Why more analysts are starting to expect Ethereum may hit $10k long-term

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Why more analysts are starting to expect Ethereum may hit $10k long-term

CryptoSlate1 week ago
Published on January 14, 2021 08:00 GMT+0edited on January 14, 2021 08:06 GMT+0

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More analysts are beginning to believe that Ethereum could achieve $10,000 to $20,000 in the long-term.

The $20,000 target was first brought upon during this bull cycle by Real Vision Group CEO Raoul Pal. The industry executive noted that Ethereum is following Bitcoin’s growth trajectory based on Metcalfe’s law.

"Oh shit, really? Is ETH identical in price structure to BTC when it had same number of active addresses?? But, but ,I thought it was a worthless shitcoin???" pic.twitter.com/MX5U9IMMJn

— Raoul Pal (@RaoulGMI) January 7, 2021

Ethereum to $10k, is it possible?

For Ethereum to achieve $10,000, it would have to hit a $1.1 trillion market cap. The current valuation of Bitcoin is hovering at $640 million while ETH’s market cap is at around $120 …