Dan Tapiero, a big-time investor, thinks Ethereum (ETH) is a steal right now. He’s predicting a massive price jump, saying ETH could soar by over 171% in the next year.
Tapiero’s bullish prediction is based on a few things:
- A pro-crypto US President: He believes that Donald Trump, who is expected to be elected in 2024, will be good for crypto. Trump has promised to fire the head of the SEC, Gary Gensler, who is seen as being against crypto.
- DeFi’s Comeback: Tapiero thinks DeFi, which was hit hard by the SEC in recent years, will bounce back under a Trump presidency.
- Strong Network Usage: He points out that Ethereum is still heavily used, making it a strong foundation for the future of crypto.
Tapiero isn’t the only one who’s optimistic about Ethereum.
Analyst Benjamin Cowen is reconsidering his prediction that ETH could fall to $1,000. He’s watching closely how ETH performs against Bitcoin (ETH/BTC). If ETH/BTC can break above a key support level, it could signal a market bottom.
Overall, the crypto world is buzzing about Ethereum’s potential.
While no one can predict the future, it’s clear that many investors are keeping a close eye on ETH. /p>
