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BITWISE EXEC MAKES OUTRAGEOUS PREDICTION: ‘Ethereum Is a Contrarian Bet’ – Yeah Because That’s Exactly What Happened Last Time

An illustration of an underdog dog wearing an Ethereum jersey, sitting at home watching its rival Solana (a cat) run past with a 38% year-to-date gain on the scoreboard behind it. The Ether price chart is shown as a downtrend line below, while Bitcoin's parabolic phase is depicted in the background as a rocket ship blasting off.

Just when you thought it was safe to go back into the crypto pool… A ‘contrarian bet’ on Ethereum? Are they kidding me? Matt Hougan from Bitwise Asset Management thinks Ether is an underdog headed into 2025, but I think that’s just a nice way of saying he’s desperate. The thing about contrarians is, most often they’re wrong. And in this case, it looks like the whole crypto world has been waiting for Ethereum to stage some kind of rally since January… and so far, zilch.

Source: cointelegraph

Ether (ETH) price has struggled to gain upside momentum since the start of 2024. Is Ether really a contrarian bet for 2024, or could it still stage an upside rally? According to Matt Hougan, Bitwise Asset Management’s chief investment officer (CIO), Ethereum could be the underdog headed into 2025. Hougan noted that Ether has been struggling, particularly after ETH hit an over 42-month low against Bitcoin (BTC) on Sept. 16. […]

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