Pantera Capital CEO predicts Ether and Polkadot growth

by in Cryptocurrency News

Pantera Capital CEO

Pantera Capital CEO Dan Morehead is known as one of the strongest proponents of Bitcoin. He has previously stated on several occasions that BTC could reach $ 100,000 in 2021.

This week, the businessman spoke positively about altcoins Ether (ETH) and Polkadot (DOT).

He tweeted that his company is committed to the long-term growth in the value of these two cryptocurrencies. Already last year, we saw how these altcoins achieved exceptional results.

For example, only the share of one ether on the market has grown from 16% to 21%. In 2021, a more impressive mouth in the value of altcoins is expected.

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ETH and DOT are rising in value today along with Bitcoin. At the time of this publication, these cryptocurrencies were trading above $ 1,415 and $ 17, respectively (+ 7% and + 2%).

One of the key drivers of growth in the cost of ether may be the launch of ETH futures on the Chicago Stock Exchange in February this year. Many analysts expect institutional investors to hit the airwaves after the launch of such a product.