Ethereum

Based

Rally

Stronger

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/ethereum-could-reach-five-digit-prices-predicts-morgan-creek-capital-ceo/" data-wpel-link="internal">Ethereum Could Reach Five-Digit Prices, Predicts Morgan Creek Capital CEO</a><br></p>
<p style="text-align: justify">Morgan Creek Capital’s CEO and founder <strong>Mark Yusko</strong> has expressed bullish sentiments about Ethereum (ETH), suggesting that the altcoin king could reach a five-digit price. Yusko anticipates that the Ethereum network’s main asset, ETH, will perform better than Bitcoin (BTC).</p> 
<h2 style="text-align: justify" id="strong-ethereum-s-15-000-price-forecast-strong"><strong>Ethereum’s $15,000 Price Forecast</strong></h2> 
<p style="text-align: justify">In an interview with <a href="https://en.coin-turk.com/what-is-solana-coin/" data-wpel-link="internal">Altcoin</a> Daily, Yusko pointed to the long-standing Bitcoin-Ethereum ratio, stating that if the largest cryptocurrency sees a significant rise, ETH’s price could increase by 410% from its current levels.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-319155" src="https://coin-turk.com/wp-content/uploads/2024/02/Mark-Yusko-Altcoin-Ethereum-ETH.png" alt="" width="1456" height="816"></p> 
<p style="text-align: justify">Yusko mentioned that historically, there has been a Bitcoin-Ethereum ratio of about 10 to 1, meaning when Bitcoin was at $20,000, ETH was around $2,000. Based on this ratio, Yusko speculated that if Bitcoin reaches $150,000, the ratio would remain around 1.5, potentially leading the altcoin king to a price of $10,000.</p> 
<p style="text-align: justify">Moreover, Yusko highlighted that considering market sentiment and past performance, some investors believe ETH’s price could go beyond this prediction. The CEO of Morgan Creek Capital added that if the Bitcoin-Ethereum ratio returns to 10 to 1, ETH’s price could reach $15,000, with the ultimate target price range being between $10,000 and $15,000.</p> 
<h2 style="text-align: justify" id="strong-expecting-a-stronger-rally-than-bitcoin-strong"><strong>Expecting a Stronger Rally Than Bitcoin</strong></h2> 
<p style="text-align: justify">At the time this article was prepared, ETH’s price was trading at $2,921, while Bitcoin was around $51,000. Referring to past trends where Ethereum has outperformed Bitcoin, Yusko expects the altcoin king to stage a stronger rally in the near future. He emphasized that Ethereum’s performance could reflect the “last meteoric parabolic movement” typical of bull market cycles.</p> 
<p style="text-align: justify">Yusko’s optimistic outlook for ETH reflects growing confidence in the altcoin king’s potential to bring significant gains to investors. As Ethereum continues to attract attention as a leading blockchain network for decentralized applications and smart contracts, investors remain focused on price movements and further growth potential.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/ethereum-could-reach-five-digit-prices-predicts-morgan-creek-capital-ceo/" data-wpel-link="internal">Ethereum Could Reach Five-Digit Prices, Predicts Morgan Creek Capital CEO</a></h5>

Ethereum Could Reach Five-Digit Prices, Predicts Morgan Creek Capital CEO

Table of Contents

COINTURK NEWS

Other articles published on Feb 24, 2024

The OnGoing ICO of Memereum - Don't Lose The Opportunity

Polkadot Skyrockets As Key Indicators Point to Continued Bullish Momentum

Bitcoin Millionaires Surge as Prices Climb

Solana (SOL) & Binance Coin (BNB) double down on Pushd (PUSHD) stage 5 as 30x looking likely post...

Best Crypto to Buy Now February 24 – Aave, Xai, Beam

The Graph Crypto Price Prediction – Evaluating $GRT Tokenomics and Market Insights

Join our free newsletter for daily crypto updates!