{"id":14654,"date":"2023-05-27T12:47:10","date_gmt":"2023-05-27T16:47:10","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/ethereum-price-wont-hit-10000-this-year-but-this-altcoin-is-set-for-20x-gains\/"},"modified":"2023-05-27T12:47:11","modified_gmt":"2023-05-27T16:47:11","slug":"ethereum-price-wont-hit-10000-this-year-but-this-altcoin-is-set-for-20x-gains","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=14654","title":{"rendered":"Ethereum Price Won\u2019t Hit $10,000 This Year, but This Altcoin Is Set for 20x Gains"},"content":{"rendered":"
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Launched exactly six years after Bitcoin, Ethereum has risen through the crypto ranks to become the second most valuable crypto asset by market cap with almost 20% in market share.\u00a0<\/p>\n

Its popularity stems from its ingenious flexibility, which has enabled decentralized transfer and decentralized financial trading, and smart contracts.\u00a0<\/p>\n

This seemingly pivotal first-mover advantage (FMA) has seen many people postulate that $ETH could be on a pilot flight to $10,000 by this year’s end following its successful switch to a proof-of-stake (PoS) consensus algorithm.\u00a0<\/p>\n

However, macro events could serve as a stumbling block given the whirlwind of regulatory actions targeted at the crypto space.<\/p>\n

Even if $ETH does not make the $10,000 target price, the foremost smart contract token is still expected to post an impressive profit before the curtains of 2023 close.\u00a0<\/p>\n

Nonetheless, investors can easily tap into a new generation crypto trading solution called yPredict and significantly boost their earning potential in the short term.<\/p>\n

ETH Maintains Important $1800 Support Despite Bearish Straits<\/h2>\n

At press time, the Ether token is trading at $1,820, indicating a downtrend of 0.19% in the last 24 hours.\u00a0<\/p>\n

While it has tried to turn its sail back into calmer waters, the $ETH token has been unsuccessful as it has since shed 0.41% in the past hour.\u00a0<\/p>\n

However, its fortunes gradually improve over time.\u00a0<\/p>\n

$ETH is up 0.5% in the past seven days but is down by 2.37% in the last 30 days.\u00a0<\/p>\n

The asset’s bullish streak is, however, picked up in the 90-day streak as it has posted an impressive 14.31% increase and 52.67% in the 180-day bracket.\u00a0<\/p>\n

Its year-to-date (YTD) performance also leaves little room for speculation about its current market trajectory, with the Ether token up 52.52% so far.\u00a0<\/p>\n

This bullish streak is, however, cut short once we look at its short-term technical parameters.\u00a0<\/p>\n

Ether’s 50-day smooth moving average (SMA) is posting a price range of $1,891.56, significantly above its current value.\u00a0<\/p>\n

However, this could easily change, given that the broader market is already bullish.\u00a0<\/p>\n

On its longer 200-day simple moving average (SMA), $ETH is conspicuously bullish, with the indicator price at $1,575.34.\u00a0<\/p>\n

This long-term bullish sentiment is confirmed by its moving average convergence and divergence (MACD), posting a growing strong buy signal.\u00a0<\/p>\n

Given that its relative strength index (RSI) still has a 48.59 figure showing underbought market pressure, this makes now a viable opportunity to buy Ethereum.<\/p>\n

A16z Launches Anonymous Voting 0n Ethereum<\/h2>\n

The use case of the Ethereum blockchain is infinite. In a recent blog post, popular crypto venture capital fund A16z or Andreessen Horowitz\u00a0announced\u00a0the launch of anonymous voting on the Ethereum network.\u00a0<\/p>\n

Using the\u00a0Solidity language called Cicada, the solution prevents anyone except the individual voter from learning a person’s choice until the polling ends.<\/p>\n

The technology relies on time-lock puzzles and zero-knowledge proofs for private on-chain voting.\u00a0<\/p>\n

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This is a remarkable milestone for the world and the crypto market, as it means individual preferences are easily maintained without being tampered with.\u00a0<\/p>\n

Nonetheless, a new blockchain project is already focused on providing AI-powered insights to help investors make better decisions.<\/p>\n

yPredict ($YRED)<\/h2>\n

While market analytical tools are common in the mainstream market, they are still a novel concept in the crypto space.\u00a0<\/p>\n

However, a new blockchain project is looking to change all that.<\/p>\n

Based on the Polygon blockchain, yPredict is an AI-powered and machine learning platform that provides users with time-sensitive data and insights on different cryptocurrencies.\u00a0<\/p>\n

The innovative platform features AI signals and 25+ chart recognition patterns that help better identify bullish and bearish periods, sentiment, and technical analysis.<\/p>\n

The project is trained with billions of data points that help it carry out the complex market analysis.<\/p>\n

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Additionally, yPredict offers institutional investors alternate data they can use to make custom analyses on their end.<\/p>\n

yPredict is powered by the $YPRED token. Operating on the ERC-20 standard, the digital asset is deflationary as only 100 million tokens will ever be in circulation.\u00a0<\/p>\n

This unique standing point, coupled with its feature-rich service, has driven interest in the asset’s presale process.<\/p>\n

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So far, $YPRED has secured over $1.78 million in its current presale stage.\u00a0<\/p>\n

At press time, early bird investors can easily secure the digital asset for $0.09 before the next price hike to $0.10.<\/p>\n

Visit yPredict Now<\/strong><\/p>\n<\/p><\/div>\n