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
Injective Launches On-Chain NVIDIA H100 GPU Rental Rate Marketplace
Data: Institutions Bought Over $4.7 Billion Worth of ETH Last Week
Sky Protocol Spent $1.39 Million Last Week to Buy Back 17.32 Million SKY Tokens
Whale’s $125,000 ETH Long Position Faces Unrealized Loss of Approximately $580,000
Trending news
MoreCrypto prices
More
