LIVE๐ด Like I said once, BNB will go $600 ๐
now time for Ether Going to hit $10,000 Mark ! โ๏ธ
My prediction never gonna wrong ๐ฅ
Clear cut reports here ๐
๐ฃ (ETH) has been in the shadow of bitcoin (BTC) for a while, but things could change in 2024, says Juan Leon, a crypto analyst at Bitwise. He predicts ETH could more than double in price, possibly reaching above $8,000 or even $10,000 this year.
๐ฃ Leon believes ETH has two big things going for it. First, the Dencun upgrade this month will make transactions cheaper on layer 2 networks, attracting more users, including regular people, to Ethereum. Second, there's a chance for spot ether exchange-traded funds (ETFs) to get approved by regulators in May, which could bring even more excitement to ETH.
๐ฃ While Leon thinks there's a 50%-60% chance for ETF approval, he's confident it will happen eventually, potentially drawing in conservative investors. This approval, coupled with factors like ETH's deflationary supply, increased staking, and growing decentralized finance (DeFi) activity, could push ETH prices higher.
๐ฃ In the past, when bitcoin surged past $19,000 in late 2020, ETH followed suit, eventually peaking at $4,400 in May. Now, as bitcoin eyes new all-time highs, ETH could be poised for another rally.
๐ฃ ETH is trading at around $3,850, showing a 14% increase in the past week, outpacing bitcoin's 9% gain. Overall, the crypto market is on the rise, with the CoinDesk 20 Index (CD20) up by 13%.
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