Sign Up on MEXC
The world’s second-largest cryptocurrency Ethereum (ETH) has been following the Bitcoin price action. As of press time, Ethereum (ETH) is trading 5.46% up at a price of $3,838 and a market cap of $452 billion.
This is for the first time in the last six weeks that the ETH price has crossed $3,800 levels. After consolidating for a while at around $3,300, Ethereum (ETH) is now making a move to $4000 and above.
The world’s second-largest cryptocurrency continues to gain strength when we look at its on-chain fundamentals. The total ETH supply on the exchanges continues to remain on a decline. There’s a massive outflow of ETH from centralized exchanges and into the cold wallets. Furthermore, the total number of ETH in the Ethereum 2.0 deposit contracts has crossed 8 million.
Total value in the ETH 2.0 deposit contract almost at 8 Million ETH. 👀 pic.twitter.com/mNx9DhLBn5
— Documenting Ethereum 🦇🔊 (@DocumentEther) October 11, 2021
Mark Cuban: Ethereum has the “Most Upside”
Speaking to CNBC on Wednesday, October 13, Mark Cuban said that he’s more bullish on the future of Ethereum. When asked which cryptocurrency he would suggest to beginners in the crypto space, Cuban named Ethereum (ETH). “As an investment, I think ethereum has the most upside,” he added.
Cuban further added that Ethereum is closest to a “true currency” and wished that he had bought more of it earlier. The Ethereum ecosystem has witnessed stellar growth amid the strong demand for decentralized finance (DeFi) and NFTs this year.
Recently, speaking to CNBC, real-estate billionaire Barry Sternlicht also showered praises for Ethereu, He said:
Bitcoin is a dumb coin, it has no real purpose other than a store of value, and it’s crazily volatile. So Ether, I own some of that, it’s a programmable Bitcoin and there are tons of other coins that are built on that system.
Institutional inflows in Ethereum (ETH) have been growing consistently since the beginning of 2021. Once the Bitcoin ETF comes to the market, financial players will start applying for Ethereum ETF very soon.
- Pi Network Commences Final Testnet1 Blockchain Upgrade Ahead of Mainnet Transition
- Expert Warns XRP, SOL, DOGE Could Drop 15–20% on FED Rate Cut Signals
- Hyperliquid’s USDH Launch Expected In Coming Days As Native Markets Secures Bid
- Coinbase-Backed Avantis (AVNT) Token Surges Another 80%, Here’s Why
- Peter Schiff Says Bitcoin Topping Out Before Fed Rate Cut
- Bitcoin Price Prediction: Q4 Rally Looms as ETF Inflows Hit $642M—Analyst eyes $150K
- Pepe Coin Price Prediction as the Token Jumps Nearly 20% – Will Whale Accumulation Take it to $0.00003?
- Pi Coin Price Prediction As Adam & Eve Pattern Signals Breakout Rally To $0.45 Ahead
- HBAR Price Prediction Amid DTCC Listing and Archax Expansion — Is $0.50 Next?
- Ethereum Price Eyes a 40% Surge as Morgan Stanley Shifts Fed Cuts Forecast
