Nigel Green believes that ETH will exceed $5,000. He bases his forecast on the active breakthrough of the crypto above $3,000, which occurred on Monday
He said ETH grew 95% higher than BTC in 2021. Largely due to interest from institutional investors. Greene believes the momentum will increase and ETH will reach $5,000.
This will happen as the popularity of NFT and DeFi projects is constantly growing. This increases the popularity of ETH. Next year, ETH will significantly weaken Bitcoin's position in the market.
Compared to other crypto projects, ETH has greater scalability, the ability to launch smart contracts and unique blockchain technology. All this will provide the crypto with sufficient incentive for new growth.