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Seeking Alpha 2021-10-21 12:53:26

Ethereum, Cardano, Solana trade in the green as bitcoin holds on to gains

Cryptocurrencies including Ethereum (ETH-USD), Cardano (ADA-USD), Solana (SOL-USD), VeChain (VET-USD) and Ethereum Classic (ETC-USD) outpace Bitcoin (BTC-USD) on Thursday, just a day after the largest digital token marked new all-time highs at $67.7K. Since bitcoin (BTC-USD) reached that peak on Wednesday, it has pulled back somewhat to as low as $64.2K on Thursday, now standing at $64.8K. Looking at the chart below, Solana (SOL-USD), the sixth largest crypto by market cap, outperforms its peers, including bitcoin (BTC-USD), by as much as 13 percentage points in the past five days; also leads on a Y/Y basis, generating a 9,510% return. On Ethereum (ETH-USD), Fundstrat's Head of Digital Asset Strategy, Sean Farrel, expects ETH to reach $10K as the second largest token attempts to break out of its all-time high of $4.4K from mid-May, he told Yahoo Finance Live. "What we've seen in prior bull market cycles for bitcoin is that bitcoin

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