The year-end Ethereum forecast by Teeka Tiwari, a former hedge fund manager and popular crypto analyst, drew attention. The details are in our news.
Those who own Ethereum should definitely read this article
Teeka Tiwari stated that the value of ETH is still lower than she expected, while 500% for the second largest crypto by the end of the year. Teeka Tiwari, a former hedge fund manager and popular crypto analyst, said that Ether will see an increase of more than 500% in the last bull market, putting ETH in a five-digit increase. It suggests that it will pull it into the price zone. Tiwari claims that Ethereum could surpass Bitcoin as the most valuable crypto due to its high usage levels.
Ethereum blockchain is arguably the most used network in the cryptocurrency space.. This widespread use has had a positive impact on the price of the cryptocurrency, although it has disadvantages such as delays in transactions and high transaction fees. ETH is trading at $2,383 at the time of writing. Since the beginning of the year, it has increased by more than 200%.
See: Etherum, Ethereum news and breaking news
Despite this increase, Tiwari’s presence is still “wildly undervalued. evaluates as ”. He believes that the value of ETH will increase by 500% from its current position by the end of 2021 alone. This increase means that Ethereum will be $13,000.. If realized, ETH’s total market cap would exceed $1.5 trillion.
Tiwari claims that ETH will eventually surpass the $1.2 trillion market cap of Bitcoin.
“In my view, two trends – DeFi and decentralized applications (dApps) – will make Ethereum the most valuable software platform in history. Because when you eliminate the need for a third party or middleman, you can cut costs significantly.”
Tiwari is not the only one who believes in the future of Ethereum, said Anthony Scaramucci, CEO of SkyrBridge Capital. and the billionaire investor and owner of the Dallas Mavericks, Mark Cuban. He said he expected it to happen. Mark Cuban states that he accumulated ETH four years ago and kept 30% of his portfolio in ETH.
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