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ALISHBA SOZAR
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Bullish
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#ETHEREUM
JUST BROKE $4,400 🚀
$ETH
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ALISHBA SOZAR
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🇸🇦 SAUDI ARABIA IS SECRETLY BUYING BILLIONS WORTH OF #ETHEREUM IF TRUE, THIS WILL BE MASSIVE !!!! $ETH
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Believe in somETHing $ETH
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I’m happy when $BTC pumps. I’m happy when $ETH pumps. I’m happy when $SOL pumps. I’m happy when #memes pump. I’m happy when #shitcoins pump. We all have our own opinions about different tokens, and we can co-exist without shitting on each other. This maxi cult needs to STOP!
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$ETH will hit $10,000 this cycle Here are 3 reasons why: 👇 1. Institutional demand - In Q3, public-listed companies and ETFs have bought 4.4 million ETH worth $20 billion. - Individual whales and Web3 companies have also bought over 2 million ETH this quarter. - This accounts for almost 5.5% of the total supply. 2. Network activity - Weekly DEX volume is at a new all-time high (ATH). - Daily transactions are at a new ATH. - Monthly active users are at a new ATH. - Stablecoin supply is at a new ATH. - This means network demand is going through the roof, so price is likely to do the same. 3. Supply crunch - 30% of ETH supply has been staked. - 8% of supply has been bought by companies and ETFs. - 25% of supply is being held by long-term “diamond hand” holders. - 5% of supply has been lost forever. - Only 12% of supply is now available on exchanges, and it’s decreasing every month. - Annual token inflation is just 0.5%. - This creates a supply crunch even bigger than Bitcoin’s. Now with 401(k) access, upcoming rate cuts, and pro-crypto regulations, the demand for ETH will only go up. Remember, there will be some sharp corrections to make you panic sell — but in the end, ETH will trade above $10,000 this cycle.
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All time high for $ETH just 3% away. Lets go.
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