Historically, halving events that cut miners’ block rewards in half has led to price increases in Bitcoin (BTC) and Ethereum (ETH). With the Bitcoin halving event steadily getting closer, analysts and investors are looking forward to seeing a major bull run following the completion of the halving cycle. As a result, various analysts have predicted massive price spikes in both cryptocurrencies.
With Bitcoin (BTC) and Ethereum (ETH) predicted to rise more than two times its current value according to a crypto analyst, innovative tokens like ETFSwap ($ETFS) are also gearing towards a price increase to the coveted $1 during the 2024 bull run.
CEO Foresees Ethereum (ETH) Surging To $15,000
Founder and Chief Executive Officer (CEO) of Morgan Creek Capital, Mark Yusko, has made a bold prediction about Ethereum (ETH), the second-largest cryptocurrency in the world. Appearing in a recent interview with Austin Arnold of Altcoin Daily, the hedge fund manager predicted the price of Ethereum (ETH) to surge to $15,000.
Yusko has based his analysis of Ethereum’s future outlook on its historical ratio to Bitcoin. According to the CEO, there has been a 10:1 ratio existing between the two cryptocurrencies for a long time.
However, considering Bitcoin’s current price of $66,572 and Ethereum’s around $3.352, there is a notable 15:1 ratio between them. Based on this ratio, Yusko has asserted that if Bitcoin (BTC) witnesses a surge to $150,000, then Ethereum (ETH) would see its price increase between $10,000 to $15,000.
Bitcoin (BTC) Expected To Hit $150,000 In 2024
On March 27, Yusko made another prediction, focusing his attention on Bitcoin (BTC) this time. He foresaw a massive price increase for the pioneer cryptocurrency, predicting that BTC would hit $150,000 towards the end of 2024.
The hedge fund manager revealed several catalysts he believes would help push the cryptocurrency to this exponential price value, including the upcoming Bitcoin halving event and increase in demand in Spot Bitcoin Exchange Traded Funds (ETFs).
According to the CEO, after the Bitcoin halving cycle in April, the cryptocurrency is anticipated to double its fair value to surge to $150,000. He revealed that the impact of the halving event on Bitcoin’s supply would greatly contribute to this price change.
Yusko has also crowned Bitcoin (BTC) as the king of cryptocurrencies, highlighting that it is a better form of gold or digital property.
ETFSwap ($ETFS): A Futuristic Token Set To Capture The Attention Of Investors
ETFSwap ($ETFS) will be offering investors a one-of-a-kind investment token which will grant them access to buy and trade ETFs on its dedicated trading platform. Users from different regions can also choose to stake their $ETFS tokens for increased returns or leverage up to 10x leverage to amplify their investment profits.
Like most innovative decentralized tokens in the crypto space, ETFSwap ($ETFS) will effectively utilize the power of blockchain technology to provide users with greater transparency, security and liquidity. In terms of security, the token offers users complete control over their transactions and anonymity by eliminating KYC requirements, ensuring that there is no involvement from regulatory agencies and banks.
Investors can access various trading opportunities by purchasing this token during its ongoing presale phase. Presently, ETFSwap ($ETFS) is in the first stage of its presale, with hundreds of investors scrambling to buy the token at a low price of $0.00854. Due to the increased demand, the price of this token may see its value crossing the $1 mark soon.
More than 5.4 million tokens have already been sold in just the first stage, a testament to the cryptocurrency’s high demand and potential for greater returns. In the second presale stage, the price will increase, and investors will purchase the token at a price of $0.01831.
With only 33 days left in the presale, now is the time to take advantage of the token’s modest price and secure your position among the potential top gainers of the ETFSwap ($ETFS) token.
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