Anthony Sassano predicts ETH will rise to $10,000

Crypto analyst Anthony Sassano said that the value of the second largest digital coin by capitalization could rise to $10,000 by the end of 2024. A prerequisite for this should be the likely launch of a spot ETF.

According to Sassano, a key factor in the cryptocurrency’s growth is the adoption of Ethereum by institutional investors. The analyst believes that the proof-of-stake consensus mechanism makes ETH greener than other digital assets, which may be an important factor for those following ESG (Environmental, Social and Governance) trends.

Recently, the volume of transactions on the ETH network has grown to 1.3 million. The last time such levels were recorded was in November 2021, when Ethereum was trading at a maximum price above $4,600.

The Ethereum network has seen a systematic increase in the number of new addresses and a gradual decrease in the supply of digital coins on crypto exchanges. According to Santiment, about 90,000 new addresses appeared on the ETH network every day.

Such activity signals that the second most popular cryptocurrency can continue to demonstrate growth. The emergence of new wallets is a factor in the demand for the Ethereum blockchain among users, indicating that the demand for ether is likely growing.

Santiment analysts indicate that the cost of ETH has increased significantly relative to BTC. Over the past week, the ETH/BTC rate has increased by almost 18%, and over the past month the growth has exceeded 12%.

We would like to remind the readers that at the end of last year, the famous crypto expert Lark Davis voiced his own forecast regarding the possible explosive growth of the second largest cryptocurrency by capitalization.

He refrained from specifying a specific period during which Ethereum should rise in price, saying that the question is not “if,” but “when.” According to Davis, the price of ETH will eventually reach $10,000.

Do you agree with this?