Ethereum

Token

Core

Green

<p>The Ethereum price is up 4% to trade for $3,936 as of 04:50 EST time on trading volume that slumped 23%.</p>
<p>It comes amid growing uncertainty in the cryptocurrency market, with the Bitcoin price still range-bound below the $69,000 psychological level.</p>
<p>Nevertheless, the Ethereum price is steadily edging towards the $4,000 milestone, levels last seen in January 2022.</p>
<p>Meanwhile, a Bitwise analyst says that while Bitcoin is the main topic of discussion after it “sucked up all the attention” recently, Ether could more than double from current prices this year.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Ether <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a> has been "largely overshadowed" by Bitcoin <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> for the past several months, but the laggard could more than double in price in 2024, according to a Bitwise analyst.</p>
 <p>This month's Dencun upgrade in mid March will make transactions cheaper on layer 2 networks, which… <a href="https://t.co/4P85InbtcH" rel="noopener noreferrer nofollow">pic.twitter.com/4P85InbtcH</a></p>
 <p>— DefiDive (@defi_dive) <a href="https://twitter.com/defi_dive/status/1766033192715489743?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 8, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>Juan Leon, a cryptocurrency research analyst at asset manager Bitwise, told CoinDesk that the Ethereum price may go to $10,000 or even higher this year.</p>
<p>“Bitcoin has sucked up all the attention with the bitcoin ETFs launching,” said the analyst, adding, “but [ETH] has at least two major catalysts that will come into focus.”</p>
<h2 id="why-the-bitwise-analyst-is-optimism-about-ethereum-price">Why The Bitwise Analyst Is Optimism About Ethereum Price</h2>
<p>The Bitwise analysts ascribes the optimism to two bullish fundaments in the Ethereum network.</p>
<ol>
 <li><h4><strong>Dencun Upgrade</strong></h4></li>
</ol>
<p>Ethereum&nbsp;Core developers said that the Dencun upgrade was successful y deployed on the Holesky Testnet early on January 31. With the smooth release, the upgrade is ready for its mainnet release and could arrive as early as March 2024.</p>
<p>In a series of posts on social media platform X, Ethereum Core Developer Parithosh J said that the next step for the Dencun upgrade is the mainnet launch.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Holesky is finalized for Deneb 😀</p>
 <p>Churn limit looks good so far and blobs are flowing smoothly!</p>
 <p>Next stop, Mainnet! <a href="https://t.co/MiEsJfHvFz" rel="noopener noreferrer nofollow">https://t.co/MiEsJfHvFz</a></p>
 <p>— parithosh | 🐼👉👈🐼 (@parithosh_j) <a href="https://twitter.com/parithosh_j/status/1755198250456408297?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 7, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>In hindsight, the testnet rollout was not eventful; an outcome that inspired increased confidence among Ether token holders. Another Core developer, Terrence, had indicated that the participation of nodes dropped by approximately 5%. He ascribed this to node operators being offline. The developer also highlighted that no bugs were reported.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Holesky is finalized for Deneb. Another successful upgrade!!</p>
 <p>Participation dropped by approximately 5%, which I suspect is mostly due to node operators being offline. I have not seen any bugs reported yet. <a href="https://t.co/qlrZFedAnN" rel="noopener noreferrer nofollow">https://t.co/qlrZFedAnN</a></p>
 <p>— terence.eth (@terencechain) <a href="https://twitter.com/terencechain/status/1755197748692078977?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 7, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>For the layperson, the Dencun upgrade is expected to make transactions cheaper&nbsp;on layer 2 (L2) networks. Such an outcome would enhance the network activity while at the same time attracting mainstream, mass consumer demand for the Ethereum, said Leon.</p>
<p>Nevertheless, the Bitwise analysts acknowledged that “most of the positive sentiment will happen weeks and months after the upgrade as the effects take place.”</p>
<ol start="2">
 <li><h4><strong>ETH ETFs</strong></h4></li>
</ol>
<p>Meanwhile, there remains speculation that an Ethereum exchange-traded fund (ETF) would launch in the market soon. This assumption comes after spot BTC ETFs were approved in a landmark decision on January 10.</p>
<p>While it remains unclear if ETH ETFs will follow, given the odds remain lower than they were for the BTC alternative, Bitwise’s Leon said the mere possibility is a source of excitement for community members. With this, the analyst gives a 50%-60% chance for an approval.</p>
<p>The possibility of an approval would increase the allure of Ether among more conservative, institutional investors, like it did for BTC.</p>
