Quantative Analyst Says Ethereum Could Hit $10,000 This Market Cycle

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Ethereum is actually outperforming Bitcoin in 2020. The price of the leading cryptocurrency is up to $460 as of this article’s writing, but peaked at even higher levels in the summer. Even after this rally, the coin remains far below its all-time high price of $1,450, set in the peak of the bubble in early 2018. Analysts think that Ethereum could surge past that all-time high in this cycle, though. Ethereum Has Room to Rally, Says Quant Analyst One crypto-asset quantitative analysis, with a PhD in engineering, recently stated that he thinks the cryptocurrency could move toward $10,000 in the following market cycle. Referencing the chart below, which depicts this scenario playing out over the next three to four years, the analyst stated: “If $ETH continues on in this manner and is in fact one market cycle behind #BTC, then we make peak at approximately 1,000% above the fair value…

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