Bitwise: Increased demand for ETFs will trigger Ethereum’s growth to $ 7000

Leading cryptocurrency provider Bitwise predicts a significant increase in the value of Ethereum ETH $3,905.60 Bridged Ether (StarkGate) 1.32% Market capitalization $0.35 billion VOL. 24 hours $0.84 billion to $ 7,000 due to the growing demand for ETFs and the development of blockchain technologies. Analysts attribute this forecast to the active implementation of second-level blockchains and the increase in the number of stablecoins and tokenized projects.

Last week, the cryptocurrency world was stirred by the news of a transaction by the World Liberty Financial project associated with Donald Trump. The project team converted the USDC stablecoin into Ether, bringing its ETH reserves to more than $ 55 million. Experts believe that this transaction had a positive impact on market sentiment.

Over the past three months, the value of Ethereum has shown an increase of 65%. Even a temporary decline to $ 3,550 on December 10 did not stop investors and triggered a wave of active purchases.

Experts emphasize the favorable prospects of the cryptocurrency. Although it is difficult to predict further growth, there are positive prerequisites. In particular, high online activity and growing institutional demand confirm Ethereum’s potential.

The key driver of optimism is the strengthening of Ethereum’s position as a leading platform for decentralized applications (DApps). Bitwise analysts attribute growth prospects to technological development and the expansion of the cryptocurrency ecosystem.