<p>Other fundamentals that could also bode well for the Ethereum price include ETH’s deflationary supply, its restaking offering, and enhanced decentralized finance (DeFi) activity.</p>
<h2 id="ethereum-price-outlook-as-bitwise-analyst-speculates-more-gains-for-eth">Ethereum Price Outlook As Bitwise Analyst Speculates More Gains For ETH</h2>
<p>The Ethereum price is closing in on the $4,000 psychological level, which could come soon considering momentum is rising fast. This is seen with the ascending Relative Strength Index (RSI), accentuated by the growing bars of the volume indicator. The latter suggests a bullish trend that is only growing stronger.</p>
<p>If the Ethereum price manages a candlestick close above $4,000, it would clear the path for Ether to reclaim its all-time high of $4,868. Such a move would constitute a 23% move above current levels. In a highly bullish case, the Ethereum price could extend a neck high to nick the $5,000 psychological level, marking a new all-time high.</p>
<p><a href="https://insidebitcoins.com/wp-content/uploads/2024/03/ETHUSDT_2024-03-08_12-49-23.png" rel="noopener noreferrer nofollow"><img decoding="async" class="aligncenter wp-image-487104 size-full" src="https://insidebitcoins.com/wp-content/uploads/2024/03/ETHUSDT_2024-03-08_12-49-23.png" alt="Ethereum" width="1273" height="538" srcset="https://insidebitcoins.com/wp-content/uploads/2024/03/ETHUSDT_2024-03-08_12-49-23.png 1273w, https://insidebitcoins.com/wp-content/uploads/2024/03/ETHUSDT_2024-03-08_12-49-23-300x127.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/03/ETHUSDT_2024-03-08_12-49-23-1024x433.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/03/ETHUSDT_2024-03-08_12-49-23-768x325.png 768w" sizes="(max-width: 1273px) 100vw, 1273px"></a></p>
<p><a href="https://www.tradingview.com/x/pz1RLKuP/" target="_blank" rel="noopener noreferrer nofollow">TradingView: ETH/USDT 3-day chart</a></p>
<p>On the other hand, profit booking could interrupt the rally, sending the Ethereum price lower. This could see ETH provide another buy opportunity around the $3,602 threshold before the next leg up.</p>
<p>Meanwhile, many investors are looking at <a href="https://insidebitcoins.com/visit/greenbitcoin" target="_blank" rel="noopener noreferrer nofollow">GBTC</a>, a BTC derivative that many experts say might be the best crypto to buy now.</p>
<p><iframe title="BEST CRYPTO ALTCOINS TO BUY BEFORE 2024 BITCOIN HALVING (WOW!)" width="640" height="360" src="https://www.youtube.com/embed/O9c4cyV_M2o?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe></p>
<h2 id="promising-alternative-to-ethereum">Promising Alternative To Ethereum</h2>
<p>After raising almost $2.5 million from investors drawn by the allure of the ongoing Bitcoin bull run, GBTC is on a roll. It is the ticker for the <a href="https://insidebitcoins.com/visit/greenbitcoin" target="_blank" rel="noopener noreferrer nofollow">Green Bitcoin ecosystem</a>, a predict-to-earn project project built atop Ethereum’s infrastructure using the ERC-20 token standard.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">$2M raised!</p>
 <p>We couldn't be more thrilled to have you all along with us on this Green Revolution.</p>
 <p>We're building something huge! <a href="https://t.co/RDOvEyCyGW" rel="noopener noreferrer nofollow">pic.twitter.com/RDOvEyCyGW</a></p>
 <p>— GreenBitcoin (@GreenBTCtoken) <a href="https://twitter.com/GreenBTCtoken/status/1765404330780504122?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 6, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>GBTC is a gamified staking platform with participants earning rewards by predicting the Bitcoin price. It combines staking with gamified prediction, delivering rewards for GBTC holders and up to 100% token bonuses for the challenges presented live every week. There are daily and weekly BTC price prediction challenges that offer attractive rewards.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Introducing Green Bitcoin: A Revolutionary Predict-To-Earn Token.</p>
 <p>Join us on our Gamified Green Staking Platform, where your predictions can turn into profits!</p>
 <p>Website: <a href="https://t.co/dG5cEeCtRs" rel="noopener noreferrer nofollow">https://t.co/dG5cEeCtRs</a><br>Telegram: <a href="https://t.co/bWanoe0vHv" rel="noopener noreferrer nofollow">https://t.co/bWanoe0vHv</a> <a href="https://t.co/eXuGQBkxio" rel="noopener noreferrer nofollow">pic.twitter.com/eXuGQBkxio</a></p>
 <p>— GreenBitcoin (@GreenBTCtoken) <a href="https://twitter.com/GreenBTCtoken/status/1731315050349002862?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 3, 2023</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>The project also presents a&nbsp;<a href="https://insidebitcoins.com/news/want-to-earn-from-making-btc-predictions-check-out-green-bitcoins-gbtc-gamified-green-staking" target="_blank" rel="noopener noreferrer nofollow">sustainable staking model</a>&nbsp;called ‘Gamified Green Staking’ where users can earn passive income through staking rewards. The initiative embraces a sustainable approach, attracting eco-conscious investors and ESG-focused institutions.</p>
