Ethereum: MINDBLOWING ETH Projections You've Got To See!!
Hey Folks,
For those of you who follow my personal portfolio, you will know that ETH makes up a sizable portion of it. Hence, I was pretty excited last week when it broke through its All-time highs.
However, I knew it was inevitable. Even when it collapsed in May earlier this year and fell below $2,000, it was only temporary. The upward trajectory over the past month has confirmed that.
Of course, I am not oblivious to the challenges that Ethereum faces particularly as it relates to scaling. In fact, this appears to be one of the biggest criticisms that people are levelling at it.
But, these scaling issues are still driven by bullish forces.
I know, that's counter the narrative, but it's something I explore in my latest Ethereum video.
I look at the raw utility demand and competition to be including in Ethereum blocks which is driving these high gas fees. That this utility demand is unwavering despite these high gas fees.
I then explore the latest statistics on ETH supply post London Upgrade and deflation could become the norm. Deflation that could be supercharged post the PoS merge in Q2 of next year. It's the triple halving event that I don't think enough people are factoring into their models.
After that, I examine some of the latest on-chain stats - everything from exchange balances to staking contracts and whales wallets. This continues to paint positive investor sentiment that has the likes of JP Morgan and Goldman Sachs opining.
I finish off with a bit of fundamental price analysis & predictions in the short, medium and long term.
So, if you hold ETH or are considering adding it to your portfolio - you don't want to miss this.
P.S. Enjoy my disclaimer 😉
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
⛓️ 🔗 Useful Links 🔗 ⛓️
Ultrasound Money: https://ultrasound.money/
Newsletter on Bankless: https://newsletter.banklesshq.com/p/w...
Altair Upgrade: https://blog.ethereum.org/2021/03/24/...
JP Morgan Bullish: https://www.coindesk.com/business/202...
JP Morgan ETH Inflation Hedge: https://markets.businessinsider.com/n...
ETH ETF Bet: https://www.ft.com/content/cd3fd286-7...
Goldman Bullish ETH: https://markets.businessinsider.com/n...
ETH Supply Tweet: https://twitter.com/twobitidiot/statu...
Mark Cuban ETH Maximalist: https://www.cnbc.com/2021/11/03/why-m...
Stablecoin Demand: https://dune.xyz/hagaetc/stablecoins
Glassnode: https://glassnode.com/
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading Forex, cryptocurrencies and CFDs poses considerable risk of loss. The speaker does not guarantee any particular outcome.
