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As the cryptocurrency market heads toward a massive rally, experts are discussing the potential future of Ethereum, the leading smart contract-based blockchain. One analyst predicts that ETH will reach $10,000 by the end of 2024. Analysts are also bullish on Bitcoin Minetrix, which has surpassed $8.6 million in ongoing presales.
dot Tailwind for Ethereum ETF with ETH reaching $10,000?
Renowned analyst, angel investor, and key opinion leader (KOL) Anthony Sassano believes that Ethereum could reach $10,000 by the end of 2024 due to the excitement surrounding the launch of a potential spot ETF.
“If you’re talking about 2024, $6,000 to $8,000 sounds like a good range,” Anthony explained.
He continued, “But if the hype is going to get ahead of itself because of ETFs, then we’re going to get hyped. “I don’t know why $10,000 isn’t on the table.”
KOL believes that increased institutional adoption of Ethereum will greatly benefit its price, and that even if it fails to hit $10,000, ETH will rise to at least $6,000 by the end of 2024.
Sassano is optimistic about Ethereum because it utilizes a proof-of-stake consensus mechanism, which is a much greener consensus.
According to data on the website, Ethereum’s annual energy consumption (TWh/yr) is 0.0026, compared to Bitcoin’s 149.
Institutions are often seeking greener investments that align with environmental, social and governance (ESG) frameworks. Heavyweight fund managers like BlackRock typically adopt this framework.
This is evident in the recent renewed interest from BlackRock CEO Larry Fink. said“I see value in owning an Ethereum ETF.”
But Fink goes further, explaining, “This is just a stepping stone towards tokenization, and I believe this is where we’re going.”
This move is causing a lot of excitement in the cryptocurrency industry and solidifying the predictions of Sassano and other experts.
However, amidst this, analysts are becoming more optimistic about Bitcoin Minetrix.
Bitcoin Minetrix presales exceed $8.6 million.
Bitcoin Minetrix is a platform that allows users to mine Bitcoin using cloud technology.
It provides an easy and secure alternative to traditional Bitcoin mining, allowing users to earn Bitcoin without the usual complexities.
Users can stake BTCMTX to earn cloud mining credits, which can be exchanged for cloud mining power, leading to passive BTC rewards.
To mine BTC, users deposit BTCMTX into a decentralized smart contract, eliminating the risk of cloud mining scams.
To date, the project has raised more than $8.6 million through ongoing presales.
Additionally, analysts including Jacob Bury and No Bs Crypto are bullish on the project.
The token economics of the project are robust and require users to stake BTCMTX. Additionally, many tokens are locked in staking contracts and rewards are paid out in mining credits instead of BTCMTX tokens.
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