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Experts are discussing the future potential of ethereum, a leading smart contract-enabled blockchain, as the cryptocurrency market heads towards a major bullish rally. One analyst predicts that eth could reach $10,000 by the end of 2024. Additionally, analysts are bullish on bitcoin Minetrix after surpassing $8.6 million in the ongoing pre-sale.
Place ethereum ETF Tailwinds for eth to Hit $10,000?
Renowned analyst, angel investor and key opinion leader (KOL) Antonio Sassano believes ethereum could reach $10,000 by the end of 2024 due to the excitement surrounding a possible launch of a spot ETF.
Anthony explained: “If we're talking about 2024, $6,000 to $8,000 seems like a good range.”
He continued: “But if the hype boils over because of the ETF, we become grandiose. “I don’t see why $10,000 wouldn’t be on the table.”
The KOL believes that the increase in institutional adoption of ethereum will significantly benefit its price, and even if it does not reach $10,000, eth will rise to at least $6,000 by the end of 2024.
Sassano is bullish on ethereum because it leverages a proof-of-stake consensus mechanism, a consensus that is significantly greener.
According to data from its website, ethereum ethereum.org/energy-consumption” target=”_blank” rel=”noopener”>annual energy consumption in TWh/year is 0.0026, compared to bitcoin's at 149.
Institutions often look for greener investments that align with the environmental, social and governance (ESG) framework. Heavyweight fund managers like BlackRock often adopt this framework.
This is evident in the budding interest of BlackRock CEO Larry Fink, who recently saying“I see value in having an ethereum ETF.”
However, Fink went a step further and explained: “These are just steps towards tokenization, and I really think that's where we're going.”
The move is generating great excitement in the crypto industry, solidifying the prediction given by Sassano and other experts.
However, in the midst of this, analysts are even more bullish on bitcoin Minetrix.
bitcoin Minetrix pre-sale exceeds $8.6 million
crypto-news.care/” target=”_blank” rel=”noreferrer noopener”>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 redeemed for cloud mining power, generating passive btc rewards.
To mine btc, users deposit BTCMTX into a decentralized smart contract, eliminating the risk of cloud mining scams.
So far, the project has raised more than $8.6 million in the ongoing pre-sale.
Furthermore, analysts, including Jacob Bury and No Bs cryptocurrenciesThey are optimistic about the project.
The tokenomics of the project is strong and users need to stake BTCMTX. Additionally, many tokens will be locked in the staking contract and rewards will be paid in mining credits instead of BTCMTX tokens.
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