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Ethereum ($ETH) supporter and AI enthusiast Adriano Feria came up with an extremely optimistic Ether price forecast. After the backlash from skeptics, he reconsidered the target, increasing it by 100%. His views are aligned with that of major institutional players, recent data says.
Ethereum ($ETH) bull case should get us there: Researcher
Ethereum ($ETH) might reach $50,000 as soon as in the ongoing cryptocurrency market cycle. At the same time, "bullish case" might bring the price of second cryptocurrency to six-digit values, Web3 and AI educator Adriano Feria said on X.
Given all the $ETH hate in the replies to my recent posts, I'm upping Eric's target to $50k. https://t.co/ENVpLFSiSB
— AdrianoFeria.eth 🦇🔊 🛡️ (@AdrianoFeria) July 31, 2024
In a tweet shared with his 14,000 followers, Feria stressed that he is sure about the bright prospects of Ethereum ($ETH) despite the massive wave of hate on Crypto X. Unbelievers will regret their skepticism, the researcher admits:
If you are holding $ETH today, then you are truly the world's elite because $ETH's bull case should get us to $100k. You think this is a joke, but there are real world financial institutions that have come up with bull targets that are close to this. And no, this is not a joke.
Three days ago, he "increased" the prediction of $28,000 per $ETH published by Eric Conner, Ethereum ($ETH) ecosystem veteran and EIP 1559 coauthor.
These super-bullish statements come amid growing disbelief triggered by pale $ETH performance in the short term.
The second-largest cryptocurrency failed to start rocketing amid the spot Ether ETF launch in the United States. By press time, Ethereum ($ETH) is changing hands at $3,311, down almost 6% compared to the local peak set post-ETF launch at July 23.
Insane $BTC, $ETH price predications published every day
As covered by U.Today previously, in February, Feria indicated the rapid increase of $ETH staking popularity based on on-chain data.
In recent days, more and more analysts are sharing unbelievably high predictions for both Bitcoin ($BTC) and Ethereum ($ETH), the two largest cryptos.
For instance, U.S. asset management heavyweight VanEck suggested two scenarios for the $BTC price in the year 2050.
The most bullish one sees $BTC over $52 million per coin, while the $2.9 million mark is treated as a "base" scenario by VanEck.