A top crypto analyst and cryptocurrency whale shared the latest altcoin and Bitcoin comments. The analyst stated that he expects a drop in Ethereum price. On the other hand, Bitcoin also aims to decrease in the short term. However, these two cryptocurrencies are on the rise in the long run. Here are the details…
Analyst announces forecasts for leading altcoins Ethereum and BTC
Analyst and whale Kaleo reveals the long-term roadmap for Ethereum (ETH) to rise to its all-time high (ATH) $10,000. Kaleo tells his 527,600 Twitter followers that ETH could fall as low as $700 or $800 in 2023. However, she states that it may explode a few years later.
Need to keep it simple. We can expect a lot of volatility in the floor range during the next BTC halving. But it’s time to acknowledge that we are in a crab market. No price discovery until late 2024 / early 2025.
Ethereum is trading at $1,045 at the time of writing. The second-ranked crypto asset by market cap has dropped more than 5 percent in the past 24 hours. Similarly, Kaleo does not see Bitcoin (BTC) reach an all-time high until 2024 or 2025. He says that Bitcoin has “reached an all-time high” on its roadmap. The trader says he wants to open a long position in BTC once it reaches $16,500. Bitcoin is trading at $19,396 at the time of writing. The top-ranked crypto asset by market cap has dropped more than 4% in the past 24 hours.
Ethereum comment comes from famous names
In addition to technical analysis, comments on ETH and BTC come from many experts in the industry. One of the most surprising of these was that of MicroStrategy CEO Michael Saylor. MicroStrategy CEO Michael Saylor said in an interview with Altcoin Daily that Ethereum (ETH) is a security. According to Saylor, the fact that Ethereum was first released via an initial coin offering proves that it is not a commodity. Ethereum’s management team cites the pre-mining process and hard fork as the reason.
He also talked about Ethereum’s difficulty bomb and how it was delayed every six months. According to Saylor, this also serves to prove that the asset is a security. If the Ethereum difficulty bomb “explodes”, it deters miners and marks the full transition of the network to a PoS consensus mechanism. According to Saylor, a cryptocurrency can only be a commodity if the issuer/entity is not clear and no one on the network makes a decision.
