Ethereum will grow by another 800% – Fundstrat Global Advisors



Ethereum will grow by another 800% - Fundstrat Global Advisors

Ethereum will grow by another 800% – Fundstrat Global Advisors

  • Investor interest in Ethereum is growing amid market euphoria

  • Fundstrat Global Advisors predict phenomenal price increases

  • Boom in decentralized finance reinforces bullish fundamentals

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Strategists at Fundstrat Global Advisors LLC believe that Ethereum is on the verge of a phenomenal bullish trend that will push the second-largest cryptocurrency by capitalization to $ 10,500

Ethereum has several reasons for growth at once. Fundamental factors, including the move to ETH 2.0 and the boom in the decentralized finance industry (DeFi) Decentralized finance (DeFi) is financial services built on blockchain technology that offer users access to an open, efficient and … More new investors.

Ethereum will grow by another 800% - Fundstrat Global Advisors

DeFi grows and pulls Ethereum with it

According to David Greder, director of digital asset strategy at Fundstrat Global Advisors, the development of the decentralized finance (DeFi) ecosystem will push prices skyrocketing..

DeFi applications create endless opportunities for new technologies in the real world. They combine the advantages of traditional finance and digital assets, and most of them are based on the Ethereum network..

“This is the best cryptocurrency asset in terms of risk-reward ratio. After cloud technologies, settlements on the blockchain will come, “Grinder said..

Grinder’s bullish outlook is backed by the facts: the DeFi market has once again hit all-time highs. According to analytical service DeFi Pulse, the excitement in this segment has not subsided since the beginning of the year..

Since the beginning of January, the decentralized finance market has grown by 64%. At the time of this writing, the total value of funds locked in DeFi protocols (TVL) exceeds $ 24 billion.

Source: DeFi Pulse

A solid foundation

The second largest cryptocurrency has tested all-time highs and has not lost its bullish potential. It is possible that ETH will update record levels before the correction begins.

Ethereum will grow by another 800% - Fundstrat Global Advisors

Several favorable fundamentals are fueling bullish sentiment in the market and pushing ETH to new highs.

One of them is the growing support for the new version of the ETH 2.0 network. The volume of coins locked in the Beacon Chain protocol is growing at a record pace. Now more than 2% of all ETH in circulation is located there..

The amount of funds blocked in ETH2. Source: ETH2 launchpad

Parabolic growth on the Ethereum network will ultimately lead to a supply shock. It’s just a matter of time. Read more about it in the dedicated BeInCrypto review. Once people understand this, the ETH rate will rush into space..


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