Bitcoin pioneer billionaire Tyler Winklevoss said this week on his Twitter profile that ethereum (ETH) is priced 51% below its historic high, which he said is a rip off.
“The price of ether $ ETH is now $ 735. This is a 51% discount from its historical record, which is like buying bitcoin for $ 14,000. What is theft, ”he wrote on Twitter.
The maximum price reached by crypto was recorded on January 13, 2018, the day it hit $ 1,400. Early Saturday afternoon (2), ETH is traded above $ 760, according to the Ethereum Price Index (IPE).
Because of this difference, according to Tyler, cryptocurrency has a lot of space to appreciate.
Twin brother also praises ethereum
Tyler's twin brother Cameron Winklevoss also praised the cryptocurrency. On Thursday (31), he said in the Twitter that many financial advisers who have advised their clients not to buy ethereum are likely to have difficult conversations with them at this time of high.
As of Friday (1), Cameron recalled that ETH was the asset with the best performance in 2020, registering an increase of 450% over the year. He also said that he bet on the currency.
“$ ETH was the best performing asset (up to 450%) in 2020, and is still below its historic maximum. Today is the equivalent of 15K of #bitcoin. I would make that bet all day ”.
Factors that support optimism
Santiment, a crypto analysis company, published on Twitter that the optimism regarding the digital asset is due to some factors.
One of them, according to the company, is the number of whales accumulating the cryptocurrency, which shows confidence among long-term investors with high capital.
“With $ ETH exceeding $ 750 for the first time in 31 months, we found that there are 39 more #ethereum addresses with more than $ 10,000 ETH compared to just two months ago. Meanwhile, the number of addresses containing from 1 to 10,000 $ ETH has shrunk over this time ”.
It is worth remembering that, in addition to whales, retail investors are also betting on cryptocurrency. The number of addresses with ethereum reached 51,491,730 at the end of December, 48% more than in January last year.
The February launch of ethereum futures contracts – announced last month by the CME Group – also helped to make investors and analysts optimistic. CME Group is the largest derivatives exchange in the world.
Finally, the Ethereum 2.0 blockchain is also viewed favorably by investors from the crypto universe. Until the beginning of last month, as reported by the Bitcoin Portal, the network had 1 million ETH’s locked