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Nairaland Forum / Nairaland / General / Investment / Ethereum May Reach $10,000 Before The End Of This Year Analyst Predicts (93 Views)
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Ethereum May Reach $10,000 Before The End Of This Year Analyst Predicts by nadisms: 6:19pm On May 22 |
Andrey Stoychev, Head of Prime Brokerage at Nexo, has predicted that Ethereum price could hit $10k if it succeeds in getting the spot Ethereum Exchange Traded Funds (ETF) approved by the United States’ Securities and Exchange Commission ( SEC). According to CoinTelegraph, Stoychev said the US SEC approval of Ethereum spot ETF could take months, but it might become the main catalyst catapulting the price of the second largest cryptocurrency to $10k. The prediction follows an impressive bullish run by Ethereum which saw its price surge to two-month high of $3700, signifying a 21% rise in the last 24 hours. The recent Ether rally is driven by reports that the US SEC has a made a U-turn on its stance on spot Ethereum ETF approval asking ETF exchanges to update their 19b-4 filings, according to reports. Stoychev explained that despite the timeline for a potential spot bitcoin ETF approval still being difficult to predict, the recent moves by the US SEC are very positive and spells good for the crypto industry. Source and video: https://www.facebook.com/share/v/7SZESjHLwxfYQuUH/?mibextid=oFDknk
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Re: Ethereum May Reach $10,000 Before The End Of This Year Analyst Predicts by AImoneyAdder: 8:11pm On May 22 |
It's Quite Possible. We're Bullish on Cryptos! |
Re: Ethereum May Reach $10,000 Before The End Of This Year Analyst Predicts by nadisms: 11:13am On May 23 |
Bullish |
Re: Ethereum May Reach $10,000 Before The End Of This Year Analyst Predicts by nadisms: 11:14am On May 23 |
AImoneyAdder:You are riggt |
(1) (Reply)
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