“Bitcoin, SHIB, Ethereum and Altcoin” Predictions from 3 Experts!

After the approval of the first Bitcoin ETF, we see cryptocurrencies gaining more and more institutional acceptance and more maturity. Then, Dogecoin rival SHIB, which was originally created as a joke, took off. Growth continues in Bitcoin and Ethereum, quietly eroding their peaks. Here are Bitcoin, SHIB, Ethereum and altcoin predictions from 3 experts…

Could Ethereum Blockchain hinder long-term SHIB investments?

SHIB is an ERC-20 token built on the Ethereum Blockchain. This means users have to pay high transaction fees for transfers. It poses a challenge for its long-term use case, according to Dogecoin. Vicky Huang, an Insider reporter, spoke to three experts who explained the obstacles this brought to SHIB…

In the meantime, it should be said that SHIB has made tremendous gains in the short term. One person invested $8,000 in the cryptocurrency where around 0.00000000189 was traded in August 2020, which is said to have earned $5.7 billion. This is a gain of over 7 million percent in 14 months. This trade has been called one of the greatest individual trades of all time. As a point of comparison, Deutsche Bank bond trader Greg Lippmann made nearly $1.5 billion for the firm in 2008 as part of an intricate “big short” bet against the US housing market.

According to Hewie Rattray, “We live in a meme economy”

“We live in a meme economy,” according to Hewie Rattray, a crypto investor who was an early supporter of UK-based crypto companies KR1 and Argo Blockchain. Rattray thinks this is natural and that these things will continue to happen as people continue to gather on the internet. He has even invested in Dogecoin over the years due to its “OG” status and legacy in the crypto community. Rattray says of SHIB:

I just think it’s refreshing when you see something like a shiba inu rise, because you realize it’s not about serious technical stuff. Some are just fun

4th quarter expectations of experts

The cryptocurrency market is not just witnessing the SHIB boom. Ethereum’s native cryptocurrency, Ether, has reached ATH levels above $4,600 this week. Bitcoin, on the other hand, is preparing just below its ATH. This has made me wonder if the crypto market will experience another broad rally in the fourth quarter. Charlie Morris, chief investment officer of cryptocurrency manager ByteTree, highlighted in a recent interview with Insider that there were strong seasonal factors associated with Bitcoin in the fourth quarter. Morris noted:

Whenever Bitcoin gets excited, for whatever reason it tends to be in the fourth quarter. 2018 was phenomenal, but most years the fourth quarter is pretty strong and there’s a pretty strong seasonality around it.

cryptocoin.com Rattray is confident that the market will not return to the long “crypto winter” of 2017/2018, when Bitcoin fell more than 60% from ATH levels. As there is sufficient institutional support in the market, it is now thought that there is a permanent rise in the sector. Rattray estimates these prices for the next 3-6 months:

I’m definitely aiming for $100,000 for Bitcoin and $8,000 to $10,000 for Ethereum in the next three to six months.

This view is in line with several crypto analysts who want Bitcoin to reach $100,000 by the end of this year. This week, Goldman Sachs analysts said they expect the Ethereum price to reach $8,000 in the next two months if it continues to track inflation. Rattray has this to say about these estimates:

I think the industry is in the risk aversion phase now. We’re seeing extreme growth in the next half-decade, and as long as you’re determined and dedicated, I think you can reap the rewards.

Sheftel, on the other hand, thinks that Ethereum now has a huge network impact in the first layer area and any project launched on ETH will be one step ahead. At the same time, investors should keep in mind that other layers of layers may offer better solutions for certain use cases. Sheftel says:

I don’t think it ends ‘winner-take-all’ because of this decentralized distributed nature of the way the whole ecosystem moves.

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