Cake CEO Calls ETH as a Better Investment Than BTC

A race has begun between ETH and BTC and various experts are giving their points of view in this regard. During the past couple of weeks, both crypto assets Ethereum (ETH) and Bitcoin (BTC) have seemed to be volatile and controversial.

Cake CEO’s Tweet About ETH

 The instability of Bitcoin’s prices and volume has given much space for ETH to come forward. CEO of Cake Group has been tracking the trading volume of BTC and ETH and shares his conclusion via X (formerly known as Twitter). Julian Hosp, the Chief Executive Officer (CEO) of the Cake Group claims that Ethereum (ETH) is a far better investment if compared to Bitcoin (BTC).

Also Read: Cold Wallet of FTX Transacts Crypto Worth More Than $10 Million to Ethereum

Earlier today, the CEO (Chief Executive Officer) of the Cake Group shared a post on Twitter in which he validated Ethereum (ETH) with analytics.  In a tweet, he said that ETH is a far better investment if we compare it with BTC. He added that this is not for now but ETH has been at a better point for many years. In his tweet, he emphasized that if you want to hold a coin in your hand that should be ETH instead of BTC.

Analytical Aspect of the Tweet

It has been word of mouth that ETH might be at the point of the sell-off as it has been in the news for a couple of months due to the massive transference over the exchanges. PeckSheildAlert, WU Blockchain, and Whale Alert have recently posted the transfer details of ETH during the last weeks. The sell-off likely occurred due to large ETH transfers from addresses associated with Vitalik Buterin.

Source: TradingView

If we go through Coinmarketcap.com, we shall see that ETH has seen a miner loss of 0.08% in the last 24 hours. But, still, ETH is trading at $1632.04 at the time of writing this article. Moreover, ETH has witnessed a slump of 4.94% during its weekly performance. ETH’s recent technical analysis shows bearish signs with the 9-day EMA below the 20-day EMA, a low RSI of 36, but a potential trend reversal indicated by the RSI’s upward tilt.