Abra’s CEO predicts that the price of ether could reach $ 40,000. He is more bullish on Ethereum than Bitcoin. “The use cases are on the roof,” said an executive.
Abra CEO predicts Ethereum price
In an interview with CNBC on Friday, Bill Barhydt, CEO of crypto trading platform Abra, shared his thoughts on why Ethereum is more bullish than Bitcoin. He also predicts that the price of Ethereum (ETH) could reach $ 40,000. This is a significant increase from the current price of cryptocurrencies.
Barhydt explains: “The network effect of Ethereum is based on this idea that Ethereum could become a computer in the world. It is used for Stablecoin, NFT. [non-fungible tokens]Defi [decentralized finance] … and I’m playing a game now. “
The CEO expects “when stakes come” and “a large influx of people trying to hold Ethereum.” Comparing the network effects of Ethereum and Bitcoin, he commented:
The short-term Ethereum network effect is actually more bullish to me as the use cases are just beginning.
He continued. “If gas and transaction prices go down, it’s a proof of stake promise. Be aware that now all the obstacles to these network effects are out of the way.”
However, executives warn: You may see some sort of news selling pullback. “
Nevertheless, Barhydt said without mentioning a specific time frame:
I think you are potentially talking about $ 30,000 – $ 40,000 Ethereum.
He states: The use case is on the roof. In my opinion, all the stars are now just lined up on Ethereum. “
The FinTech expert panel at Finder.com, on the other hand, isn’t as bullish as Abra CEO. The panel previously predicted that ETH would reach $ 50,788 by 2030. The estimate has been reduced to $ 26,338. At the time of this writing, ETH is trading at $ 2,518 based on Bitcoin.com Markets data.
What do you think of Barhydt’s Ethereum price forecast? Let us know in the comments section below.
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