InstaForex

August 18, 2021

Ethereum (ETH) Builds Momentum, Moving To $ 10,000

 Analysts revealed Ethereum (ETH) will cross the $ 10,000 level in 6 to 12 months, as well as Bitcoin (BTC) has the potential to hit a six -digit value.


According to Sott Melker, analyst and influencer of the year as named by Binance, the cryptocurrency market will receive good news following the action of the Securities and Exchange Commission (SEC) in approving Bitcoin exchange traded funds (ETFs).


Bitcoin ETFs are a major contributor to the adoption of cryptocurrencies in large clusters of institutions: “ETF approval is one of the biggest achievements in Bitcoin where large amounts of money will come in in various forms, for example funds. It will come in when there is an ETF. ”



Similarly, enforcement that will protect consumers also plays a role in attracting more large institutional funds into the sector.


Melker is confident that once this correction is over, these two major crypto assets will hit new all-time highs. It is not impossible if Bitcoin manages to hit the 7 -digit level while Ethereum moves to the $ 20,000 or $ 30,000 level.


This is reminiscent of the prediction of former Goldman Sachs executive Raoul Pal earlier this year, in which the individual also linked Metcalfe’s Law to proving Ethereum could reach $ 20,000.