Abra’s CEO predicted that the Ethereum price could reach $40,000. He is more optimistic about Ethereum than Bitcoin (BTC). In this regard, the administrator pointed to the plethora of use cases for ETH. He also explained what levels the two cryptocurrencies could be at in the summer. Here are the details…
CEO of Abra is very optimistic about Ethereum
Bill Barhydt, CEO of crypto trading platform Abra, in an interview with CNBC, why Ethereum is more bullish than Bitcoin, he shared his thoughts about being a “bullish”. He also predicts that the price of Ethereum (ETH) could reach $40,000, experiencing a significant increase from the current price of the cryptocurrency. Barhydt draws attention to the area of leading altcoins, especially decentralized finance (DeFi) and non-fungiable tokens (NFT), and uses the following statements:
Ethereum’s network effect is based on the idea that the world can have computers. Stablecoins are used for NFTs, DeFi… and now for gaming.
With the arrival of “staking”, the CEO hopes there will be “a massive influx of people trying to hold Ethereum”. He compared the network effects of Ethereum to Bitcoin and said, “In the short term, the network effects for Ethereum are more bullish for me due to the use cases that are just starting to emerge.” “If gas fees and transaction fees drop, watch out because all barriers to these network effects will be removed,” he added.
What are the Bitcoin and Ethereum forecasts?
“After the [ETH 2.0 upgrade] in June or July – whenever the switch to proof-of-stake happens – there may be those who will be able to sell after this news,” warned investors. Still, Barhydt mentioned that there could be “potential $30,000 – $40,000 Ethereum.” He implied that the cryptocurrency is “deflationary and use-case rich.”
Abra CEO stated that he believes $250,000 can be seen in Bitcoin in the long run, following his prediction of $30,000-40,000 in ETH. At the time of writing, Bitcoin is changing hands at $39,086, up 0.4%, and Ethereum at $2,592, up 0.3%. As we have also reported as Kriptokoin.com, investors are waiting for the Fed statements this week.
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