Why Ethereum Could See 4x Increase, Says This Model
Ethereum has experienced a market pullback following bitcoin recently. Although the market remains in a downtrend, the digital asset has been holding up quite nicely. Ethereum has been trending above $2,800, almost 50% down from its all-time high. But a model suggests that three is a 4x movement in the near future of the digital asset. Let’s take a look at this model. Ethereum To 4X? In a recent Twitter thread, a crypto investor known as Shaan Puri lays out the model that could drive Ethereum to four times its current price. It starts out by stating that the digital asset is currently....
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Could the Ethereum community fork the code and leave the original developers out in the cold? Concerns around the Ethereum premine seem to be one of the causes of the delay in launching an official IPO for the project. Finding the right funding model for any kind of free and open source software is always difficult because someone else can come in and start a new project by forking the source code. These issues are also compounded by regulatory concerns when actual "shares" in a new currency are going to be distributed to early investors. Some people who are upset with the original funding....
Bitcoin price can be unpredictable. But shockingly, a specific model managed to predict the peak in 2021 at above $60,000 as far back as 2019. That same model is now pointing to a peak range near $732,000 per coin. Is this a realistic estimate, or pure hope? Let’s take a closer look at the model […]
Data from Coingecko indicates a surge in the price of Ravencoin (RVN), over the past month the cryptocurrency is moving against the general sentiment in the market. The rally in the price of this token coincides with the upcoming Ethereum’s “Merge” and seems directly related to this event. Related Reading: TA: Ethereum Plunges to $1,550: Can Bulls Save the Day? At the time of writing, Ravencoin (RVN) trades at $0.07 with a 15% and 91% profit over the last 24 hours and 7 days, respectively. In the last 2 weeks, the cryptocurrency records a larger increase with a 150% profit and a 95%....