BITMINE: Ethereum price will reach $ 60,000

In her latest presentation, Bitmine Immersion Technologies estimated Ethereum (ETH) at $ 60,000, citing data from unnamed research firms

This assessment appeared against a background of significant ETH growth. The price increased by 57% over the past month, overtaking bitcoin (BTC), which increased by 10%.

Bitmine estimates Ethereum at $ 60,000

On Monday, Bitmine, the largest public holder of ETH, launched a series of video “Chairman Message”. In these monthly videos, the company shares a strategic vision of cryptocurrency investment. Together with the presentation on the social network X (previously Twitter), a slide “Summary of the potential cost of the Ethereum network” was presented.

The forecast suggests that ETH will grow 18 times from the current market price.

Ethereum price forecast: What do analysts expect

Many analysts are increasingly predicting the increase in the cost of Ethereum. In a recent post, Bitcoinsensus suggested that Ethereum is ready for significant growth, similar to what Bitcoin survived in 2020. The analyst noted that ETH can break through a long -term trend line, which will lead to a price increase.

Ted Pillow also noted that Altcoin is currently underestimated. He argues that, based on the growth of the money supply, the M2, the cost of Ethereum should already exceed $ 8,000.

Analyst Mark noted that more and more investors accumulate Ethereum, which indicates a growing confidence in his future potential.

Meanwhile, the dominance of bitcoin is reduced, and experts believe that Ethereum can benefit from this. The approaching 10th anniversary of Ethereum attracted additional attention, which makes the token even more attractive for investors.

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