Ethereum may surpass Bitcoin in the next quarter — Santiment

Analysts predict that Bitcoin BTC $107,931.68 Bitcoin -1.66% Market capitalization $2.15 trillion VOL. 24 hours $1.79 billion is likely to show a weaker performance in the third quarter of this year, while Ethereummay outperform the entire crypto market.

Santiment expert Brian Quinlivan noted that excessive expectations of Bitcoin’s growth on social media usually signal the opposite movement, which means that the market is not yet ready for a new leap. However, after a few «near-breakouts,» aggressive growth may occur, pushing Bitcoin higher.

Currently, Bitcoin is trading around $ 109,679, only 2.1% below its high of $ 111,970 reached on May 22. However, Dr. Sean Dawson from Derive predicts that Q3 will be a traditionally weak period for Bitcoin: on average, this quarter yielded only 6% of profit, while the next quarter was over 85%. The main risks are macroeconomic uncertainty and the likely stabilization of Fed rates, which reduces the attractiveness of Bitcoin.

Regarding Ethereum, Quinlivan notes that «a lot of people have already paid attention to it,» and ETH is «catching up» to the market after hitting a low of $ 1,472 in April. Currently, ETH is trading at $ 2,793 and is showing greater potential amid general investor optimism.

At the same time, experts warn that the summer season and lower trading volumes could lead to sharp fluctuations or even a drop in prices due to profit-taking.