Ethereum Price Prediction: Experts Weigh In on the Possibility of ETH Reaching $10,000
On Monday, Ethereum price prediction remained mixed, with the ETH/USD pair trading sideways in a narrow range of $1,200 to $1,230. The Ethereum (ETH) token has been trading flat in recent days, with a minor increase over the weekend as the Christmas holiday season keeps the crypto market calm, with crypto majors such as Bitcoin and Ether seeing a minor increase over the weekend.
Bitcoin (BTC) and Ethereum (ETH), the world’s most popular currencies, remained in the $16,000 and $1,200 ranges, respectively. Aside from them, well-known cryptocurrencies such as Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC) experienced a mixed bag of gains and losses.
In the meantime, investors are avoiding risky assets as a result of the recent Covid crisis. Moving forward, the market is expected to be volatile in the coming weeks as a result of geopolitical unrest and other macroeconomic factors.
Meanwhile, the US Commodity Futures Trading Commission has charged the CEO of cryptocurrency exchange FTX, Sam Bankman-Fried, with eight criminal offenses (CFTC). Among the allegations are manipulation, wash trading, and spoofing.
As a result, this negative news was viewed as a major factor in keeping the crypto market sluggish.
Ethereum’s current price is $1,218, with a 24-hour trading volume of $4 billion. Ethereum has gained over 1% in the last 24 hours. Ethereum is now the market’s second most valuable cryptocurrency, with a live market value of $149 billion. There are 122,373,866 ETH coins in circulation, with no maximum supply.
Sluggish Cryptocurrency Market
The global cryptocurrency market has been sending mixed signals and has remained flat on the day as the Christmas holiday season helps to keep the cryptocurrency market stable, with market major coins like Bitcoin and Ethereum seeing a slight increase over the weekend.
The world’s most popular cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH) remained in the $16,000 and $1,200 ranges, respectively. In addition, Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC) experienced a mix of gains and losses. Investors, on the other hand, are hesitant to place bids on risky assets in light of the current Covid situation.
Markets are expected to be volatile in the coming weeks as a result of geopolitical uncertainty and other macroeconomic factors. Markets will remain volatile in the coming weeks due to geopolitical uncertainties and other macroeconomic factors.
Furthermore, FTX’s bankruptcy last month was the most surprising in a string of significant market participant closures this year, which included Celsius and Voyager, as well as well-known tokens terraUSD and Luna.
These negative activities have eroded investor trust and contributed to digital currency losses.
Bloomberg Strategist Applauds Ethereum Price Movement
Another factor that could support ETH prices is a recent Bloomberg expert’s prediction that Ethereum, the second-largest cryptocurrency by market capitalization, could overtake Bitcoin in the coming bull market, according to Mike McGlone, senior macro strategist at Bloomberg.
According to the most recent market forecast study by McGlone, Ethereum has demonstrated greater resilience than Bitcoin and other risk assets, indicating that it “may be a top candidate to continue outperforming the first crypto.”
Direct Ethereum Purchase Using the PayPal App
Customers can use the crypto button, which PayPal introduced in 2020, to buy, trade, and hold cryptocurrencies. They can also obtain more information about the entire investing process.
Because cryptocurrencies are volatile, the website only allows users to trade the four most popular ones: Bitcoin (BTC), Litecoin (LTC), Bitcoin Cash (BCH), and Ethereum (ETH).
One of the simplest ways to acquire and use Ethereum is directly through the PayPal network. Anyone interested in purchasing cryptocurrencies through PayPal must first open a PayPal account and select a coin to purchase.
Cryptocurrency is governed by stringent regulations. As a result, all PayPal users must first complete the Know Your Customer (KYC) verification procedure and agree to the platform’s terms of service before any cryptocurrency transactions can be approved.
Upcoming Presale Projects
Since Ethereum isn’t moving much, there aren’t many cryptocurrencies on presale that are attracting attention.
FightOut (FGHT) is a unique pay-to-move program that pays users or investors for participating in sports activities such as boxing, weightlifting, and yoga. It will be Ethereum-based and will launch in the second quarter of 2023, with plans to operate up to 20 of its own branded gyms and collaborate with many more.
Through its token sale, which began last week, it has already raised more than $2.3 million. At the moment, you can buy 60.06 FGHT for $1 (ETH or USDT can be used to buy FGHT).
Dash 2 Trade (D2T)
Another Ethereum-based platform, Dash 2 Trade, will offer real-time statistics and social trading information whenever it debuts in the first quarter of 2023. Its first features will help both new and experienced traders keep up with the volatile bitcoin market. These features are trading signals, on-chain analytics, tools for making trading strategies, and newsfeeds.
The company’s D2T token sale has garnered more than $10.8 million and is expected to end in only 13 days, providing early investors with a unique opportunity that is quickly closing.
LBANK Exchange, Changelly Pro, and Bitmart have all announced that they would be the first trading platforms to provide the cryptocurrency when it is listed on its initial exchange on January 11.
IMPT is an ecologically friendly project that aims to assist individuals and companies in lowering their carbon footprint. It makes it possible for people to buy and sell carbon credits in a safe and clear way.
In the past seven days, the value of the IMPT token has surged by more than 100%. Recent developments with the IMPT program have elevated the token’s value. In addition, a rise in demand is anticipated in February 2023, when the project’s carbon trading system is expected to start operating.
The BitMart exchange will list the IMPT coin on December 28, and Gate.io will list it on January 1.
CCHG is currently working on a peer-to-peer (P2P) payment system for electric vehicle charging stations that will allow EV drivers to earn carbon credits. C+Charge suggests that carbon credits be used as the main inducement for EV adoption.
The CCHG token, which will be used to pay for EV charging stations on C+Charge’s network, is now available for pre-sale. Tokens are now being offered for $0.013, but this will have escalated by 80% by the end of the presale.
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