<p>Employing Ethereum network’s energy-efficient proof-of-stake mechanism, the project delivers a remarkable 10,000-fold reduction in energy consumption compared to Bitcoin’s proof-of-work model.</p>
<p><iframe title="GreenBTC New 10x Potential Low Market Cap Gem?! (BTC Alternative)" width="640" height="360" src="https://www.youtube.com/embed/VWvjq40oJNo?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe></p>
<p>Green Bitcoin has already amassed $2.47 million in funds out of a target objective of $2.535 million. Its token is selling for $0.6882, with a price increase coming in less than four days.</p>
<p><a href="https://insidebitcoins.com/visit/greenbitcoin" target="_blank" rel="noopener noreferrer nofollow">Visit and Buy GBTC here</a>.</p>
<h3 id="also-read">Also Read:</h3>
<ul>
 <li><a href="https://insidebitcoins.com/news/top-cryptos-with-potential-for-10x-returns-in-2024-green-bitcoin-scotty-the-ai-and-frog-wif-hat" rel="noopener noreferrer nofollow">Top Cryptos with Potential for 10x Returns in 2024 – Green Bitcoin, Scotty the AI, and Frog Wif Hat</a></li>
 <li><a href="https://insidebitcoins.com/news/bitcoin-price-prediction-btc-soars-9-to-highest-in-27-months-as-blackrocks-bitcoin-etf-hits-record-1-3-billion-inflow-time-to-buy-btc" rel="noopener noreferrer nofollow">Bitcoin Price Prediction: BTC Soars 9% To Highest In 27 Months As BlackRock’s Bitcoin ETF Hits Record $1.3 Billion Inflow – Time To Buy BTC?</a></li>
 <li><a href="https://insidebitcoins.com/news/why-you-should-check-out-green-bitcoin-gbtc-the-next-50x-token-taking-the-market-by-storm" rel="noopener noreferrer nofollow">Why You Should Check Out Green Bitcoin (GBTC) – The Next 50x Token Taking The Market By Storm</a></li>
 <li><a href="https://insidebitcoins.com/news/green-bitcoin-gbtc-is-a-token-you-dont-want-to-miss-out-learn-about-its-gamified-green-staking" rel="noopener noreferrer nofollow">Green Bitcoin (GBTC) Is A Token You Don’t Want To Miss Out – Learn About Its Gamified Green Staking</a></li>
 <li><a href="https://www.linkedin.com/pulse/best-penny-crypto-investments-top-picks-explosive-growth-calsona-j8nhe/" rel="noopener noreferrer nofollow">Best Penny Crypto Investments: Top Picks for Explosive Growth in 2024!&nbsp;</a></li>
</ul>
<div class="inContentProviderSingle inContentColor--insidebitcoins fc-row">
 <div class="inContentProviderSingle--wrapper">
  <div class="container">
   <div class="row mb-lg-3">
    <div class="col-12 col-md-8">
     <p class="inContentProviderSingle--title">Green Bitcoin - Gamified Green Staking</p>
    </div>
    <div class="col-12 col-md-4">
     <div class="inContentProviderSingle--rating">
      <div class="rating--holder">
       <p class="rating--text">Rating</p>
       <div class="rating--star-container">
        <div class="rating--star" style="width: 100%;"></div>
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="row">
    <div class="col-12 col-md-12 text-center d-block d-sm-block d-md-none d-lg-none"><img decoding="async" class="inContentProviderSingle--img mb-3" src="https://insidebitcoins.com/wp-content/uploads/2024/02/green-bitcoin.png" alt="Green Bitcoin" width="125" height="60">
    </div>
    <div class="col-12 col-md-8">
     <ul class="inContentProviderSingle--list">
      <li>Contract Audited by Coinsult</li>
      <li>Early Access Presale Live Now - greenbitcoin.xyz</li>
      <li>Predict To Earn - Featured In Cointelegraph</li>
      <li>Staking Rewards &amp; Token Bonuses</li>
      <li>$1+ Million Raised</li>
     </ul>
    </div> 
    <div class="col-12 col-md-4 d-none d-sm-none d-md-block d-lg-block"><img decoding="async" class="inContentProviderSingle--img float-right" src="https://insidebitcoins.com/wp-content/uploads/2024/02/green-bitcoin.png" alt="Green Bitcoin" width="125" height="60">
    </div>
   </div>
   <div class="row">
    <div class="col-12 text-center">
     <div class="inContentProviderSingle--button"><a href="https://insidebitcoins.com/visit/greenbitcoin" title="Start Trading" rel="noopener noreferrer nofollow">Learn More</a>
     </div>
     <div class="inContentProviderSingle--disclaimerText">
     </div>
    </div>
   </div>
  </div>
 </div>
</div>

Ethereum Price Prediction: ETH Closes On $4K As Bitwise Sees Surge To $10K And Experts Say This Bitcoin Derivative Might Be The Best Crypto ...

Table of Contents

Inside Bitcoins

Other articles published on Mar 8, 2024

How Biden's State Of The Union Affects 2024 White House Odds

Skyrocketing Presale: Raffle Coin (RAFF) Sees Huge Interest from Bitcoin Cash (BCH) and Avalanche...

OMNIA Protocol Joins ChainGPT Pad’s Incubation Program: Securing the Future of Web3

Pax8 Co-founder Shares Key Steps for Successful AI Adoption

Cardano’s Resilient Surge Defies Market Downtrend

FLOKI Surges 45% After Listing on Singapore’s Biggest Exchange

Join our free newsletter for daily crypto updates!