Fundstrat Global sets Ethereum's new target at seven times of current level
Wed, Jan 20, 2021 4:10 PM

Fundstrat Global sets Ethereum's new target at seven times of current level

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Ether could climb more than sevenfold to $10,500 after reaching a record this week, suggested Fundstrat Global Advisors LLC. Strategist David Grider’s prediction is based on the popularity of the related Ethereum blockchain for so-called decentralized finance applications. Ether rose more than five-fold last year compared with the quadrupling in the price of Bitcoin amid a polarizing crypto boom.

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