Fidelity Digital Assets gave a bullish forecast for ETH in the next 12 months, while a separate survey from CryptoVantage found 47% of investors expect Ether to “surpass” Bitcoin.
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Fidelity Digital Assets gave a bullish forecast for ETH in the next 12 months, while a separate survey from CryptoVantage found 47% of investors expect Ether to “surpass” Bitcoin.
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A classic bearish reversal pattern suggest pain ahead for the ETH/BTC pair despite Ethereum’s milestone Merge event.
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“Ethereum demand is tied more closely to transactions. Therefore, similar scaling constraints hurt Ethereum demand more than they suppress Bitcoin demand,” Morgan Stanley’s report reads.
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Nigel Green is uber bullish on ETH stating that its value will exceed Bitcoin’s within five years.
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Coinbase beat analyst estimates in Q2, after it generated $2.23 billion in revenue compared to estimates of $1.78 billion.
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“If Bitcoin were to catch up to Ethereum’s performance this year, the No. 1 crypto’s price would approach $100,000,” believes Mike McGlone, senior commodity strategist at Bloomberg Intelligence.
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Ethereum, Uniswap, Binance Smart Chain, and Aave are all beating out Bitcoin by daily fee revenue.
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