The mood on the crypto market remains optimistic, even if there isn’t much happening with the top coins on weekends. Bitcoin has long since broken through the psychologically important $100,000 mark and Ethereum ($ETH) is moving back towards the $4,000 mark. But while Bitcoin is celebrating new all-time highs almost week after week, Ethereum is still below its peak from 2021. This raises the question of whether Ethereum has its best days behind it or whether entry could now be even more worthwhile. Analysts and market data suggest the latter.
Predictions show potential for $ETH
Due to its widespread use and publicly viewable on-chain data, Ethereum is a popular target for market analysis by numerous experts who try to use this data to get a sense of where the price might be heading. Despite different assessments of the price targets, most experts agree that the current price of just under $4,000 offers a favorable entry opportunity.
Asset managers like VanEck predict that Ethereum could rise to $6,000 by 2025. In the long term, analysts see even more potential. Given increasing capital inflows through spot Ethereum ETFs and growing institutional demand, price targets of up to $15,000 are conceivable in the medium term.
Donald Trump’s election victory and his crypto-friendly policies could act as an additional driver by further driving the crypto market. Experts expect that a bull run could bring not only Ethereum, but also numerous altcoins to new highs.
Ethereum ecosystem explodes
In addition to the optimistic price forecasts, the fundamental data also speak for Ethereum. Despite known challenges such as high transaction costs and limited scalability, Ethereum remains one of the most important blockchains in the market. Layer 2 solutions have helped increase the efficiency and competitiveness of the network by making transactions faster and cheaper.
Ethereum is seeing an 8-month high level of new wallets created. With an average of 130.2K addresses newly popping up on the network every day so far in December, ETH is seeing renewed interest it hasn’t seen since April. pic.twitter.com/sLPy8yeWtl
— Santiment (@santimentfeed) December 13, 2024
Evidence of the growing usage is the number of new wallets created every day, which has recently increased to 130,000 – a level that was last reached eight months ago. In addition, the spot Ethereum ETFs, which initially fell short of expectations, have now generated billions in capital inflows, which is supporting the price.
BlackRock’s Jay Jacobs recently confirmed that the proportion of customers investing in crypto ETFs such as Ethereum and Bitcoin is currently still low. This suggests that the recent capital inflows are just the beginning and institutional interest in the crypto market is likely to continue to grow. A development from which numerous tokens based on Ethereum could also benefit. Crypto Allstars ($STARS) is currently the focus of investors.
Find out more about Crypto Allstars now.
Crypto Allstars could perform significantly better than Ethereum
Meme coins have been in extremely high demand all year round. $PEPE, which is also based on Ethereum, has now reached a market capitalization of over $10 billion and numerous other coins have also gone through the roof. Crypto Allstars is therefore not only launching the $STARS token, but also the MemeVault. The MemeVault allows investors to stake the most popular meme coins in a single staking protocol, regardless of their blockchain.
($STARS Token Presale – Source: Crypto Allstars website)
The concept of the MemeVault has been popular with investors from the start. To use the MemeVault, investors need $STARS tokens and the staking return can be tripled by holding a larger amount of the coin. This has caused demand for the new coin to explode.
Although $STARS is still available for pre-sale, investors have already invested almost $17 million to get in on the crypto exchanges ahead of its listing. This high demand leads analysts to believe that the $STARS price could quickly go through the roof after launch and increase many times over. However, advance sales end in just 5 days.
Get in now and buy $STARS in the presale.
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