A simple survey by a Crypto blogger showed that the majority of crypto people are optimistic about the current bull cycle & expecting big gigantic rallies.
At present, the trade price of Ethereum is $3,932 & this trade price is 3.9% higher over the last 24 hours. On the other hand, the majority of the other crypto assets are calm.
#Ethereum current trading at ~$4,000 pic.twitter.com/4p9ZS46ccb
— Bitcoinik (@Bitcoinikdotcom) May 27, 2024
-----Cryptonews AD----->>>
Sign up for a Bybit account and claim exclusive rewards from the Bybit referral program! Plus, claim up to 6,045 USDT bonus at . https://www.bybit.com/invite?ref=PAR8BE
<<<-----Cryptonews AD-----
Amid the bull sentiments around ETH coin, the DeFiance Capital founder Arthur predicted that the trade price of ETH will be able to reach $4,500 before spot ETH ETF trading goes live.
Many Crypto enthusiasts noted that there is a very big possibility for ETH to trade at the projected target of $4.5k level.
Chinese crypto blogger Colin Wu also conducted a survey on ETH price via his X (formerly Twitter) account to ask what people think about the ETH price.
Nearly 32% of people said that ETH will trade nearly $10k in the current bull cycle and 25.6% believe that price will be more than $10k.
Meme token trend
It is a bitter reality that we saw big rallies for those crypto assets that grabbed the crypto trend concept. In particular, only those crypto tokens showed rallies that were linked to Artificial intelligence (AI) technology.
After AI, only meme crypto tokens surged rapidly. For example, the Pepe meme token currently has a market cap more than the popular Ethereum layer-2 scaling network Polygon (Matic).
It is worth it to note that recently the US Biden Administration opened a job position to hire a digital trendy meme maker manager, to attract GenZ ahead of the US presidential election.
Read also: US State Wyoming to launch US dollar-pegged stablecoin $WYST
People believe Ethereum will trade around $10k in this bull cycle: Survey
https://bitcoinik.com/people-believe-ethereum-will-trade-around-10k-in-this-bull-cycle-survey/feed/
https://bitcoinik.com/people-believe-ethereum-will-trade-around-10k-in-this-bull-cycle-survey/feed/
