QCP Capital, a crypto asset trading company, predicts that Ethereum’s price could rise by 60% and reach $6,000 in the event of a successful spot ETF.
QCP Analysts based their forecasts on performance of spot Bitcoin ETF figures that were approved According to Crypto.news, Bitcoin ( ) reached a new high in January. Bitcoin prices (selon crypto.news) were up by a whopping 45% in January.BTCIn the first two months after the approval, the amount of money that was paid to the employee increased by 66%.
The SEC will decide on the future of Ethereum ETF VanEck, Ark Invest and other applicants submitted their applications on Thursday and Friday. Invesco Fidelity BlackRock Grayscale Franklin Templeton Bitwise Bitwise have also made amendments at the last minute to their applications. filings This week.
“All eyes are on the ETH ETF deadline later today. With Friday implied volatility above 100%, the market is expecting fireworks,” QCP Broadcast – the QCP Broadcast is a collection of articles written by analysts. “VanEck’s ETF has been listed by the DTCC. We think an approval is now highly likely with trading expected as early as next week.”
QCP has a bullish outlook, which is in line with the research firm Bernstein. Analysts noted this past week that the demand for the product has been sustained. Bitcoin ETFs After approval, they will anticipate a parallel price movement for Ethereum.ETH).
“However, ETH free float and supply looks even more attractive than bitcoin…constrained by sticky investors and utility locking supply in financial smart contracts,” Bernstein’s analysts made a comment.
The following is a list of CoinMarketCapEthereum is now 28% higher in price and 17% more active. Currently, it is just under $3,000.
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Source: crypto.news
