In the past few days, Tocken ETN shows rapid growth and has already exceeded $ 1,800, the Beincrypto edition has learned from experts how much will the second largest cryptocurrency of this year cost
Why ETN grew and who is behind it
Over the past seven days, the Ethereum rate has grown by almost 15% and exceeded $ 1,800, the asset capitalization increased from $ 184.1 billion to $ 207 billion.
As experts explain, ETN several reasons for growth. According to Vladislav Utushkina, CEO TTM Bank, one of the main catalysts was the successful launch of the zero phase of Ethereum 2.0, which took place on December 1, 2020. It was on the eve of the launch that the ETH course began to strengthen positions, and after it became clear that the launch of the deposit smart contract was successful, the price flew up. ETH holders place their coins on Staying in a smart contract, respectively, the ETH reserves on the stock exchanges are rapidly reduced.
Now in contracts have already posted more than 3 million coins.
But Sergey Khitrov, Founder & Ceo Listing.help, believes that the Listing on the Chicago Trade Exchange could affect the raising of the token.
Also on the increase in the price of ether indicates and the wave analysis of Elliott. As Anton Catin explains, the head of Tres Group GmbH, the TRES analytical team has long foreseen such an outcome of ETH events and added it to the top ten cryptocurrency of its investment portfolio for 2021.
Sergey Zhdanov, Soo Exmo, sees the cause of the growth of the price of ether in the activity of institutional investors.
Mikhail Bogdanov, Seo Koshelk.ru, tells about the movement of a coin, leaning on graphics. In his opinion, on February 2, there was a breakdown of a strong resistance in the area of $ 1400. It caused a pulsed long-movement that lasted a couple of days. As a result, the price moved up.
$ 3,26 not limit for Ethereum
Speaking about the forecasts of the price of Tocken ETN for the spring of 2021, all experts converge in the opinion that cryptocurrency will continue to grow.
Yuri Mazur, Head of CEX.IO Broker Data Analysis Department, is confident that in the third quarter ETH / USD firmly consolidates above $ 2,000. But here much will depend on how Bitcoin behaves, approaching the current maximum: breaks resistance and continue growth or again corrected.
According to analyst Kriptobiri Free2EX Alexander Shevelevich, $ 2,600 marker will be passed this summer. By the end of the year, the cost approaches $ 4,000 for the coin.
This promotes the popularization of cryptocurrency, the completion of the transition to version 2.0, cooperation with other projects, which has a positive effect on the value of the coin.
Nikita Cokhnikov, director of Alfacash, believes that the mark of $ 2,600 is quite achievable, if the regulators do not interfere with the work of the crypton.
But Sergey Zhdanov is not in a hurry to give optimistic forecasts.
But Mikhail Bogdanov, Seo Koslek.ru, adheres to another opinion. According to expert forecasts, the spring is possible to roll back to the punched resistance level of $ 1400. Beginning a strest trend and turning is not yet visible.
It should be noted that the growth value of ETN led to the fact that miners from China began to massively buy laptops for mining of this cryptocurrency. BEINCRYPTO also warned that it is not necessary to rejoice at such an increase in the course of the ether, because with the price of the coin the cost has increased sharply and for gas, and this can also damage the network itself.
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