Bloomberg Analyst: If ETH Drops to $1500, Tether's Market Cap Will Surpass ETH
BlockBeats News, February 12th, Bloomberg Intelligence's Senior Commodity Strategist Mike McGlone stated, "If ETH drops to $1500, Tether's market capitalization will surpass ETH's. The longest-lasting trend in the crypto market is Tether 'surpassing everything,' with only Bitcoin and Ethereum yet to be surpassed. Tether is poised to surpass Ethereum's market cap near its key support level of around $1,500 if Ethereum falls to that level. Earlier, Ethereum had already broken below its key $2,500 support level dating back to 2024. I think eventually Tether may even surpass Bitcoin, which is currently around $10,000."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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