According to Odaily, Daniel Yan, the co-founder of Matrixport, has expressed his ongoing disappointment with the development of Ethereum on platform X. Despite his dissatisfaction, Yan acknowledges that from a technical perspective, Ethereum is currently in a phase of rebound in its exchange rate with Bitcoin (ETH/BTC).
Yan predicts that the ETH/BTC exchange rate could potentially rise by 5% to 0.049. However, he also warns that if such a situation occurs, the increase might quickly diminish. This statement suggests a level of uncertainty in the cryptocurrency market, particularly concerning the performance of Ethereum against Bitcoin.
It's worth noting that Yan's views are his own and may not necessarily reflect the broader market sentiment. The cryptocurrency market is known for its volatility, and predictions can often be challenging to make with absolute certainty. Investors are advised to conduct their own research and exercise caution when trading.