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Tuesday, December 06, 2022

Ethereum: It Could Be Worth Over $2,000 in Six Months

Ethereum: It Could Be Worth Over $2,000 in Six Months

Ethereum face a month of October that, historically, has generally been favorable for its price, At least that has been the case in recent years. In fact, over the past three years, its price correction has been around 43% in 2021 and less in the last two years: 2020, 7.5% and 1.12% in 2019 that month. With only 2 falls: in October 2018 when you registered Loss of 14.7% Yard17.6% of which Ethereum fell in 2016.

While the truth is that it is far from being treated as one of the best months of the year, the historical average for the growth of the second cryptocurrency in the market is positive, with an average progress of 2.42% in that month. He is only third by tail. The first positive since Ethereum’s all-time lows occurred in June and September.

But the truth is, So far in 2022, Ethereum has been setting a very negative record in its growth, Obviously with the months at the bottom that dominate the panorama. Notably, the month of June, with a reduction of about 45%, which when combined with the reductions of January, April, May, August and September, was broken only by the recovery of February and March, at 8.7% and 12.3 per cent, respectively. With advance of % , To result in a spectacular July recovery of over 57% for the Ethereum trading price.

But as we always point out, past earnings do not guarantee future earnings. At the moment it is similar to Ethereum, in percentage terms so far this year, With clearly negative performance, that cuts 64%. It is down 1% in the past week, its price is down 14.25% last month, and it has cut its price by 61.5% over the semester.

beyond the past Latest survey conducted by Nickel Digital Asset Management, A London-based company that has solicited opinions from 200 professional investors who collectively manage more than $2.2 trillion in assets in seven different countries, It was highlighted that 64% of the respondents believe that the price of Ethereum will be kept above $2,000 With a time horizon of 6 months.

Nickel Digital CEO Anatoly Krechilov Reflects on the Reasons for This Improvement in Investor Sentiment “It’s well-founded long-term optimism, Investors acknowledge that the ongoing “crypto winter” still has some way to go, but they also acknowledge that if history is any guide.Once “winter” is over, there will be a strong recovery in these high beta markets.

In the CoinMarketCap community they have just speculated that, at the end of this month of October, the price of Ethereum It could reach $1,578, which means an increase of over 19% from its current levels.

And one more point, in this case EthereumMax is related to crypto, which is again the most important in the world of crypto assets. It increased by 1,370% in two months, later lost, this independent token of Ethereum, More than 98% of its value which has not been recovered. Its great promoter, Kim Kardashian, promoted on Instagram to her 251 million followers For which he would have charged between 300,000 and half a million euros.

Even then, Just now the SEC. is in agreement with For which promotion would have been too expensive: Will pay $1.26 million to eliminate charges of not disclosing payments received to promote this property The cryptographic that has turned into a wreck. In addition, he will not promote crypto assets for 3 years and will cooperate with the ongoing operation. remember that the brand Kim Kardashian has a market value of $1.8 billion.

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