{"id":426528,"date":"2020-06-08T10:00:10","date_gmt":"2020-06-08T10:00:10","guid":{"rendered":"https:\/\/wncen.com\/?p=426528"},"modified":"2020-06-08T09:29:42","modified_gmt":"2020-06-08T09:29:42","slug":"ethereum-coiling-breakout-analyst","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-coiling-breakout-analyst\/","title":{"rendered":"Ethereum Is “Coiling” for a Breakout as ETH 2.0 Nears: Here’s What Analysts Are Saying"},"content":{"rendered":"
Ethereum rallied so far and fast in 2017 that there was a point at which analysts were expecting the market capitalization of ETH to flip that of Bitcoin. Fittingly, this event was dubbed the \u201cflippening.\u201d<\/p>\n
But since the 2018 all-time high, the cryptocurrency has deflated massively. One Ethereum used to buy close around 0.15 BTC, but now it can buy only around 0.025 BTC \u2014 a more than 80% drop from the all-time high.<\/p>\n
A growing number of analysts are coming to the conclusion, though, that it may be time for Ethereum to gain ground on Bitcoin once again. Whether the gains of 2017 and 2018 can be repeated, though, remains to be seen.<\/p>\n