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
Eugene: Bullish on UNI or leading the market rebound
Michael Saylor: Strategy will only sell its bitcoin holdings if bitcoin falls below $10,000
Data: Hyperliquid platform whales currently hold $5.866 billions in positions, with a long-short ratio of 0.89.
Trending news
MoreCrypto prices
More
