Ethereum has been doing extremely well lately, and the price of the coin continues to rise. Just recently the coin has seen a major increase that pushed it past its previous record high. But according to analysts, this may not be the end of the rise in Ethereum prices.
A strategist at Fundstrat global advisors believes that the coin may actually reach a value of $10500. This is about seven times more than the value that we are seeing on this coin at the moment and will put it in a very similar league to the prices we used to see in bitcoin during the middle of last year. Do you think that such a price for Ethereum is possible?
In my opinion, it seems to be a bit of a reach to expect the price to increase this much, however since release ETH 2.0, there has been major increases in the price and it does seem to be the best alternative to bitcoin and that could be why people are investing in it. So whilst I think it is a far stretch, I wouldn’t go as far as to say that it is impossible.
A strategist at Fundstrat global advisors believes that the coin may actually reach a value of $10500. This is about seven times more than the value that we are seeing on this coin at the moment and will put it in a very similar league to the prices we used to see in bitcoin during the middle of last year. Do you think that such a price for Ethereum is possible?
In my opinion, it seems to be a bit of a reach to expect the price to increase this much, however since release ETH 2.0, there has been major increases in the price and it does seem to be the best alternative to bitcoin and that could be why people are investing in it. So whilst I think it is a far stretch, I wouldn’t go as far as to say that it is impossible.