In a recent video, the pseudo-anonymous crypto analyst and influencer “Coin Bureau” (“@coinbureau on Twitter) explained why Ethereum ($ETH) is “so valuable.” Ethereum price could be above $4,000 by the end of July,’ according to Coin Bureau.

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1. Ethereum price could be above $4,000

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Ethereum price could be above $4,000

According to a report by The Daily HODL, he said:

“Ethereum is so exciting. I view it in the same way that those internet pioneers viewed TCP/IP back in the 1990s. However, this time around, we have an opportunity to invest in a protocol that has that much potential… Ethereum is well-positioned to capture the value that’s being built on top of it. And as the fuel that powers the network, ETH is becoming an incredibly rare asset. The more the ecosystem grows, the more demand there is for ETH to power dApps (decentralized apps) and facilitate transactions…

“If the Ethereum developers are able to effectively push EIP 1559 in the London upgrade, then we could easily see Ethereum price could be above $4,000 by the end of July.“

According to TradingView data, Ethereum is currently trading around $2,406.97 (as of 18:40 UTC on April 21), which means it is up 5.26 percent (vs USD) in the last 24 hours. In terms of the year-to-date performance, ETH-USD is up 226.36 percent.

The author’s or anyone else’s views or opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading in crypto assets carries financial risk.

Source : CryptoGlobal