ETH/BTC hits 5-year low as trader suggests rotation into stronger alts
The last time the Ether to Bitcoin ratio fell to levels this low, its price surged 1,650% just 12 months later.
Ethereum’s value against Bitcoin has hit its lowest level since mid-2020, with a crypto trader suggesting that it might be time to shift into higher-performing altcoins.
“If still stuck on ETH, it is likely a good time to dump it to buy a higher beta altcoin,” economist and crypto trader Alex Kruger said in a March 12 X post.
“If the market goes down, you’ll likely lose equally in both cases, but if it goes up, you’ll likely outperform significantly and can then swap into BTC,” Kruger opined.
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Author: Ciaran Lyons
