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Crypto YouTuber Predicts Ethereum Will Make Millionaires in 2024
According to CryptoPotato, crypto YouTuber Lark Davis recently stated that Ethereum is likely to make many new millionaires in 2024. However, he added that those who have already purchased a significant amount of ETH at lower prices and staked it will benefit the most in the upcoming bull market. For those entering the market now, with Ethereum trading above $2,000, significant returns may be harder to achieve unless they have a large amount to invest. Davis believes that the most significant gains will come from trading Ethereum layer-2 assets.
Davis highlighted several current and upcoming layer-2 listings, including zkSync, Starknet, Linea, Scroll, Blast, Manta, and Celestia. He noted that new listings can generate profits, particularly in the short term, as newly launched tokens often exhibit pump-and-dump patterns. However, some tokens have begun to trend upwards soon after being listed on larger exchanges. For Ethereum hodlers, 2024 could still be a profitable year. Davis compared gains for ETH from previous cycles and predicted a potential bull cycle in 2024 and 2025. If Ethereum achieves similar gains to its last cycle high, or even slightly less, it could reach around $15,000 per coin, based on a hypothetical 200% gain from its previous high of $4,880 in November 2021.
At the time of writing, ETH prices have dropped 2% to $2,223, with a 6.8% decline from its 2023 high of $2,385 on December 9. There is solid support at the $2,150 area, where it could be heading next as markets continue to cool. Despite recent lackluster performance, Ethereum remains fundamentally strong, and there is little doubt that the asset will perform well in the next bull cycle.
Davis highlighted several current and upcoming layer-2 listings, including zkSync, Starknet, Linea, Scroll, Blast, Manta, and Celestia. He noted that new listings can generate profits, particularly in the short term, as newly launched tokens often exhibit pump-and-dump patterns. However, some tokens have begun to trend upwards soon after being listed on larger exchanges. For Ethereum hodlers, 2024 could still be a profitable year. Davis compared gains for ETH from previous cycles and predicted a potential bull cycle in 2024 and 2025. If Ethereum achieves similar gains to its last cycle high, or even slightly less, it could reach around $15,000 per coin, based on a hypothetical 200% gain from its previous high of $4,880 in November 2021.
At the time of writing, ETH prices have dropped 2% to $2,223, with a 6.8% decline from its 2023 high of $2,385 on December 9. There is solid support at the $2,150 area, where it could be heading next as markets continue to cool. Despite recent lackluster performance, Ethereum remains fundamentally strong, and there is little doubt that the asset will perform well in the next bull cycle.
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3 cryptocurrencies under $1 to buy next week
The cryptocurrency market holds an abundance of opportunities. While the focus commonly centers on major cryptos like Bitcoin (BTC) and Ethereum (ETH), undiscovered gems are trading below the $1 threshold.
▪︎Dogecoin (DOGE)
DOGE encounters a significant obstacle at $0.087 on the weekly chart. This pivotal level is identified by the convergence of the 0.786 Fibonacci level and the 100-week and 200-week exponential moving averages (EMA). Overcoming this obstacle can propel DOGE to almost double its price, targeting $0.14, per insights shared by the crypto analyst Ali Martinez on X November 28.
▪︎Cardano (ADA)
With the observation of the 4-hour chart, the 100-EMA serves as a rebound zone for ADA, while the $0.396 level poses a strong resistance. The TD Sequential indicates a buy signal in this timeframe near the 100-EMA, suggesting another rebound. Nevertheless, it’s crucial to monitor a 4-hour candlestick closure either above the $0.396 resistance or below the 100-EMA to validate the direction of the ADA trend, as per a post by crypto analyst Martinez on November 27.
▪︎Hedera (HBAR)
Utilizing Hedera’s DLT and the open-source Guardian platform, the project automates the issuance and redemption of Renewable Energy Certificates (RECs), signaling a move toward a more efficient and transparent renewable energy market. This milestone underscores the support for Hedera from diverse industries and companies worldwide.
At the time of writing, this asset was trading at $0.06, which showcases a gain of 0.29% over the past 24 hours while losing -2.74% in its value over the past 7 days, contrary to the gains made on the monthly range, which added 17.28% to its value.
#Doge🦊 #cardano #hedera #priceprediction #BinanceSquare
$DOGE $ADA $HBAR
The cryptocurrency market holds an abundance of opportunities. While the focus commonly centers on major cryptos like Bitcoin (BTC) and Ethereum (ETH), undiscovered gems are trading below the $1 threshold.
▪︎Dogecoin (DOGE)
DOGE encounters a significant obstacle at $0.087 on the weekly chart. This pivotal level is identified by the convergence of the 0.786 Fibonacci level and the 100-week and 200-week exponential moving averages (EMA). Overcoming this obstacle can propel DOGE to almost double its price, targeting $0.14, per insights shared by the crypto analyst Ali Martinez on X November 28.
▪︎Cardano (ADA)
With the observation of the 4-hour chart, the 100-EMA serves as a rebound zone for ADA, while the $0.396 level poses a strong resistance. The TD Sequential indicates a buy signal in this timeframe near the 100-EMA, suggesting another rebound. Nevertheless, it’s crucial to monitor a 4-hour candlestick closure either above the $0.396 resistance or below the 100-EMA to validate the direction of the ADA trend, as per a post by crypto analyst Martinez on November 27.
▪︎Hedera (HBAR)
Utilizing Hedera’s DLT and the open-source Guardian platform, the project automates the issuance and redemption of Renewable Energy Certificates (RECs), signaling a move toward a more efficient and transparent renewable energy market. This milestone underscores the support for Hedera from diverse industries and companies worldwide.
At the time of writing, this asset was trading at $0.06, which showcases a gain of 0.29% over the past 24 hours while losing -2.74% in its value over the past 7 days, contrary to the gains made on the monthly range, which added 17.28% to its value.
#Doge🦊 #cardano #hedera #priceprediction #BinanceSquare
$DOGE $ADA $HBAR
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