Ethereum Skyrocket Math: Tom Lee Charts Path To $62,500
BitMine chairman Tom Lee has pinned Ethereum’s long-run upside to an explicit ratio framework and a “replacement-cost” lens on global payment rails. In his September 2 “Chairman’s Message,” the Fundstrat co-founder centers the analysis on the ETH/BTC cross and a year-end Bitcoin anchor of $250,000, using a slide-based grid to translate ratio levels into ETH spot targets—and then extends the calculus to a $62,500 scenario if Wall Street’s settlement stack migrates to Ethereum. Why Ethereum Could Soar To $62,500 “The 8-year average Ethereum to Bitcoin ratio is 0.04790 and it’s currently....
Related News
Ethereum has followed Bitcoin‘s trajectory and has registered a new 10% correction in the daily chart. The top cryptocurrencies have suffered for the past week. Fear and uncertainty seem to be driving market participants. At the time of writing, ETH trades at $2,270 with red across all charts. The cryptocurrency was rejected after it briefly […]
On October 29, 2021, the second-largest crypto asset in terms of market valuation, ethereum, reached an all-time price high at $4,467 per unit. Meanwhile, after the Ethereum network’s Altair upgrade went live, ether gas fees have skyrocketed significantly.
As Ethereum Tests New Price Highs, the Average Ether Transfer Fees Onchain Skyrocket
The two leading crypto assets by market valuation have had issues with high transfer fees for many years now but this month, Ethereum’s network fees are significantly higher than bitcoin’s. On Saturday, October 30,....
Ethereum classic after moving higher found sellers and moved down. Can it continue heading lower or will it bounce back versus Bitcoin? Key Highlights. Ethereum classic spiked higher as forecasted in yesterday’s post and then found sellers. There is currently a bearish trend line formed on the 30-min charts of ETC/BTC, which is acting as a hurdle for an upside move. The current price structure is bearish in the short term, but I still feel there is a chance of a surge towards 0.0035BTC before a major top. Ethereum Classic Resistance. Ethereum classic price ETC was on the rise yesterday. I....
Math Cannot Be Banned joined "Meet The Taco Plebs" to discuss his Bitcoin journey and the importance of storing your value in something finite. The post Interview: Trading Our Time To Earn Bitcoin With Math Cannot Be Banned appeared first on Bitcoin Magazine.
Blockchain data analytics firm Chainalysis has found that the total cryptocurrency gains worldwide amounted to $163 billion in 2021, which was 5x the previous year or a 400% increase.
Chainalysis on Crypto Gains Worldwide
Blockchain analysis firm Chainalysis published a blog post last week titled “2021 Cryptocurrency Gains by Country: Ethereum Leads as Gains Skyrocket Around the World.”
The firm explained that its estimates are based on a combination of web traffic data and its transaction data, including “on-chain, macro-level flows of all crypto....