A prominent crypto investor believes that the second-largest and the seventh-largest cryptocurrencies are set to reach new record highs.
The pseudonymous host of Coin Bureau who goes by “Guy” tells his 820,000 subscribers that Ethereum (ETH) is not finished yet, if Bitcoin’s performance is anything to go by.
“BTC is up nearly 3X from its previously all-time high. So it would not be surprising if ETH pulled a similar move in the next few months. This would bring ETH up to around $4,500 which is a realistic expectation for this bull run in my book.”
The YouTuber adds that the planned improvements to the Ethereum protocol known as EIP 1559 are likely to push the second-largest cryptocurrency’s price even higher once they take effect.
“There’s a chance that ETH could go much higher because of the restrictive effects of EIP 1559 and fee burns would have on supply.
With the right catalyst in place, ETH could easily blow past $10,000.”
In the case of Cardano (ADA), Guy notes that the seventh-largest cryptocurrency by market cap could double its price from its current all-time high based on the business partnerships it has forged in developing countries and the introduction of smart contracts later this year.
“From a percentage standpoint, ADA has seen much larger gains than ETH during this bull market so far. It’s up almost 40X since last spring…
ADA has been consolidating since it hit $1.50 in mid-April this year and if the momentum of the market continues along with the drop in BTC dominance, ADA will be getting its second wind sometime soon…
If everything goes smoothly with the rollout of Cardano smart contracts in the summer, I could see ADA spiking to $3 and possibly higher if Cardano’s other partnerships work out.”