Lark Davis: "Ethereum can outperform Bitcoin"

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A well-known crypto blogger and trader announced on his social networks that the number of Bitcoin and Ethereum holders has increased significantly over the past year.

Lark Davis says thatthe number of ETH holders grew by 263% in 2022, while the number of BTC holders only rose by 20%. From this, the expert concludes that Ethereum turned out to be better than Bitcoin.

Although the increase in the number of ether holders turned out to bemore significant than Bitcoin, the latter is still preferred by institutional investors, some commentators responded to Davis.

According to data
TradingView website, both cryptocurrencies forPrices have gone up in recent days. BTC added 1.61% and ETH added 2.32%. Bitcoin has been in a growth phase for several weeks now. This allowed the price of the first cryptocurrency to rise above the resistance level around $21 400 and turn it into a support level.

For further growth, Ethereum needs to overcome the resistance level around $1 700.

Previously, we published a detailed analysis of the situation with the cost of BTC and some altcoins.