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Fundstrat strategist predicts ether price rise to $ 10,500

According to the strategist of the analytical company Fundstrat Global Advisors, the price of ether (ETH) may rise to $ 10,500, Bloomberg reports. Fundstrat strategist David Greider’s prediction is based in part on the growing popularity of decentralized finance (DeFi) projects on the Ethereum blockchain. Greider also noted the Ethereum 2.0 update, “which will allow the network to process transactions with Mastercard and Visa bandwidth.” “Ether is a cryptocurrency investment with the best risk / reward ratio,” Greider said on Tuesday January 19 in a note to clients. He added that “blockchain could be the future of cloud computing.” Among the potential risks, the strategist highlighted problems during the network upgrade or the beginning of a bear market for cryptocurrencies. On Tuesday, January 19, the ETH rate exceeded $ 1400, and the Ethereum network surpassed Bitcoin in the number of transactions.

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