Anonymous analyst Altcoin Sherpa predicted that Ether would outperform Bitcoin by providing his price targets for XRP, ALGO, and RSR. He said ETH might outperform BTC, as the value of the ETH/BTC pair was at 0.068 BTC.
The bulls recently outperformed the bears as overall crypto assets had accumulated significant gains. Bitcoin (BTC), the pioneering cryptocurrency, retested the USD 20,000 level again, driving the market higher.
Bitcoin (BTC) is trading at around USD 18,940 and has accumulated a 6.3% loss over the last 24 hours. While its daily trading volume is above USD 50.39 billion, its market capitalization is about USD 362.94 billion, according to CoinGecko.
Meanwhile, Ether (ETH) is worth about USD 1,296 and has lost 65% of its value over the last 24 hours. With a daily trading volume of more than USD 17.72 billion, its market capitalization is roughly USD 156.08 billion, according to CoinGecko.
Altcoin Sherpa, a famous anonymous cryptocurrency analyst, and trader, predicted that Ether would outperform Bitcoin. He provided his price targets for the altcoins XRP, Algorand (ALGO), and Reserve Rights (RSR).
The analyst told his many Twitter followers that the ETH/BTC pair would rise from its levels near the 200-day moving average (MA). He said Ether has a good chance of outperforming Bitcoin, as the pair was at 0.068 BTC.
Analysis of the Price of XRP
Altcoin Sherpa seems bearish regarding XRP, the native token of the Ripple network. He sees a gap between the previous price and the current exponential moving average (EMA) as XRP tests the 200-day EMA.
However, the anonymous cryptocurrency analyst stated the previous prediction would pull back if the price of Bitcoin rose.
XRP is currently trading at around USD 0.428069 and has accumulated a 2.15% loss over the last 24 hours. While its daily trading volume is above USD 2.61 billion, its market capitalization is about USD 21.35 billion, according to CoinGecko.
Analysis of the Price of Algorand
Algorand is the next altcoin attracting the attention of the anonymous trader, as it is also the rival of Ethereum. The strategist believes that the price of ALGO might have a bearish momentum and predicts USD 0.35 as the buy zone.
ALGO is trading at around USD 0.33 and has accumulated an 8.1% loss over the last 24 hours. While its daily trading volume is above USD 193.02 million, its market capitalization is about USD 2.34 billion, according to CoinGecko.
Analysis of the Price of the Reserve Rights Token
Altcoin Sherpa also discussed the Reserve Rights (RSR) token, which supports the stability of the stablecoin Reserve (RSV).
According to the analyst, the RSR price will rise by almost 30% from its trading area and may reach nearly USD 0.0099.
RSR is trading at around USD 0.008649 and has accumulated a 13.3% gain over the last 24 hours. While its daily trading volume is above USD 157.82 million, its market capitalization is about USD 365.42 million, according to CoinGecko.
Despite the volatility in the price of cryptocurrencies, the predictions made by Altcoin Sherpa are likely to occur. It is only a matter of time before seeing where the price of Bitcoin and Ether will head next.
By Alexander Salazar
