• Home
  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • More
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Book
    • Bitcoin Miner
    • Bitcoin Standard
    • Bitcoin Miner Machine
    • Bitcoin Merch
    • Bitcoin Wallet
    • Bitcoin Shirt
No Result
View All Result
Card Bitcoin
Shop
Card Bitcoin
No Result
View All Result
Home Ethereum

Crypto VC: Ethereum is the ‘simplest, safest 3X’ opportunity now

n70products by n70products
November 24, 2024
in Ethereum
0
Crypto VC: Ethereum is the ‘simplest, safest 3X’ opportunity now
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


Avatar

Journalist

Posted: November 24, 2024

  • ETH may rally to $10K, per crypto VC associate at Moonrock Capital. 
  • There was strong traction for ETH, together with renewed staking curiosity, which may increase costs.

A crypto VC projected that Ethereum’s [ETH] worth may eye a $10K cycle excessive, regardless of lagging main cap altcoins and Bitcoin [BTC].

In keeping with Simon Dedic, founder and associate of crypto VC Moonrock Capital, ETH could possibly be the ‘safest 3x’ alternative now. 

“At this present state of the market, $ETH is probably going the only and most secure 3x alternative nonetheless out there.” 

Primarily based on the present worth, that’s about $10K per ETH. There have been growing bullish requires ETH, with asset supervisor Bitwise projecting an identical ETH ‘contrarian bet’ outlook in October 2024. 

Is ETH’s lag a chance? 

Regardless of slowing down relative to majors like Solana [SOL] and BTC, ETH has seen delicate and strong traction after the US elections.  

Nonetheless, detrimental market sentiment has compounded the sluggish catch-up, with the ETH/BTC ratio printing new yearly lows of 0.031.

Which means that ETH has been underperforming BTC, a development that goes again to 2022 after The Merge. 

EthereumEthereum

Supply: ETH/BTC ratio, TradingView

Put in a different way, buyers most well-liked BTC and different majors relative to ETH, muting its general worth efficiency. 

However issues may change for the altcoin king. As of press time, ETH has recovered over 40% since November lows. It additionally tried to clear the $3.3K roadblock, which may accelerate to higher targets of $3.6K and $4K. 

EthereumEthereum

Supply: ETH/USDT, TradingView

One other bullish sign, as noted by CryptoQuant’s JA Maartunn, was elevated Ethereum staking.

ETH staking recorded the very best weekly internet inflows for the primary time after months of outflows. Marrtunn added, 

“Over the previous week, Ethereum staking recorded a internet influx of +10k ETH, with 115k ETH deposited and 105k ETH withdrawn. The blue line (complete staked ETH) is climbing once more, signaling renewed confidence in staking as a long-term technique.”

EthereumEthereum

Supply: IntoTheBlock

The above development, maybe pushed by renewed optimism in regards to the Trump administration’s doubtless approval of staking on US spot ETFs, may set off an ETH provide crunch, which might be internet constructive for ETH costs. 


Learn Ethereum [ETH] Price Prediction 2024-2025


Related optimism was seen amongst choices merchants on Deribit. Previously 24 hours, massive payers positioned extra bullish bets (Open Curiosity spike, orange strains) on ETH, reaching $3.8K, $4K, $5K, and $6K targets. 

Nonetheless, they have been additionally ready for a pullback state of affairs with a slight rise in places choices shopping for (bearish bets, blue strains) in direction of $3K and $2.8K targets. 

EthereumEthereum

Supply: Deribit

Subsequent: SUI in the spotlight: From $3.46 to ‘Banana Rally,’ what’s next?



Source link

Tags: CryptoEthereumOpportunitysafestsimplest
Previous Post

Trader Says Avalanche (AVAX) Setting Up for Massive Rally, Updates Outlook on Dogecoin (DOGE)

Next Post

$100K Bitcoin Is Only The Beginning, VanEck Targets $180K

Next Post
$100K Bitcoin Is Only The Beginning, VanEck Targets $180K

$100K Bitcoin Is Only The Beginning, VanEck Targets $180K

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Product categories

  • Bitcoin Book
  • Bitcoin Coin
  • Bitcoin Hat
  • Bitcoin Merch
  • Bitcoin Miner
  • Bitcoin Miner Machine
  • Bitcoin Shirt
  • Bitcoin Standard
  • Bitcoin Wallet
  • Products
  • Uncategorized

Related News

Here’s ‘Ethereum’s biggest problem with L2s’ – Polygon CEO

April 9, 2024

Dogecoin Price Holds Crucial Support But Can DOGE Clear This Hurdle?

March 21, 2024
Is Altcoin Season Here Already? VanEck Answers As Bitcoin Price Struggles Below $100,000

Is Altcoin Season Here Already? VanEck Answers As Bitcoin Price Struggles Below $100,000

December 25, 2024

Recents

Czech Justice Minister Resigns Over $45M Bitcoin Donation Scandal

Czech Justice Minister Resigns Over $45M Bitcoin Donation Scandal

June 1, 2025
To Infinity and Beyond! | Ethereum Foundation Blog

To Infinity and Beyond! | Ethereum Foundation Blog

June 1, 2025
If stablecoins are banks, what’s a bank?

If stablecoins are banks, what’s a bank?

June 1, 2025

CATEGORIES

  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • NFTs
  • Regulations
  • XRP

BROWSE BY TAG

Altcoin ALTCOINS Analyst Binance Bitcoin Bitcoins Blog Breakout BTC Bullish Bulls Coinbase Crash Crypto DOGE Dogecoin ETF ETH Ethereum Foundation Heres high hits Key Level Major Market Memecoin Move Outlook Predicts Price Rally Report SEC Solana Support Surge Target Top Trader Trump Updates Whales XRP

© 2024 Card Bitcoin | All Rights Reserved

No Result
View All Result
  • Home
  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • More
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Book
    • Bitcoin Miner
    • Bitcoin Standard
    • Bitcoin Miner Machine
    • Bitcoin Merch
    • Bitcoin Wallet
    • Bitcoin Shirt

© 2024 Card Bitcoin | All Rights Reserved

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
Go to mobile version