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Ethereum’s continuing proof-of-stake upgrade along with its DeFi potential and new all-time high could activate its price to escalate above ten thousand USD, as per one cryptocurrency analyst.
The latest prediction is given by David Grider, a strategist at key market research company Fundstrat Global Advisors.
According to a report by Bloomberg, Fundstrat strategist David Grider commented on Ethereum making new historical records of around fourteen thousand three hundred USD in a recent investor note. Grider mentioned that the 2nd biggest digital asset might surge more than sevenfold to ten thousand five hundred USD subsequent to setting a new record.
The strategist purportedly mentioned that Ethereum is now “the best risk/reward investment play in crypto,” highlighting that the Ethereum blockchain is the prime foundation for DeFi applications. Grider further added that blockchain computing may be the future of the cloud.
The strategist added that as Ethereum has been continuing with its POS upgrade, its network has the prospects to scale outstandingly and process transactions at a level analogous to Mastercard and Visa.
At the time of reporting, Ethereum is trading at around 1127 USD down over 14% over the past twenty four hours.
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