A well-known analyst has named a digital asset that will surpass bitcoin

Cryptocurrency expert Raul Pal claims that the leading smart contract platform Ethereum ETH $3,446.62 Ethereum -0.88% Market capitalization $414.25 billion VOL. 24 hours $0.55 billion will outperform bitcoinas crypto markets enter a new «spring» phase.

The former Goldman Sachs executive tells his followers on the X platform that based on Tom Demark’s sequence indicator (aimed at identifying points of trend exhaustion or price reversal — ed.), ETH may outperform BTC.

«This is the weekly DeMark 9 count for the ETH/BTC cross. From here, ETH is likely to outperform, as is usual at this point in the late crypto spring,» Pal writes.

The expert continues to argue that exchange-traded funds based on ethereum ETFs will be the «holy grail» for asset managers at least until «some form of competition» emerges.

«ETH ETFs are the holy grail for asset managers because they can lock in returns and only provide price performance to ETF holders. It’s a very lucrative business until the competition pushes it out,» Pal said.

Nevertheless, another well-known crypto analyst defends a position that contradicts Pal’s assessment. Recently, crypto strategist Benjamin Cowen said that the Bitcoin Dominance Index BTC $62,665.94 Bitcoin -0.36% Market capitalization $1.24 trillion VOL. 24 hours $1.27 billion will continue to be bullish, which means that altcoins, including ETH, will lag behind BTC.

«My cryptocurrency portfolio over the past few years has been predominantly bitcoin because I suspect it will outperform most of the market — not the entire market, but most of the market — and that’s why bitcoin’s dominance has increased,» Cowen said.

At the time of writing, ethereum is trading at $ 2,051, down 0.21% from yesterday. According to the CoinMarketCap analytical tracker, the coin’s market capitalization reached $ 246.7 billion, and traders made daily trading deals worth $ 9.3, an increase of 2.14%. Ethereum’s market share is 17.4%.