Ethereum: Crypto Analyst Suggests Triggers That Could Propel the Price to $10,000
According to Guy Turner, a cryptocurrency analyst from Coin Bureau, Ethereum (ETH) could reach a value of $10,000 during the next bullish market if certain triggers occur.
In his discussion, Turner highlights the significance of the beginning of the crypto journey and the potential for innovation in the field. He suggests that a killer app could emerge and boost a particular sector, resulting in a surge in the value of Ethereum.
Although he has no idea what this “killer app” could be, he believes that the possibilities of what crypto can achieve are vast and that a game-changing development could emerge in the GameFi or metaverse sector.
READ MORE: Bitcoin’s Near Future: Brace for a Correction or Expect a Breakout?
Alternatively, Turner suggests that a less thrilling trigger, such as the introduction of a central bank digital currency (CBDC) by a major country, could also serve as a stimulus for cryptocurrency adoption.
In this case, if a big economy launches a CBDC with significant limitations on usage, people may turn to other options like Bitcoin, which are not subject to such restrictions.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
