Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Ethereum News & Updates => Topic started by: pambeasely1 on March 26, 2022, 12:46:01 PM
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Ethereum, the world’s second-largest cryptocurrency by market cap, seems to be performing really well after bulls are back in charge after a week and managed to drive the currency above the $3,000 level.
As the currency is trading above $3,100 at present, analysts are bullish about Ethereum price and expect the currency to surge further by the end of 2022.
Bullish Outlook For Ethereum (ETH) Price
Based on discounted cash flow model, Bloomberg analyst Jamie Coutts & market analyst Ryan Allis put forth their bullish prediction on Ethereum.
Jamie Coutts, the analyst at Bloomberg, believes Ethereum’s price to reach the $6,100 level. The analyst asserts that Ethereum enjoys a unique blend of equity, commodity & monetary characteristics.
When talking about the merge of the execution layer & consensus layer, Coutts finds himself in a bullish state. The merger will allow users to stake their Ethereum & earn income and also 30% of the Ethereum transaction fees will be distributed to the stakers.
On the other hand, Crypto quant hedge fund owner & market analyst, Ryan Allis, is of the opinion that ETH market valuations are worth $832 billion and claims Ethereum transaction fees in January 2022 surpassed $1.3 billion.
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Though many people are sad with the continuing high gas fees in the Ethereum network, there is no question that in terms of potential big growth ahead, it still a big contender being the second in line to Bitcoin. Once it can be able to leap to PoS and with many upgrades successful, am expecting that its value can even get beyond the $10K zone though this may not be happening in 2022 maybe in 2023.
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Though many people are sad with the continuing high gas fees in the Ethereum network, there is no question that in terms of potential big growth ahead, it still a big contender being the second in line to Bitcoin. Once it can be able to leap to PoS and with many upgrades successful, am expecting that its value can even get beyond the $10K zone though this may not be happening in 2022 maybe in 2023.
There are different opinions about how the ethereum network will develop further, including how this coin will grow in price. I recently read an opinion that after its grand update, the price of ethereum will first fall, but within two years it will rise to $10,000. I don't know about the drop, but this coin deserves such a price.
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We have long awaited the successful completion of the Ethereum network upgrade, which has been ongoing for over a year and a half. I hope that the current problems of this coin will disappear after such an update, which is expected in June. The price of ethereum at the level of $6,100 by the end of the year may well be, unless, of course, there is some serious negative news that could affect the entire cryptocurrency market.