Altcoins News
By Dan Saada
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How high could the price of Ethereum could go? Many of them are very bullish about the technology, and there are some crazy Ethereum price predictions doing the rounds.
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For clarity, a supply shock is an unexpected event that suddenly changes the supply of a product or commodity, resulting in an unforeseen change in price.
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Some of them a predicting an Ethereum Supply Shock considering the current price trends. Many feel that the ETH RSI is overbought and that there will be a pullback soon.
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Some of them believe that because of all these "big boys" JP Morgan, Wells Fargo, Goldman Sachs, etc., have led to the market pump in a real genuine way.
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Some of them feel that ETH is well under valued and that it has done the heavy work load for block chain, and crypto, even when it hits 40k it will still be undervalued.
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It is very true that there is no other public blockchain protocol which operates at the scale of Ethereum.
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Many of them are thinking that it is possible for Ethereum to reach $10,000 at some point; however, the challenge is to identify at which market cycle that might happen.
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There are many who are wondering if it is only 10k and on whether the cycle is over or is there still room to grow?
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With the price of ETH climbing up it just looks like the BTC world is boring. The ratio of the BTC vs ETH is particularly interesting for those who are trying to get some…
The Currency Analytics
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