bt-crow.com
02 December 2021 10:45, UTC
Reading time: ~ 2 m
Well-known cryptanalyst Nicholas Merten believes that the token of the Ethereum smart contract platform (ETH) could grow by another 325% before the end of the current bull cycle.
In a new video, the DataDash host told his 458,000 YouTube subscribers what it takes for Ethereum to break the $ 20,000 level.
If everything goes perfectly for Ethereum … people using rollups, whether it’s zero knowledge rollups or optimistic rollups, usually “Level 2 solutions”, will be able to see Ethereum for $ 20,000 in this cycle.
I know this sounds crazy, but if you look at a logarithmic chart, we’ve seen similar interest rates before.
Rollups are solutions that execute transactions outside the Ethereum network, but write transaction data to it. There are two types of deployments – zero knowledge (ZK) and optimistic.
The analyst, whose forecasts are closely monitored, believes that if Ethereum maintains fundamentals, the rise to $ 20,000 will take place in several stages.
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