2022 decline triggered by the FTX drama was the ultimate bottom of this cycle, the four-year period remains valid for every major cycle in crypto. As such, the potential collapse of Digital Currency Group, which is being widely discussed in the media, is already priced in and will not affect the price significantly.
Then, while the new upsurge is almost imminent, the market can follow one of two scenarios. If the optimistic one plays out, the rally might start two months after the last phase of"sideways" moves.The pessimistic scenario, meanwhile, opens the road to an eight-month painful"sideways" period. Thus, cryptocurrency capitalization might start its new rally in early Q4, 2023.Also, Mr. Jiang Zhuoer is fascinated by the prospects of Ethereum compared with Bitcoin .
More specifically, looking at the data of Ethereum , the inflation rate was 3.59% when ETH was in Proof-of-Work . Bitcoin's inflation rate is 1.72%. Even after the bear market, with the inactive coin burning, the ETH inflation rate is as low as 0.01%. Besides that, Ethereum's price decline during this bearish cycle is only 80% of that of the largest cryptocurrency, which is yet another indicator of Ether's maturity as an asset.
As such, Ethereum will start rising earlier than Bitcoin ; the first spike can be expected between March and May 2022, Mr. Jiang Zhuoer says.
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