Traders pin Ethereum’s route to new ATH to eventual Bitcoin ETF approval
Cointelegraph
Published Oct 12, 2021 03:35PM ET
Updated Oct 13, 2021 05:20PM ET
The price of Ether (ETH) is lagging Bitcoin's (BTC) price action by 13% in October, but is this relevant? To date, the altcoin has still outperformed BTC by 274% in 2021. However, traders tend to be short-sighted and some will question whether the Ethereum network can successfully migrate to proof of stake (PoS) validation and finally solve the high gas fees issue.
Moreover, the increasing competition from smart contract networks like Solana (SOL) and Avalanche (AVAX) have been worrying investors:
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Written By: Cointelegraph
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