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A well-known analyst has predicted that during the bull market, the cryptocurrency Ethereum (ETH) will grow by 125% from current levels. The anonymous InvestAnswers host told his 494,000 subscribers on YouTube.
As the expert explained, he uses the «layer-in, layer-out» model to determine potential price targets for the main asset of the leading smart contract platform. The layer-in, layer-out model is based on various factors such as trend analysis, volatility, and market behavior.
«I believe that Ethereum can achieve significant growth. And according to our layer-out model, it will be $ 8000,» InvestAnswers suggested.
While the anonymous analyst predicts new all-time highs for Ethereum, he says ETH makes up only 0.6% of his portfolio because he believes other cryptocurrencies will outperform ETH. One of the altcoins that the expert draws attention to is Ethereum’s competitor, Solana (SOL).
As a reminder, on Monday, March 18, Solana’s cryptocurrency soared by almost 10% and exceeded $ 200. According to cryptocurrency analyst Colin Wu, at the moment when the Solana (SOL) cryptocurrency rate reached a new record high, the popularity of the Solana query on Google Trends reached 100. This is a record high in the 5-year history of the crypto asset.