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Ethereum News Today: ‘Could ETH Do 100x?’ Questions Tom Lee
In a recent appearance on the “Bankless” podcast, Fundstrat’s Tom Lee sparked curiosity in the cryptocurrency community by suggesting that Ethereum’s upside case could potentially outpace Bitcoin’s. This prediction has raised eyebrows and piqued the interest of many investors who are eager to know what the future holds for this digital asset.
According to Lee, Ethereum’s secure and regulation-friendly architecture makes it an ideal foundation for stablecoins and tokenization, which are critical components of the evolving digital economy. He believes that Ethereum is having its 2017 moment, with Wall Street finally taking tokenization seriously. This shift in narrative could see a significant surge in adoption and value.
Lee’s projection of $6,000 valuation may not be too far-fetched considering the platform’s recent price action. At press time, ETH traded at $3,764.29, up 3.58% in the past 24 hours according to CoinMarketCap data. Moreover, technical indicators such as the RSI and MACD have signaled a strong bullish trend.
However, it is essential for investors to note that any further rally could be short-lived, with some analysts warning of an impending short-term pullback due to the overbought zone on the RSI indicator.
Source: ambcrypto.com
