ETH to $30k by May. Sit on your hands season, History rhymes.
It's kinda spooky that it's almost exactly a year ago today that we went parabolic with ETH and we're looking at very very similar conditions.
If we do 50% of what we did last year, then yeah, $30k is my target for ETH. Here's how this can happen other than just looking at a chart.
-Massive supply shock of the merge happening and more people being comfortable with staking/locking ETH for ~4% yield
-Ethereum Spot ETF launches in the spring and there simply isn't enough ETH for people to get exposed because most of it is staking
-Coinbase launches NFT marketplace, fully denominated in ETH
-Tesla accepts BTC/ETH/DOGE
-Meta and Nike and other massive corporations accept payments in ETH
-L2s continue to grow
There are people that look at price targets like this and roll their eyes, but ask yourself this. What's crazier, ETH going from $80 to $4700 (58x) from 3/2020 to 11/2021, or ETH doing a 6x from $4700 to $30k?
Stock Market investing has just started to become mainstream in the last ten to twenty years, and crypto will be a part of every portfolio. Stocks will replace bonds as the low risk return, and crypto will replace stocks as the risk on.
Maybe this is the epic double bubble and it crashes from $30k to $3k after tapering is announces and the music stops, but I won't be on the sidelines. GLHF, WAGMI, GN
If we do 50% of what we did last year, then yeah, $30k is my target for ETH. Here's how this can happen other than just looking at a chart.
-Massive supply shock of the merge happening and more people being comfortable with staking/locking ETH for ~4% yield
-Ethereum Spot ETF launches in the spring and there simply isn't enough ETH for people to get exposed because most of it is staking
-Coinbase launches NFT marketplace, fully denominated in ETH
-Tesla accepts BTC/ETH/DOGE
-Meta and Nike and other massive corporations accept payments in ETH
-L2s continue to grow
There are people that look at price targets like this and roll their eyes, but ask yourself this. What's crazier, ETH going from $80 to $4700 (58x) from 3/2020 to 11/2021, or ETH doing a 6x from $4700 to $30k?
Stock Market investing has just started to become mainstream in the last ten to twenty years, and crypto will be a part of every portfolio. Stocks will replace bonds as the low risk return, and crypto will replace stocks as the risk on.
Maybe this is the epic double bubble and it crashes from $30k to $3k after tapering is announces and the music stops, but I won't be on the sidelines. GLHF, WAGMI, GN