Ethereum will reach US$10,000 this year, says a trader who predicted Bitcoin increase in 2013.
After the most recent drop, analysts say the market’s speculative excesses have eased and fundamentals have become even stronger and more optimistic for the rally’s continuation.
Ethereum ‘s big investors are optimistic this year, and the community continues to expect new price records every month. Analysts’ forecasts are more optimistic than ever, and long-term investors like Davinci Jeremie are betting on $10,000.
Jeremie, who is an avowed Bitcoin fan, had already won over the community in 2013 when he asked everyone to buy at least a dollar of the cryptocurrency. A risk that seemed worth it to him and others who followed his advice.
“I hope you buy $1 worth of Bitcoin. Just a damn dollar. Because you’ll thank me for just $1.” – Said in a video in 2013.
He has now said that Ethereum could hit the $10K mark later this year.
“No matter what happens in the short-term, Ethereum goes to $10,000 and more this year!”
Ethereum at US$10,000
Ethereum is currently trading in the $2,800 range, up 2% in the past 24 hours. After dropping below $1,800 on May 23, the digital asset quickly rebounded above the $2,000 level.
Reaching its historic high of $4,350 may take a while, but at the current pace, there is room for the asset to cross that price mark even faster.
With the increasing adoption of the Ethereum network, whether with NFTs or decentralized applications (DeFi), investors are waiting to see if the asset outperforms Bitcoin in percentage gains as many analysts are predicting.
Jeremie, like many other market analysts, insists that having Bitcoin and Ethereum can be an asset to a portfolio, as the two assets will succeed in the future in different ways.
“I know Bitcoin will be transaction money one day. I also know that Ethereum will be the web and/or replace brokers and complex financial institutions such as insurance and derivatives. I think you must have both!”
Bull Market Path
The Ethereum platform has been gaining a lot of news in recent days – an analysis by Bloomberg Intelligence recently stated that the digital asset is on a “higher beta bull market path”.
The analysis claims that Ethereum may follow a similar path to Bitcoin in 2017 when cryptocurrency went from around $1,000 to $20,000.
After the most recent drop, analysts say the market’s speculative excesses have eased and fundamentals have become even stronger and more optimistic for the rally’s continuation.
