CryptoQuant: With increasing demand and on-chain activity, ETH is expected to break through $5000
On December 12, a CryptoQuant analyst stated that if the current supply and demand trends and investor interest continue to rise, the price of Ethereum could exceed $5,000. They added that on-chain activity for Ethereum has increased, daily transactions and dApp usage have driven up network fees, and supply growth has been slowed due to an increase in Ethereum burning. (The Block)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
LIBRA team withdrew USDC and purchased over 450,000 SOL, with an average entry price of $135
CryptoQuant CEO: The cyclical price bottom for bitcoin may be around $56,000
Galaxy Digital deposits over $133 million worth of BTC to an exchange
Data: US XRP spot ETF sees single-day net inflow of $25.41 million
Trending news
MoreCrypto prices
More
