Mechanism Capital Partner: The possibility of ETH returning to 1000-1500 USD this year seems quite high
PANews reported on April 6th that Andrew Kang, a partner at Mechanism Capital, posted on platform X stating that he has not been closely following cryptocurrency in the past few months. However, it seems very likely that ETH will return to $1000-1500 this year. Given the speculative frenzy is clearly over, for an asset with negative growth/profitability, reaching a market value of $215 billion is simply absurd. The bear market argument holds up.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Antalpha’s Q1 Net Income Surges 423% Year-on-Year, Tether Holds 8.1% Stake
Arthur Hayes: The United States Is Heading Toward Treasury Debt Forgiveness
Data: Crypto sector plunges across the board, AI sector leads losses with a 5.32% drop, BTC falls below $105,000
Trending news
MoreCrypto prices
More
