Crypto analyst Lark Davis predicts that the price of Ethereum will skyrocket to $15,000 by 2024. Get all the latest details!

Article Title: Ethereum Predicted to Reach $15,000 in the Next Bull Cycle: Analyst

Cryptocurrency analyst Lark Davis has made a bold prediction that Ethereum will soar to $15,000 per coin during the upcoming bull cycle of 2024-2025. While Ethereum’s performance has been relatively subdued this year, Davis believes that a significant upswing is on the horizon, offering potential gains for investors.

In a recent video, Davis explained that this surge wouldn’t be triggered by buying, selling, or staking Ethereum, but rather through Ethereum layer-2 assets. He discussed the current and upcoming layer-2 listings, including zkSync, Starknet, Linea, Scroll, Blast, Manta, and Celestia, emphasizing the potential for short-term profits associated with these listings.

However, Davis did offer a word of caution for those considering investing in Ethereum in 2024. He highlighted the historical pump-and-dump patterns often observed in newly listed tokens. While some tokens gain significant traction after being listed on major exchanges, Davis noted that Ethereum’s outlook depends on its ability to replicate or slightly surpass its previous cycle’s highs, which reached around $4,800 in November 2021.

Ethereum’s Volatile Journey

After reaching an all-time high, Ethereum experienced an 81% decline during the bear cycle, dropping to its lowest point of $880 on June 18, 2022. Since then, it has been on a recovery trajectory, showing an overall upward trend throughout 2023. As of now, Ethereum is valued at $2,367, signaling its steady climb back.

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Despite this positive trend, Davis cautioned potential investors that significant gains may require substantial investments at the current Ethereum price. So, careful consideration is required before jumping into the market.

Is SOL the Future Contender?

While Ethereum holds promise, another cryptocurrency, SOL, native to the Solana blockchain protocol, has been gaining traction. SOL recently surged over $118, reaching its highest value in eighteen months. As of December 27, SOL’s price stood at $108.59.

This exceptional upsurge coincided with a rise in gas fees on the Ethereum network, with transaction costs briefly spiking above $10. Seeking alternatives with lower transaction costs, users turned to Solana. Messari’s December 14 report further highlighted a staggering 400% increase in active addresses on Solana in the last three months, compared to Ethereum’s 3%.

Solana’s appeal stems from its consistently low fees, which average less than $0.01 per transaction, according to CoinCodex. The platform has also seen positive fund inflows, surpassing even Bitcoin and Ethereum. In the week ending December 16, Solana-based investment funds attracted $10.6 million, while inflows for December alone reached $14.1 million. These impressive numbers hint at Solana’s potential as a superior asset in the upcoming bull run next year.

The Future of Ethereum and Solana

The crypto community now faces a critical question: Is Solana’s rapid rise a momentary occurrence, or does it mark the beginning of a new era of market dominance? The answer lies in a complex interplay of market trends, investor sentiment, and the evolution of the cryptocurrency landscape.

One thing is for sure: both Ethereum and Solana present unique opportunities for investors. As the crypto market continues to evolve, it’s crucial to stay informed and keep an eye on the latest developments. So, buckle up and get ready for an exciting ride in the world of cryptocurrencies!

Q&A

Q: What is the basis for Lark Davis’ prediction of Ethereum reaching $15,000?

Lark Davis believes that Ethereum’s surge to $15,000 per coin will be driven by Ethereum layer-2 assets, not through conventional buying, selling, or staking. He highlights upcoming layer-2 listings, such as zkSync, Starknet, Linea, Scroll, Blast, Manta, and Celestia, which he believes hold significant potential for short-term profits.

Q: Will Ethereum’s growth in 2024 surpass its previous cycle’s highs?

To replicate or slightly surpass its previous cycle’s highs, Ethereum would need to reach around $4,800, which it achieved in November 2021. Lark Davis suggests that, historically, Ethereum’s growth has been influenced by pump-and-dump patterns observed in newly listed tokens. It remains to be seen if Ethereum can break this pattern and continue its ascent.

Q: What challenges did Ethereum face during the bear cycle, and how has it recovered since then?

During the bear cycle, Ethereum experienced an 81% decline, with its price hitting a low of $880 on June 18, 2022. However, it has steadily recovered since then, showing an upward trend throughout 2023, with its price reaching $2,367 at present.

