Will ETH hit $10k this year?

Will ETH hit $10k this year?

By Cryptofab | Cointune | 27 Jan 2021


According to a Coinbase report dated January 22, 2021, the interest of the professional investors in Ethereum significantly increased in 2020. These investors buy ETH because they believe in the network potential value and the coverage against inflation that ETH provides. The on-chain values confirm this statement since they show an increase of ETH outflows from exchanges, partly due to ETH 2.0 staking, which will continue to grow.

The graph below shows that ETH grew by +487% in 2020, which is more than BTC and much more than Gold, Google and even Amazon:

66fae84513d47bb24bd14adbd0eecc614a554e478a50158a6fa68d6636075f98.png

The current correction is healthy after such a growth, and will allow ETH to continue growing once it has found its support around $1200. The next step is the All-Time-High at $1460, which is less than 14% from today's value. Once this ATH has been reached, ETH will enter discovery mode, and everything will be possible.

An increase similar to 2020 would lead ETH to more than $7k by the end of 2021. However, this is only a trend, and the ETH value will likely be between $7k and $10k by the end of the year. In the meantime, you may also invest in DeFi tokens which will increase with ETH, e.g. SNX - please click here for more information.

Note: I am not a financial advisor, please do your own research before investing.

 

 

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Cryptofab
Cryptofab

I do not want to change the world, but I can contribute to it.


Cointune
Cointune

Crypto, DeFi and passive income.

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