Garrett Jin, known as the "1011 insider whale," has suggested that Ethereum (ETH) is poised to outperform the Nasdaq 100 in the coming months. Jin highlighted that the ETH/Nasdaq 100 ratio has consistently bottomed out around 0.11, suggesting a bottoming-out phase for ETH. He anticipates the ratio could rise to between 0.16 and 0.22, indicating a potential upside of 50% to 100%.
Jin's analysis points to the high correlation between Ethereum and the Nasdaq 100, suggesting that any significant divergence is unlikely to last. He also notes the broader economic context, including potential US quantitative easing and direct cash stimulus, as factors that could influence this trend. Additionally, SEC Chairman Paul Atkins's efforts to migrate US stocks to Ethereum could further impact the market dynamics.
Garrett Jin Predicts Ethereum to Outperform Nasdaq 100
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