The price of $ 10,000 for ETH by the end of the year is very likely, according to Megan Kaspar
2 min read Director of digital asset management, Megan Kaspar, has reaffirmed her previous belief that ETH will trade between $ 8,000 and $ 10,000 by December 31 this year.
Megan gained the attention and recognition of the cryptocurrency community as early as January (when the price of ETH was close to $ 1,200), when she successfully predicted that the price of Ethereum would soon climb to $ 3,000.
Kaspar: The upcoming upgrade increases the demand for ETH
In an interview with Yahoo Finance on Friday, she noted that ETH is already experiencing a huge boom in demand from investors, as they already prefer to use cryptocurrencies as a popular tool for hedging against inflation as the Fed prints US dollars. Kaspar also praised the recent developments around the Ethereum blockchain and expressed the belief that all of this would play a huge role in pushing the ETH prize north.
Crypto analyst and Magnetic Managing Director @megan_kaspar explains why she’s expecting Etherum to be climb to a range within $ 8,000 to $ 10,000: pic.twitter.com/JFaEjGWaEo
– Yahoo Finance (@YahooFinance) August 27, 2021
“We have two network upgrades here, one of which has already been launched, which basically changed network mining fees, and then by the end of the year, early next year, ETH will become a deflationary asset. That’s why I think a price in the range of eight to ten thousand is very likely. “
Increased NFT sales on the ETH blockchain were also one of the main catalysts for asset price appreciation: NFTs worth more than $ 900 million were sold in August alone.
Investors are starting to “ignore BTC” and shift their interest to smaller assets
The increased interest and leniency of institutions and wealthy investors in smaller projects due to the still unapproved BTC ETF (although there is a chance that the situation could change soon) is one of the reasons why Megan believes that the ETH price, along with other mainstream projects such as Solana will continue to strengthen.
As more and more new and larger investors become involved in cryptocurrencies, we can expect to see a “flow effect” in the cryptocurrency industry as more people realize existing opportunities to gain exposure to other, smaller assets. and strings.
“If you look at Solana, Cardano, all of these ecosystems have seen more than 2,000% return this year, more than BTC and ETH have shown us. I suspect they will be on the fringes of interest “
Conclusion
ETH certainly has great potential, if we see the predicted price, it is in the stars, but the chances of further growth are relatively high and ETH is one of the coins that I believe in the future.
