As the dynamics of the altcoin market are constantly changing, many investors and strategists are trying to predict potential future gains. In this context, Pentoshi, a widely followed crypto strategist, has an impressive bullish prediction for Metis (METIS), which is integrated into the Ethereum (ETH) ecosystem. Pentoshi believes METIS could rise more than 141% of its current value and advises investors to watch carefully.
Pentoshi made in the statements He predicted a remarkable price increase for METIS. The strategist believes METIS could more than double in value. The analyst points out that this increase in value may occur in the upcoming first quarter and emphasizes that there are strong foundations for METIS’ future success.
“METIS: If it drops, $48-$56 is a good entry (I think). I come from lower levels (whatever that may be). “The narrative for the first quarter is heating up with a lot of good fundamentals coming up.”
Pentoshi also previously predicted that leading altcoin ETH could rise more than 50% from its current value in 2024 due to a catalyst.
Recently, asset management firms have filed an application with the US Securities and Exchange Commission (SEC), which is considered a promising development for spot-based Ethereum ETFs. In particular, the demand in this area from leading companies such as BlackRock, Fidelity and Hashdex is seen as an important factor that can support the future rise of Ethereum.
If Ethereum ETFs are approved, this is expected to increase Ethereum’s market value. Pentoshi believes that the focus may soon shift to the possibility of ETH ETFs, triggering bullish momentum and ultimately ETH surging above the $3,400 level.
However, Pentoshi’s views are based on the analyst’s own strategy and it is difficult to predict future market movements with certainty. Investors can try to evaluate the potential upside of METIS and ETH by following Pentoshi’s predictions and closely monitoring market trends.
You can follow the current price movement here.