Ethereum News Daily TheBitTimes.com

Cryptocurrency experts have lowered their predictions for Ethereum (ETH), over the next few years , according to a new survey from Finder. The survey asked 31 industry specialists for their ether price forecasts for the end of 2023, 2025 and 2030. The average predictions were down compared to a previous Finder survey conducted in July 2022. The panel predicted Ether will be worth $1,840 on average by the end of 2023, down from a prediction of $2,451 in July. The 2025 forecast fell to $5,824 from $5,845 previously, and the 2030 prediction declined to $14,411 versus $16,414 in the earlier survey. Finder calculates the average forecasts by removing the top and bottom 10% of responses and taking the mean of the rest, a technique known as the truncated mean. This is designed to eliminate outliers and arrive at a more consistent consensus. You might also like: Investor optimism fuels meme coins growth: predictions and market analysis While still bullish long term, some panelis...

After first setting its 2023-year-end BTC price target at $45,000 in early 2023, Matrixport has reiterated its bold Bitcoin prediction. Matrixport, a cryptocurrency trading firm founded by Bitmain co-founder Wu Jihan, has double d down on its prediction that Bitcoin (BTC) will hit $45,000 by the end of 2023. After first setting its 2023-year-end BTC price target at $45,000 in early 2023, Matrixport reiterated its bold Bitcoin prediction in a blog post on Oct. 24. Titled “Bitcoin Targets $45,000 — FOMO Is Hitting the Market,” the blog post provides a brief Analysis of Matrixport’s previous market forecasts, noting that the firm successfully predicted several market events. Matrixport specifically cited its “October Ignites a Bitcoin Boom: Institutions Fueling the Price Surge” report from September 2023, which has so far successfully predicted significant action on the Bitcoin market in October. The firm predicted that October would be a strong month for Bitcoin due to excitement arou...

“Mad Money” host Jim Cramer says he’s bullish on Binance and its BNB token, even as the crypto exchange faces regulatory hurdles and liquidity concerns. Jim Cramer, the American television host renowned for his financial acumen, has taken a bullish stance on Binance and its native cryptocurrency, BNB. Known for his CNBC program “Mad Money,” Cramer’s endorsement comes when the crypto exchange is grappling with regulatory challenges and market turbulence. Jim Cramer just turned bullish on #Binance Is Binance next? pic.twitter.com/OJNKBm9xx5 — Crypto Rover (@rovercrc) September 5, 2023 Jim Cramer’s controversial market influence Jim Cramer is no stranger to controversy, but his sway in financial circles is unquestionable. Whether seen as a financial sage or a high-risk gambler, Cramer has a history of market predictions defying expectations.  In crypto, his predictions have often gone in the other direction. Earlier this year, he cautioned users to ge...

Renowned billionaire investor David Rubenstein reiterates his belief in the long-term viability of Bitcoin, citing the substantial institutional interest. In an interview with Bloomberg Television, Rubenstein highlighted the “enormous interest” in a currency that offers privacy and security against governmental surveillance. Rubenstein, the co-founder of The Carlyle Group, expressed his regret for not entering the Bitcoin (BTC) market earlier. He emphasized that even if authorities discourage individuals from engaging with cryptocurrencies, the inherent desire for private and untraceable transactions remains strong globally. You might also like: Tim Draper believes Bitcoin can reform global commerce The billionaire investor pointed to significant indicators of Bitcoin’s staying power. He also highlighted the intentions of established entities like BlackRock and Fidelity, which have pursued the approval of a spot Bitcoin exchange-traded fund (ETF) through t...