Analyst That Predicted 2022 Crypto Bottom Says Ethereum Will Hit $10,000
Profit-taking investors are probably enjoying as Ethereum rises to a new all-time high while some await a price correction to accumulate holdings. Price corrections and bottoms are, after all, inherent for cryptocurrencies, Ethereum inclusive. However, Chris Burniske, a partner at Placeholder VC, tells his Twitter followers to surrender expectations for a price correction on Ethereum. In his tweet, the venture capitalist said Ethereum is gearing up for a massive long-term rally. Burniske was the analyst who correctly predicted the November 2022 crypto assets bottom. He noted that....
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Arthur Hayes, the youngest crypto billionaire of American Africa and the former CEO and co-founder of the derivatives platform BitMEX, predicted Ethereum could hit $10,000 by the end of 2022. Notably, Hayes once speculated a downtrend in Ethereum’s price in an April blog post that came true. He further urged that the Fed’s strict policies and increasing rates had the main role behind Terra’s crash as it was a byproduct of the macroeconomic environment. The crypto market is at the bottom or likely to touch the grounds, afterward, it will bounce, Hayes says, reiterating that Ethereum still....