Crypto Market News #Ethereum Price Prediction as ETH Pumps 15% From Recent Crash – Here’s Where It’s Headed Next Crypto #Usa #Miami #Nyc #TipTopCoin MORE👇

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The ethereum price has risen by 1% in the past 24 hours, with its current level of $1,269 marking a 15.8% rebound since reaching a five-month low of $1,095.18 on Thursday. This low came amid fallout from the FTX collapse, which continues to threaten the market with the possibility of contagion.

The ETH price is now 72% down in the past 12 months, marking its worse year since 2018, when it plunged by over 90%. And while Ethereum has seen important upgrades and development in the past few months, these won’t be enough to overcome ongoing investor negativity, especially with macroeconomic conditions remaining poor.

Ethereum Price Prediction as ETH Pumps 15% From Recent Crash – Here’s Where It’s Headed Next

At the moment, Ethereum’s chart shows a coin at the beginning of a possible recovery. Its relative strength index (purple) has jumped up from 30 a few days ago, and appears to be on its way to 50, marking a reclaiming of some momentum.

ETH’s 30-day moving average (red) also shows a possible regaining of momentum, given that it’s nearing its 200-day average (blue) again. In purely technical/chartist terms, ETH should indeed enjoy a recovery rally soon, with the coin being undervalued relative to recent levels.

Of course, the market remains in a highly uncertain and unsettled state. While the immediate, direct damage from the FTX collapse and bankruptcy has probably been done, there’s a very good chance that other companies could struggle in the coming weeks, particularly those in which FTX or Alameda Research invested.

Indeed, the industry is well aware of the contagion threat it faces, with numerous exchanges making every public effort to assure their customers and investors that their respective finances are stable. For instance, Binance CEO Changpeng Zhao yesterday announced the creation of an industry recover fund, which would presumably pool resources to be used in the event of a significant firm facing a liquidity crisis.

Given the sheer size of FTX and Alameda Research, it remains debatable at this stage as to whether such efforts will be enough to precent all possible contagion effects. As such, investors need to be wary that ETH (as well as other cryptocurrencies) could experience further falls in the coming weeks and months.

Interestingly, the possibility of further falls has been underlined by none other than Ethereum co-founder Vitalik Buterin, who apparently sold off around 3,000 ETH (worth about $3.75 million) on November 12, following confirmation of FTX’s bankruptcy. That the wallet in question was Buterin’s has been disputed by developers who know him, yet the offloading of large quantities of ETH underlines the fact that whales suspect ongoing falls.

Commentators have also suggested that the spectacular demise of FTX will force regulators into subjecting the surviving ecosystem to greater scrutiny. This includes Ethereum, which some argue has made enforcement action against likelier by switching to proof-of-stake.

Despite these concerns, ETH continues to be one of the most fundamentally strong coins in the market. It famously — and successfully — completed a transition to a proof-of-stake consensus mechanism in mid-September, while it’s comfortably the biggest layer-one blockchain in terms of total value locked in.

On top of this, ETH appears to have become deflationary since the aforementioned Merge, with fewer new coins being issued and more coins being burned. Ironically, the collapse of FTX has helped to make the coin even more deflationary, since holders have been withdrawing their ETH from exchanges, resulting in a greater number of transactions and, by extension, more burning.

This would suggest that, once the global economy and cryptocurrency market recovers, ETH is in a very strong position to enjoy some big gains. These likely won’t come this year, but with US inflation easing and Ukraine making progress in its conflict with Russia, there are some tentative signs that the global economy may be slowly turning a corner.

Shorter Term Gains

While a future ETH rally is likely a few months away, there are some coins that have the potential to post good gains for their investors in the nearer future. These are coins which are currently going through their respective presales, and while not every new coin is promising, the three below all have strong fundamentals.

It’s worth pointing out that, despite the problems of the past year, some new coins have had very strong presales and listings. Most notably, Tamadoge (TAMA) recorded gains of 1,800% at one point (relative to its presale price) in October, after it listed on OKX.

This underlines the potential of new coins. And while the below offer no guarantee of replicating the success of TAMA, they nonetheless offer good fundamentals.