Q: Why has Solana seen a surge in its value?

Solana’s recent surge can be attributed to the rise in gas fees within the Ethereum ecosystem. With transaction costs briefly surpassing $10 on Ethereum, users sought alternatives with lower transaction costs, and many turned to Solana. Additionally, Solana’s consistently low fees, averaging less than $0.01, make it an attractive option for users.

Q: How does Solana compare to Ethereum in terms of fund inflows?

Solana has seen remarkable fund inflows, surpassing even major assets like Bitcoin and Ethereum. In the week ending December 16, Solana-based investment funds attracted $10.6 million. In December alone, Solana funds saw inflows of $14.1 million, making it the highest in the cryptocurrency sector.

References:

• Lark Davis’ Twitter
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Don’t miss out on the latest crypto predictions! 🚀 Ethereum, the second-largest cryptocurrency, is expected to skyrocket to $15,000 per coin in the upcoming bull cycle of 2024-2025, according to renowned cryptocurrency analyst Lark Davis. Despite its relatively subdued performance this year, Davis believes Ethereum’s outlook is poised for a significant upswing, potentially yielding substantial gains for investors.

But how can Ethereum reach such staggering heights? Davis suggests that the surge won’t be driven by the traditional trading, buying, or staking of Ethereum itself. Instead, he emphasizes the influence of Ethereum layer-2 assets. He dives into the current and upcoming layer-2 listings, including zkSync, Starknet, Linea, Scroll, Blast, Manta, and Celestia, highlighting their potential for short-term profitability. So, keep an eye on these listings as they could offer exciting investment opportunities!

However, Davis also issues a word of caution for those considering Ethereum investments in 2024. He draws attention to the historical pump-and-dump patterns associated with newly listed tokens, highlighting the need for Ethereum to replicate or slightly surpass its previous cycle’s highs, which reached around $4,800 in November 2021. It remains to be seen if Ethereum can break free from this pattern and continue its upward trajectory.

But what about Ethereum’s journey so far? After reaching an all-time high, Ethereum experienced an 81% decline during the bear cycle, hitting its lowest point of $880 on June 18, 2022. However, it has since been on a recovery path, showing an overall upward trend throughout 2023. Currently valued at $2,367, Ethereum has come a long way and continues to attract attention.

While Ethereum holds promise, another cryptocurrency, SOL, native to the Solana blockchain protocol, has been making waves. SOL recently surged past $118, marking its highest value in eighteen months. And it’s not just about SOL’s value; the rise in gas fees within the Ethereum ecosystem has led users to explore alternatives with lower transaction costs. This, coupled with Solana’s consistently low fees averaging less than $0.01 per transaction (a boon for users), has propelled Solana forward. In the last three months alone, active addresses on Solana have seen a staggering 400% increase, compared to Ethereum’s modest 3%.

As a testament to its growing popularity, Solana-based investment funds attracted an impressive $10.6 million in the week ending December 16, surpassing inflows into major assets like Bitcoin and Ethereum. In December alone, Solana funds observed inflows of $14.1 million, marking an all-time high in the cryptocurrency sector. Could SOL be the better asset for the next bull run? Only time will tell, but its performance is definitely something to watch.

So, is the rise in Solana’s value ephemeral or indicative of a new era? That’s a question that rests on a complex interplay of market trends, investor sentiment, and the ever-evolving cryptocurrency landscape. Both Ethereum and Solana offer unique opportunities for investors, and staying informed is key.

🔍 Make sure to check out these references for more insights and information:

• Lark Davis’ Twitter
• South Korea Takes Major Step Towards Cryptocurrency Transparency
• Bitcoin Price to Retract to $36K Before Uptrend Resumes: QCP Capital
• Solana Meme Coins: A Guide to Buying, Trading, and Profiting from SOL Investments
• Users Report Getting DMCA Notices for Downloading Leaked Wolverine Build
• Aquaman 2 Box Office Debut: Worse Start Than Two Recent Superhero Bombs
• Dogecoin Whale Moves 71 Million DOGE on Robinhood, What Does It Mean for the Price?

Now is the time to be crypto-savvy! 💪 Stay informed about the latest trends and developments, and remember to share this article with your fellow crypto enthusiasts. Let’s navigate the exciting world of cryptocurrencies together! 🌍🚀

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