![The second-largest cryptocurrency by market cap, Ethereum [ETH], might see further gains towards $10k within this year after reaching a new all-time high around $2,780 USD earlier today on Thursday – a roughly threefold increase forecasted by FundStrat, a marketing research firm. ETH is up about 40% for the month so far versus a 5% decline for Bitcoin [BTC]. “We’re maintaining our overweight ethereum vs. bitcoin recommendation from April last year,” wrote FundStrat during a research note outlined earlier on Thursday. “Ethereum’s market cap has risen to ~30% of bitcoin’s over recent weeks. Within the last market cycle, Ethereum broke this level and [had] as high as 80% of bitcoin’s value.” “The cryptocurrency narrative is shifting from bitcoin to ethereum and other segments like DeFi as well as Web 3.0 apps.” FundStrat is optimistic on ETH as new financial apps are being developed on the Ethereum network, that has grown significantly in scale over the last year. “These apps are generating ~3x fees for the Ethereum network vs. Bitcoin, which trades at ~3x the market cap.” “In cryptocurrency accounting terms, this is often an equivalent as a corporation using revenue, less operating costs and earning profit that's wont to repurchase stock. this suggests the network would become profitable like a company once ETH supply reduction from burned fees outpaces inflation,” outlined FundStrat. FundStrat also expects bitcoin to succeed in $100k this year and therefore the total cryptocurrency market cap to succeed in $5 trillion.](https://cdn.shortpixel.ai/client/q_glossy,ret_img,w_360,h_180/https://www.etherdesk.com/wp-content/uploads/2021/05/imageedit_3_8544706693-360x180.jpg)
Ethereum Locked Up In DeFi Contacts On A Hike – Exclusive Analysis.
Ethereum is being locked up in DeFi contracts at an accelerating rate this year, while the quantity persisted centralized exchanges continues ...
![U.S Department of Justice Reveals A Fraud Case Against 'Eastern Metal Securities’ [EMS].](https://cdn.shortpixel.ai/client/q_glossy,ret_img,w_120,h_86/https://www.etherdesk.com/wp-content/uploads/2019/06/imageedit_193_5494980853-120x86.jpg)
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Search Result for 'Ethereum'
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Ethereum Signs Strongest Bull Momentum Since Past 3 Years.
The price of Ethereum is eyeing a 10-day streak within a sign of its strongest bullish momentum in more than 3 years. The ...
Nasdaq Traded Mogo, To Allocate Upto 5% Cash Into Crypto’s – Buys 146 Ethereum.
Nasdaq-traded Mogo, a renowned virtual payments/fintech firm, revealed that it bought about 146 Ethereum at a mean price of ...
Ethereum Trading Over $3k – Vitalik Buterin Now A Billionaire.
The co-founder of the world’s leading smart contract platform, Vitalik Buterin, the Ethereum blockchain, has officially become a cryptocurrency billionaire. Buterin’s public ...
![The second-largest cryptocurrency by market cap, Ethereum [ETH], might see further gains towards $10k within this year after reaching a new all-time high around $2,780 USD earlier today on Thursday – a roughly threefold increase forecasted by FundStrat, a marketing research firm. ETH is up about 40% for the month so far versus a 5% decline for Bitcoin [BTC]. “We’re maintaining our overweight ethereum vs. bitcoin recommendation from April last year,” wrote FundStrat during a research note outlined earlier on Thursday. “Ethereum’s market cap has risen to ~30% of bitcoin’s over recent weeks. Within the last market cycle, Ethereum broke this level and [had] as high as 80% of bitcoin’s value.” “The cryptocurrency narrative is shifting from bitcoin to ethereum and other segments like DeFi as well as Web 3.0 apps.” FundStrat is optimistic on ETH as new financial apps are being developed on the Ethereum network, that has grown significantly in scale over the last year. “These apps are generating ~3x fees for the Ethereum network vs. Bitcoin, which trades at ~3x the market cap.” “In cryptocurrency accounting terms, this is often an equivalent as a corporation using revenue, less operating costs and earning profit that's wont to repurchase stock. this suggests the network would become profitable like a company once ETH supply reduction from burned fees outpaces inflation,” outlined FundStrat. FundStrat also expects bitcoin to succeed in $100k this year and therefore the total cryptocurrency market cap to succeed in $5 trillion.](https://cdn.shortpixel.ai/client/q_glossy,ret_img,w_350,h_250/https://www.etherdesk.com/wp-content/uploads/2021/05/imageedit_3_8544706693-350x250.jpg)
Ethereum Might See Further Gains Towards $10k By This Year – Research Report.
The second-largest cryptocurrency by market cap, Ethereum , might see further gains towards $10k within this year after reaching a new all-time ...
Ethereum Price Hits All Time New Records – Over $2700 USD Today.
The price of the second leading cryptocurrency, Ethereum rose earlier from Tuesday to a record high price above $2,700 ...
Bitmain Launches Ethereum Antminer E9 – Produces 3 GigaHashes Per Second.
Bitcoin and cryptocurrency mining monolith Bitmain are launching an ASIC miner for Ethereum, another indicator that the ...
Ethereum Options Trading Gaining Huge Interest From Institutional Investors.
The massive growth of Ethereum’ futures & options arena is reportedly revealing a significant institutional involvement within the second-leading cryptocurrency by top ...
Nvidia Latest GPU ‘RTX 3060’ For Ethereum Mining – Performance Analysis Report.
Nvidia’s RTX 30 series of graphics cards are subjected to unending speculation, rumors, and even ridicule since the firm primary announced that ...
Ethereum Price Hits All Time New Highs – Supply Drop Might Be Reason.
The second leading cryptocurrency Ethereum has rallied to new lifetime highs today on Thursday on speculation that an impending ...
