The analyst said fundamental factors will fuel the Ethereum boom. A crypto-focused YouTube channel with over 1 million followers is likely predicting a boom in leading altcoin Ethereum (ETH) this weekend. Details cryptocoin.com‘in.
Watch out for these altcoin projects
Altcoin Daily analyst Austin cites two key factors that he says will drive the price of the leading altcoin project even higher. First, Austin notes that major movie studios are entering the non-tradable token (NFT) market, particularly on the Ethereum blockchain: “Big green flag if you’re an ETH hodler (long-term owner). Warner Bros. will release Red Pill NFT avatars for their new movie “The Matrix Resurrections”.” Austin explains a key reason Ethereum is surging in the next 24 hours: “On Friday, over $540 million Ethereum options contracts expire. Fortunately, these contracts support traders with ETH targets at $5,000. The good news is that in this case, the bulls seem to be winning.”
THETA and ENJ are also next
Next, Altcoin Daily provides tangible reasons for owners of decentralized video streaming platform Theta Network (THETA): “Theta Network welcomes Fuse.TV as their newest media partner. How does that affect you, (actress and singer Amara La Negra) now joins the list of other notable celebrities who have chosen Theta. If you own Theta, this is a big news day for you.”
Finally, Austin looks at Enjin Coin (ENJ), the cryptocurrency of the Enjin metaverse. Enjin recently announced a fund that encourages developers to use only the metaverse blockchain, which it believes will help grow the platform. Analyst: “Enjin wants to decentralize its metaversal with its new $100 million fund. The Efinity Metaverse Fund will focus on seed equity investments for projects built on Efinity.”
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Disclaimer: The articles and articles on Kriptokoin.com do not constitute investment advice. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, asset or service in this article.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.