Dash 2 Trade (D2T)

Running on the Ethereum blockchain, Dash 2 Trade is a trading intelligence platform that will provide investors with a wide range of real-time analytics and social trading data, helping them to make more informed decisions. Due to launch in Q1 2023, the sale for its native D2T token has already raised over $6 million, while it has also announced listings on BitMart and LBANK Exchange for early next year.

Visit Dash 2 Trade Now

RobotEra (TARO)

Also based on Ethereum, RobotEra (TARO) is a Sandbox-like Metaverse that will enable gamers to play as robots and participate in the creation of its virtual world. Scheduled to release its alpha version by spring 2023, its ecosystem will see users creating their own NFT-based land, buildings, and other in-game items.

Investors can participate in the sale of its TARO token by heading over to its website, where 1 TARO is now going for 0.020 USDT (it can be bought using either USDT or ETH). This price will increase to $0.025 in the second stage of its presale, which is due to begin soon.

Visit RobotEra Now

IMPT (IMPT)

Rounding off this threesome of new Ethereum-based platforms, IMPT is a carbon credit marketplace where consumers can earn tokenized carbon offsets for shopping with green-friendly retailers. Such NFT-based credits can be traded on IMPT’s marketplace, while they can also be retired, helping users to build an IMPT.io score that tracks that their carbon impact.

So far, IMPT’s presale has raised over $12.7 million since beginning at the start of October, with 1 IMPT going for $0.023.

Visit IMPT Now





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Name Price24H (%)
Bitcoin (BTC)
$16,577.63
0.12%
Ethereum (ETH)
$1,198.87
2.33%
Tether (USDT)
$1.00
-0.02%
BNB (BNB)
$299.55
0.63%
USD Coin (USDC)
$1.00
-0.07%
Binance USD (BUSD)
$1.00
-0.25%
XRP (XRP)
$0.402965
5.38%
Dogecoin (DOGE)
$0.081538
-0.14%
Cardano (ADA)
$0.316084
-0.91%
Polygon (MATIC)
$0.85
-0.42%
Polkadot (DOT)
$5.38
-0.65%
Litecoin (LTC)
$78.17
-0.62%
Lido Staked Ether (STETH)
$1,172.78
1.72%
Shiba Inu (SHIB)
$0.000009
0.12%
OKB (OKB)
$21.10
-1.35%
Dai (DAI)
$1.00
-0.16%
Solana (SOL)
$14.35
0.64%
TRON (TRX)
$0.053179
3.60%
Uniswap (UNI)
$5.43
-1.52%
LEO Token (LEO)
$4.21
-0.34%
Avalanche (AVAX)
$12.93
1.36%
Wrapped Bitcoin (WBTC)
$16,443.37
-0.26%
Cosmos Hub (ATOM)
$10.09
2.53%
Ethereum Classic (ETC)
$20.20
1.91%
The Open Network (TON)
$1.74
-0.49%
Monero (XMR)
$136.84
1.80%
Stellar (XLM)
$0.089703
1.51%
Bitcoin Cash (BCH)
$117.32
1.85%
Algorand (ALGO)
$0.243431
-1.05%
Cronos (CRO)
$0.065876
-1.98%
Quant (QNT)
$114.03
1.75%
Filecoin (FIL)
$4.37
-1.73%
VeChain (VET)
$0.019032
1.08%
NEAR Protocol (NEAR)
$1.64
-0.63%
Hedera (HBAR)
$0.049493
2.26%
ApeCoin (APE)
$3.34
-2.78%
Flow (FLOW)
$1.15
-1.19%
Frax (FRAX)
$1.00
0.01%
Internet Computer (ICP)
$3.87
-1.24%
MultiversX (Elrond) (EGLD)
$42.83
2.40%
EOS (EOS)
$0.91
1.41%
Terra Luna Classic (LUNC)
$0.000162
-1.06%
Chiliz (CHZ)
$0.178230
-2.53%
Tezos (XTZ)
$1.01
0.98%
Pax Dollar (USDP)
$1.00
-0.20%
Trust Wallet (TWT)
$2.16
1.90%
Chain (XCN)
$0.041876
-1.29%
Theta Network (THETA)
$0.89
1.63%
The Sandbox (SAND)
$0.56
-1.06%

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