Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Ethereum News & Updates => Topic started by: RSRS on September 19, 2021, 08:48:49 AM
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Cryptocurrency trader and YouTube influencer Lark Davis says Ethereum (ETH) is poised for a 190% rally en route to hitting a five-figure price.
In a new video, Davis tells his 431,000 YouTube subscribers that the second-largest crypto asset by market cap is preparing to appreciate to above $10,000 based on key fundamental factors.
Davis says one of the reasons why Ethereum is set to more than double in price is its falling supply in exchanges.
According to Davis, the supply of the leading smart contract platform in exchanges is in a strong downtrend over the past year as holders either lock their Ethereum in decentralized finance (DeFi) protocols or use their ETH to buy non-fungible tokens (NFTs).
With the supply mechanics working as they are, it’s only a matter of time before the Ethereum supply crisis ends up jacking up the price in a serious way
More Information (https://cryptonews.net/en/news/ethereum/1870093/)