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The Ethereum bulls are trampling: Within the last 24 hours, Ethereum (ETH) has been able to grow strongly – and so far the rally does not seem to be slowing down either. Is Ethereum already taking off, is the “The Merge” rally coming?
Ethereum before The Merge: price with strong momentum
In an estimated two weeks (twelve. September 10 and 20) get Ethereum with “The Merge“ the most important update in the history of the smart contract platform so far. Industry observers are already full of anticipation, investors, traders and analysts believe a price explosion is likely.
Arthur Hayes, for example, founder of the crypto exchange BitMEX, expects a positive price development in the short term. True, Ethereum will probably not rise directly to $ 5,000, as previously suspected by him. Hayes is still safe: The Ethereum price will benefit from The Merge.
This is probably already showing up. The price was able to grow strongly within the last 24 hours. From yesterday’s low of $1,445, the ETH bulls pushed the coin up to $1,595. An increase of more than 10% and a new local high for the second most valuable cryptocurrency (data from Coinmarketcap.com ).
$ETH is just flying since… wtvr pic.twitter.com/CmQtvepwkl
– Bitbit.BTFD (@bitbitcrypto) August 30, 2022
The trading volume is also in the green area, at 33.44% and a 24-hour volume of 19,250,157,128 dollars, a good bit above the previous day’s value.
In addition to Hayes, other forecasts are bullish on Ethereum, such as Gov.capital: Their prediction is that Ethereum will trade at $3,877 within the next 12 months (+143%), will even reach a five-digit price of $ 17,739 by 2027. This corresponds, in relation to the current course, a return of +1.015% within the next five years.
Tip: new meme coin Tamadoge – the “Play-to-earn dogecoin”
The new meme coin is currently still in the presale for a short time-Tamadoge (TAMA), the “Play-to-earn dogecoin”: a deflationary project that, unlike many other meme coins, wants to bet on concrete benefits. This means: Tamadoge wants to offer investors more than memes and a strong community – and sets loud White paper therefore, a multi-faceted ecosystem with several components.
These include, for example, the opportunity to earn money by playing Tamadoge (“Play to Earn”), to make the planned Metaverse (“Tamaverse”) unsafe with his Tamadoge pet, or to buy and sell NFTs via the integrated pet store. Tamadoge is currently still in pre-sale, However, the first listing on the top 20 crypto exchange LBank will take place immediately afterwards. This is bullish for Tamadoge, as corresponding quotations usually have a strong effect on the price.
Cryptocurrencies are a very volatile, unregulated investment product. Your capital is at risk.