Coin Edition -
- Altcoin Daily believes Ethereum can grow ten times in the coming weeks.
- ETH trades at $1540 after shedding about $150 in the past 24 hours.
- The crypto influencer is also bullish on the Ethereum layer two ecosystems.
The crypto market has been red in the past 24 hours. A well-known crypto influencer account on Twitter, Altcoin Daily, took the opportunity of the market condition to announce specific altcoins they would be accumulating in a bear market.
Altcoin Daily’s first pick was Ethereum (ETH), given its strong community and recent positive activities about the blockchain. According to an Alchemy developer report, Ethereum smart contracts deployment grew by 293% in 2022, which implies that development activities have been on the highs on ETH.
Another report suggested that over $4.6 billion worth of ETH tokens have been burned. While ETH trades at $1540 after shedding about $150 in the past 24 hours, Altcoin Daily believes a 10x is possible in the coming weeks putting the above fundamentals into consideration.
Furthermore, the influencer account said they were equally bullish on the Ethereum layer two ecosystems. They placed their bets on ETH L…
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