Over the past month, Ethereum has seen a notable rise of 30%. Even if it seems to have cooled, it might still see additional gains in the coming months. An analyst has reinforced this opinion with his optimistic Ethereum forecast. He claims that ETH might reflect its biggest bull run of 2021. In 2021, ETH's value rose by almost 640%. Could 2024 see a revisit of this amazing bull run, and what would it look like?
Ethereum increased by 640%, starting from $730 in late 2021 to an ATH of $4878 in November 2022. Looking at its present price trend, though, ETH has sparked optimism for reaching new record highs. The 2021 bull run saw Bitcoin breakout after its price discovery phase. After BTC broke out, Ethereum followed suit five weeks later, leading to its all-time high of $3470. In 2024 once again, this pattern is repeating as BTC is in a price discovery phase. BTC’s bullish sentiment extends to ETH making it possible that the latter emulates the former and experiences a bullish run similar to 2021.
Prominent analyst Ben Lily has made a bold prediction for ETH following its recent increases. According to Lily's analysis, Ethereum could replicate the 2021 bull run. According to him, Bitcoin is in its phase of price recovery right now. Thus, ETH might also shortly surge, as in 2021. BTC recently touched $99,000 and now trades at about $93,000.
Therefore, Ethereum may experience a huge comeback if BTC keeps on its upward trend. With 300% gains possible from this price rise, ETH will probably reach $10,000 or more.
While this may seem like a high target, Ethereum is capable of doing it again, and the current bullish market supports this possibility. Right now, the crypto market is bullish because Donald Trump won the election. His victory is an equal victory for the crypto community, which anticipates a positive crypto environment from the crypto-friendly leader. This means a thriving environment for Ethereum, possibly aiding its bull run. The much-anticipated resignation of SEC chairman Gary Gensler can also fuel ETH's price. Ethereum is already riding on its Bitcoin correlation and could soon explode. If Bitcoin's dominance eventually wanes, it could signal the start of the altseason, leading ETH to rally and the altcoin market. This alt season could easily push ETH's value to $10,000. However, Ethereum's price is trading below a crucial resistance. The $3500 mark has been a key zone for whale accumulation. Thus, if ETH breaks past $3,500, investors could go on a buying spree, pushing ETH to rally like in 2021.
Rexas Finance (RXS) is creating much buzz in the crypto world. This platform focuses on turning real-world assets into digital tokens so everyday people can invest in real estate, art, and intellectual property. These real-world assets were once inaccessible to smaller investors because of their high cost, but Rexas Finance has created a doorway to this sector through blockchain technology. Tokenizing RWAs also brings other benefits like global accessibility, transparency, and security. The presale for RXS tokens has been a massive success, rapidly completing seven stages. Stage seven just ended, raising over $16 million so far. With Stage 7 complete, stage 8 has increased the price to $0.10. Early buyers who joined the presale are already set to make a 150% profit when the token price hits $0.20 at launch in early 2025. The presale's momentum and potential for high gains have made investors eager to join before it's too late.
What makes Rexas Finance stand out is its focus on community. Unlike many crypto projects backed by big venture capital, Rexas prioritizes individual investors. This approach has built a loyal and decentralized community, boosting the platform's credibility and appeal. RXS tokens are already listed on CoinMarketCap and CoinGecko, where investors can track their real-time progress. Rexas Finance Certik Audit has also increased investors' confidence. The audit assesses the security level of the project's code. With the Certik Audit successfully completed, Rexas Finance stands out as a viable investment. Analysts predict Rexas Finance might experience phenomenal growth with possible returns of up to 30,000% after its launch. Apart from the price rise, investors can win $50,000 in its ongoing million-dollar giveaway if they are among the 20 lucky winners.
Analyst Ben Lily claims that Ethereum's pricing is reflecting its run in 2021. Hence, ETH might soon reach $10,000. With its momentum, investors' confidence, and high demands, RXS can drive beyond $10 in 2024, making it a highly profitable opportunity in 2024.
For more information about Rexas Finance (RXS) visit the links below:
Website: https://rexas.com
Win $1 Million Giveaway: https://bit.ly/Rexas1M
Whitepaper: https://rexas.com/rexas-whitepaper.pdf
Twitter/X: https://x.com/rexasfinance
Telegram: https://t.me/rexasfinance
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.