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US Gov: ETH, BTC, ADA Are “Mature”—Ethereum to Rally $4K?

US Gov: ETH, BTC, ADA Are “Mature”—Ethereum to Rally $4K?

The US government has officially recognized three blockchains, including Bitcoin, Ethereum, and Cardano, as “mature blockchains.” This has led the world to witness a notable spike in the tokens related to these blockchains, followed by a visible heightened market activity as altcoins continue to perform well in the mainstream domain. That being said, Ethereum (ETH) in particular is showing signs of resurgence, which may help the token soar towards the ambitious $4000 mark. Will Ethereum reclaim its former glory before the currency cycle ends? Let’s find out.

Also Read: Exclusive: Bitcoin to Reach $139,000, Ethereum $4,000 in a Few Weeks

Bitcoin, Ethereum, and Cardano Labeled As Mature Blockchains By The US

Three coin stacks aiming to breach past 200%
Image Source: Watcher Guru

The recently introduced CLARITY Act has recognized three blockchains as “mature” chains, with the list including Bitcoin, Ethereum, and Cardano. These chains have been called mature based on decentralization and token distribution elements, inviting an influx of frenzy towards the tokens.

Among all this, Ethereum in particular is once again gaining mainstream attention. The token has gained momentum as Bitcoin surged to $120K as positive crypto momentum sweeps the market as of late. The three crypto bills have now been greenlighted by the US, ushering in a bullish price momentum in the market. ETH is also gaining traction due to BlackRock’s recent ETH purchase, which led the token to spike in the process.

Moreover, Ethereum is also predicted to surge higher, possibly breaching the coveted $4K mark in the process.

What Is This $4K Analysis All About?

As the US officially recognized ETH as one of the leading mature blockchains, the token has now started to show hyper-price activity. Per Ted Pillows, the token is now in the process of repeating its 2016-17 cycle. This dveelopment may end up helping the token in soaring higher than the $4000 price level.

“History doesn’t repeat itself, but it often rhymes. $ETH is following the same path as the 2016-17 cycle. Just the breakout above $4,000 and you’ll see an even bigger rally.”

At the same time, ETH accumulation is also on the rise as key US players and institutions have started to explore the token proactively.

Also Read: Bitcoin Tops 309K New Wallets a Day, Ethereum Follows, XRP Lags

Read the article at Watcher.Guru

Read More

Ethereum will be a larger asset than Bitcoin – EY blockchain lead

Ethereum will be a larger asset than Bitcoin – EY blockchain lead

Option traders expected a rapid ETH surge above $4K by the end of July.
Will Bitcoin Impede Or Support Altcoin Rally? On-Chain Data Signals Market Uncertainty

Will Bitcoin Impede Or Support Altcoin Rally? On-Chain Data Signals Market Uncertainty

According to an on-chain analyst on X, Bitcoin has decoupled from other cryptocurrenc...

US Gov: ETH, BTC, ADA Are “Mature”—Ethereum to Rally $4K?

US Gov: ETH, BTC, ADA Are “Mature”—Ethereum to Rally $4K?

The US government has officially recognized three blockchains, including Bitcoin, Ethereum, and Cardano, as “mature blockchains.” This has led the world to witness a notable spike in the tokens related to these blockchains, followed by a visible heightened market activity as altcoins continue to perform well in the mainstream domain. That being said, Ethereum (ETH) in particular is showing signs of resurgence, which may help the token soar towards the ambitious $4000 mark. Will Ethereum reclaim its former glory before the currency cycle ends? Let’s find out.

Also Read: Exclusive: Bitcoin to Reach $139,000, Ethereum $4,000 in a Few Weeks

Bitcoin, Ethereum, and Cardano Labeled As Mature Blockchains By The US

Three coin stacks aiming to breach past 200%
Image Source: Watcher Guru

The recently introduced CLARITY Act has recognized three blockchains as “mature” chains, with the list including Bitcoin, Ethereum, and Cardano. These chains have been called mature based on decentralization and token distribution elements, inviting an influx of frenzy towards the tokens.

Among all this, Ethereum in particular is once again gaining mainstream attention. The token has gained momentum as Bitcoin surged to $120K as positive crypto momentum sweeps the market as of late. The three crypto bills have now been greenlighted by the US, ushering in a bullish price momentum in the market. ETH is also gaining traction due to BlackRock’s recent ETH purchase, which led the token to spike in the process.

Moreover, Ethereum is also predicted to surge higher, possibly breaching the coveted $4K mark in the process.

What Is This $4K Analysis All About?

As the US officially recognized ETH as one of the leading mature blockchains, the token has now started to show hyper-price activity. Per Ted Pillows, the token is now in the process of repeating its 2016-17 cycle. This dveelopment may end up helping the token in soaring higher than the $4000 price level.

“History doesn’t repeat itself, but it often rhymes. $ETH is following the same path as the 2016-17 cycle. Just the breakout above $4,000 and you’ll see an even bigger rally.”

At the same time, ETH accumulation is also on the rise as key US players and institutions have started to explore the token proactively.

Also Read: Bitcoin Tops 309K New Wallets a Day, Ethereum Follows, XRP Lags

Read the article at Watcher.Guru

Read More

Ethereum will be a larger asset than Bitcoin – EY blockchain lead

Ethereum will be a larger asset than Bitcoin – EY blockchain lead

Option traders expected a rapid ETH surge above $4K by the end of July.
Will Bitcoin Impede Or Support Altcoin Rally? On-Chain Data Signals Market Uncertainty

Will Bitcoin Impede Or Support Altcoin Rally? On-Chain Data Signals Market Uncertainty

According to an on-chain analyst on X, Bitcoin has decoupled from other cryptocurrenc...