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Blog

Date:
15th Dec 2020
Author:
CryptoAltum Research Team

Ethereum Price is going to $10k


Anthony Sassano not only thinks Ethereum is currently cheap and could rally to $10k but he has also convinced the native currency of the world computer is money, just like Bitcoin or Litecoin. Analysts are overly confident of Ethereum’s prospects and at spot prices, coupled with supportive fundamentals, expect ETH to rally above $600 to new highs.


Details: 

Sassano is an Ethereum bull. This is not the first time he projects the coin’s price to tear higher above this year’s highs of around $640. If anything, Ethereum’s fundamentals are solid and the launch of the first phase of Eth2 combined with other improvements like EIP-1559 and Layer-2 solutions like Optimistic Rollups (ORUs) could be why analysts are bullish. Already, there are new “Ethereum only” investors according to Grayscale. In the last month alone, the digital asset manager bought over $215 million of ETH on behalf of their investors.


Impact on the ETH Price: 

Bullish. The ETH price is more than 4X since the beginning of the year. With solid anchors, analysts are confident. It may be years before $10k but that most are bullish could help fan more demand—even FOMO for ETH going forward.


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