Analyst: 2021 a Perfect Time For Ethereum, Decentralized Exchanges to Boom
The third quarter of 2020 has seen the strong resurgence of decentralized finance (DeFi) on Ethereum. With it, the demand for decentralized exchanges (DEXes) surged, causing Uniswap to briefly overtake Coinbase Pro at one point. Heading into 2021, Ethereum and decentralized exchanges would likely perform even better, quant trader Qiao Wang said. Two Reasons an […]
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The market has been struck by the bears, but Ethereum (ETH) has managed to maintain side movement in the 24-hour chart. Trading at $2.404,36, ETH moved towards a new all-time high before the crash. Investors looking for a good entry for a long position could benefit from the current dip. Analyst Ben Lilly has been […]
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Paul aka Paul_btc, a crypto analyst and expert, says Ethereum is not holder friendly but perfect for trade. In fact, his contention is backed by the large quantity of Ether issuance in a day. Building on his assertion, Paul adds: "Let’s take a look at the daily issuance of ETH tokens. It is quite a lot, and it doesn't decrease. So basically to maintain the price of the market there has to be buying those amount of coins daily." Ether as the crypto fuel that powers the distributed application on the Ethereum platform which at the moment essentially has no use, he contends:....
The year has come with a lot of optimistic predictions for the price of the second-largest cryptocurrency by market cap. Its current trends have seen analysts put the digital asset at above $10,000 by the end of the year. And now, another crypto analyst, Lark Davis, has echoed what his counterparts have been saying in regards to the altcoin. Lark believes that Ethereum breaking above $10,000 is inevitable and only a matter of time. Saying that the digital asset is poised to grow 190% would see it break this price point. The crypto analyst lays out his analysis on his YouTube channel, which....
The Ethereum price has been consolidating for about a week since it hit a four-month high at $3,420. As the second largest cryptocurrency, Ethereum has the biggest price correlation with Bitcoin. However, you could argue the Ethereum price has been largely left behind in terms of performance throughout the ongoing bull cycle. Interestingly, a crypto analyst, Ben Lilly, has shared a bold prediction about the trajectory of the Ethereum price. Taking to a post on the social media platform X, Ben Lilly forecasted that the Ethereum price will reach a new all-time high (ATH) between December....