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Home»ETHEREUM NEWS»Analysts predict that Ethereum will reach $10,000 in 2024. Here’s what you need to know:
ETHEREUM NEWS

Analysts predict that Ethereum will reach $10,000 in 2024. Here’s what you need to know:

By Crypto FlexsDecember 26, 20233 Mins Read
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Analysts predict that Ethereum will reach ,000 in 2024.  Here’s what you need to know:
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In the rapidly challenging and dynamic world of cryptocurrency, Ethereum (ETH) The second cryptocurrency leader after Bitcoin (BTC) is likely to surpass its previous all-time high by 2024, according to analysts.

Will Ethereum Produce Millionaires in 2024?

Cryptocurrency analyst Lark Davis recently said: shared He revealed his optimism about the future of Ethereum and his asset price predictions.

According to Davis, the price of Ethereum will experience a significant rise, pushing the price up to $10,000 or $15,000. Davis points out that ETH could rise to these levels and generate significant returns, but emphasizes that holding ETH alone is not the secret to “financial success.”

The cryptocurrency analyst revealed his predictions for the cryptocurrency asset in one of his latest YouTube videos. In the video, Davis delves into the unrealized potential of Ethereum, emphasizing that this asset “could create many millionaires, but not in the way we think.”

With Ethereum currently priced at $2,295, investors could enjoy a 600% return if Davis’ prediction comes true. But he argued there are far more profitable options that deserve attention.

Davis emphasized that Ethereum’s “true financial game changer” lies with Ethereum. Layer 2 solution. This includes layer 2 platforms such as: ZKSync, starknetAbove all.

He emphasizes that these layer 2 platforms are central to “potential rapid expansion” compared to Ethereum’s leading assets. In the meantime, he presented his case. Celestia, Just one month after listing, its value rose 500%, supporting his prediction.

He also noted that it is important to “look carefully at newly listed tokens” on these layer 2 networks. This is because we believe it can be a game changer for investors seeking significant profits in a short period of time.

The cryptocurrency analyst also points to potential airdrops as another aspect that could be “very productive.” He claimed that these airdrops have the potential to be more profitable than “traditional Ethereum investments.” This is because it provides more immediate and greater returns.

ETH investors unwavering even in cryptocurrency winter

According to recent data, more than 70% Ethereum supply I haven’t moved in the past year. According to data from market intelligence firm IntoTheBlock, the total supply held by long-term ETH holders (LTH) has increased to unprecedented levels.

IntoTheBlock uses X (formerly Twitter) to share The cryptocurrency community has achieved this feat. Typically, the hand least likely to move coins is called LTH.

Long-term ETH holders own over 70% of total supply | Source: IntoTheBlock by X

You can track the movements of HODLers using the total supply they have stored for over a year. Statistics show that the likelihood of a holder selling a cryptocurrency asset at any time decreases the longer the asset is held.

Ethereum
ETH is trading at $2,243 on the 1D chart | Source: ETHUSDT on Tradingview.com

Featured image from iStock, chart from Tradingview.com

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