Tyr Capital CIO: ETH's reasonable price target by the end of the year may be $10,000
According to Mars Finance, Ed Hindi, chief investment officer of Tyr Capital, said: "In the short to medium term, $5 billion to $10 billion of new capital may flow in through Ethereum products, which may drive ETH and its ecosystem to a record high by the end of the year. The price of $10,000 in 2024 is now a reasonable target, taking into account other supporting factors, such as ETH is now in a deflationary state."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: If ETH falls below $2,978, the cumulative long liquidation intensity on major CEXs will reach $1.44 billions.
Stable and Theo will jointly invest over 100 million USD in ULTRA
SEC Chairman: The "Crypto Market Structure Bill" is About to Pass
Trending news
MoreCrypto prices
More
