Jan 22, 2024

Investors are likely to have a relook at ether as the spot ETF narrative gathers steam and Ethereum remains the dominant chain in the DeFi and NFT world, according to analysts.

Video transcript

The chart of the day is presented by crypto.com, the leading crypto platform trusted by over 80 million users worldwide. Some analysts say that Ether could so this year after the native token of the Ethereum Blockchain underperformed Bitcoin in 2023. Market observers note investors will likely have to take another look at Ether as Ethereum is still the world's leading smart contract Blockchain with key upgrades lined up. It is also widely seen as the next likely candidate to get a spot based f in the US. Ether has outperformed Bitcoin so far this year with the Ether Bitcoin ratio trading 10% higher and that ratio tanked over 25% last year. That's a wrap for the chart of the day. I am Amit Singh. We'll see you next time to unpack more of the data behind the top news stories.

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