- Altcoins market cap against Ethereum has been on a multi-year decline.
- Ethereum has outperformed several altcoins despite wider market assumptions that they provide leveraged exposure to its price.
- 2x long ETH could yield better results than purchasing altcoins ahead of the Ethereum ETF launch, said analyst.
A recent analysis by onchain analyst Thor Hartvigsen reveals that Ethereum could outperform altcoins after the launch of ETH ETFs despite wider market assumptions that these tokens provide leveraged exposure to ETH.
Ethereum has performed fairly better than most altcoins
In a recent issue, Thor Hartvigsen of On Chain Times noted that investing in Ethereum-related altcoins to gain leveraged exposure to ETH may be a poor strategy ahead of the ETH ETF launch.
Hartvigsen highlighted that it's difficult to find specific altcoins that can outperform ETH, as the total altcoin market cap vs. Ethereum has been in a multi-year decline
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