ETH we can expect big move - page 6.

bitterguy28

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Quote from: udayantha11 on November 01, 2021, 08:53:59 PM

As per previous charts, Institutional investing , ETH Burning .

My forecast is ETH can be 10000-13000$ end of the year.

there is no wrong in speculating mate because all of us has the rights to express their belief and views for our favorite or supported currency .

But before Ethereum reached 10,000-13,000 meaning the Capitalization of ETH must reached more than a Trillion amount and this also means it will get closer to bitcoin capitalization .

https://coinmarketcap.com/currencies/ethereum/

now tell me , is this really possible to come this year?

TastyChillySauce00

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Quote from: udayantha11 on November 01, 2021, 08:53:59 PM

As per previous charts, Institutional investing , ETH Burning .

I see that but we needs more than ETH burn to make it happens. There are bunch of people ahve been forced to pay the high fees. This is also making people to put ethereum as not their priority chain. There are so many demands have gone from the small fish due to the fees. The whales needs to pump bitcoin before the pump in ethereum will be happening. Billions of ethereum already burned but you must also remember that if the purpose of burn to prevent inflation. Inflation has become a serious problem with ethereum caused by miners were genereating more and more ethereum without maximum cap. The burn was a solution to give a win win situation for miners and users.

Quote from: udayantha11 on November 01, 2021, 08:53:59 PM

My forecast is ETH can be 10000-13000$ end of the year.

It's quite high to be reached by ethereum at the end of this year but none knows what will be happening in the future for sure but it seems like that the burn was not enough to trigger FOMO in ethereum. We must see thereum to break 5k resistance before it will be touching such rate. The situation will be different if there will be more institutional investors will be using ethereum as a part of their portfolios but the problem of maximum cap will always become the main concern. Low rate inflation with maximum cap will be triggering FOMO to happen.

thesosorr

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10,000 USD will not be achieved by the end of this year in my opinion because there are still some things that need to be fixed by Ethereum such as high gas costs which still have not found a solution until now. If we calculate the cost of Ethereum gas at the 2017 price with the current price, the number is the same, only now the Ethereum price is already higher than the 2017 price.

Ararbermas

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It depends i guess, but you know burning always make changes on the project and yes it is not possible to happen in ethereum since this is the most trusted crypto in the market , actually my concern here is the fees as it's the common problem with ETH nowadays and i believe there will be an impact after this event, i mean it will decrease while the price keep surging in my personal opinion..

udayantha11

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2023 would most likely be as bearish as 2022

As per previous charts, Institutional investing , ETH Burning .

My forecast is ETH can be 10000-13000$ end of the year.

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