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More Institutional Funds Will Flow Into Ethereum, CryptoQuant CEO Predicted
Summary: As more and more institutional investors pour their money into Bitcoin, the altcoins are boosted but have limited gains. As the second-largest cryptocurrency in the market cap, the price of ETH is undervalued from the perspective of institutional investment, says on-chain analyst and CryptoQuant CEO Ki Young Ju. Ki Young Ju analyzed: "Gray ETH AUM: ...
As more and more institutional investors pour their money into Bitcoin, the altcoins are boosted but have limited gains. As the second-largest cryptocurrency in the market cap, the price of ETH is undervalued from the perspective of institutional investment, says on-chain analyst and CryptoQuant CEO Ki Young Ju. Ki Young Ju analyzed: "Gray ETH AUM: BTC AUM = 1: 7.76, ETH market cap: BTC market cap = 1: 6.07. There is a 27% gap, and they will buy more ETH. "
Ki Young Ju also makes a prediction that if Grayscale rebalances its portfolio based on the market cap, and the price of Ethereum will be $903. According to Bitpush data, the current price of Ethereum is around $714.
By Mary Liu
Tags: Bitcoin,Cryptocurrency,ETH,Institutional Investor,Institutional Investor
Link: More Institutional Funds Will Flow Into Ethereum, CryptoQuant CEO Predicted [Copy]
