{"id":11635,"date":"2021-09-02T08:18:20","date_gmt":"2021-09-02T08:18:20","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/?p=11635"},"modified":"2021-09-02T08:18:20","modified_gmt":"2021-09-02T08:18:20","slug":"daily-crypto-news-ethereum-to-8k-may-be-far-fetched-but-heres-why-its-very-possible","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/daily-crypto-news-ethereum-to-8k-may-be-far-fetched-but-heres-why-its-very-possible\/","title":{"rendered":"Daily Crypto News- Ethereum to $8k May Be Far-Fetched, but Here\u2019s Why It\u2019s Very Possible"},"content":{"rendered":"

Bitcoin bulls target $50K as Friday\u2019s $655M BTC options expiry approaches<\/h3>\n

$655 million in BTC options expire on Sept. 3, and data suggests bulls may be motivated to break the $50,000 resistance prior to the expiry. Bitcoin (BTC)<\/a> failed to break the critical $50,000 psychological barrier on Aug. 23 and has since then retested the $47,000 support.<\/p>\n

Cryptocurrency Can Help Save Afghanistan, Says Ethereum, Cardano Co-Founder<\/h3>\n

Charles Hoskinson<\/a>, the founder of Cardano and co-founder of Ethereum, believes crypto is poised to “play a larger role in Afghanistan.” Cardano\u2019s founder, Charles Hoskinson, today said in an interview that crypto will help Afghanistan\u2019s citizens. Hoskinson, who also co-founded Ethereum, didn\u2019t explain how but noted that crypto was already \u201cin Afghanistan.\u201d<\/p>\n

Ethereum to $8k may be far-fetched, but here\u2019s why it\u2019s very possible<\/h3>\n

Ethereum\u2019s<\/a> price has seen a series of outrageous pumps over fairly short durations in the past. Between mid-November and mid-January, for instance, the alt\u2019s value managed to appreciate by over 250% from $400 to over $1400. Ethereum to $8k may be far-fetched, but here’s why it’s very possible. A hike of a similar magnitude at this stage would see Ethereum(ETH) trading at around $8750.<\/p>\n

Expanding ecosystem and LedgerX acquisition send FTX Token (FTT) to a new ATH<\/h3>\n

FTT price soared to a new all-time high after the FTX exchange added LedgerX to its ever-expanding list of acquisitions and partnerships. Real-world adoption and brand awareness are one of the best ways for a blockchain project to increase its value and attract new users to its ecosystem.<\/p>\n

Dogecoin Foundation warns of \u201cDogecoin 2.0\u201d crypto project<\/h3>\n

The Dogecoin<\/a> Foundation has issued a warning to investors over \u201cDogecoin 2.0,\u201d which they say has no affiliation with them. \u201cThe Dogecoin Foundation welcomes newcomers to the crypto space but this project has no connection to or relationship with Dogecoin,\u201d it said.<\/p>\n