Cryptocurrencies

Ethereum May Surge Sevenfold to $10,500, Fundstrat Global Says

Bitcoin Moving Into 'Speculative Frenzy,' Guggenheim's Minerd Says

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January 20, 2021 at 4:23 AM EST

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Ether, the second-largest cryptocurrency, could climb more than sevenfold to $10,500 after reaching a record this week, according to Fundstrat Global Advisors LLC.

Strategist David Grider’s prediction is based in part on the popularity of the related Ethereum blockchain for so-called decentralized finance applications. Ethereum has also made progress toward a network upgrade would allow it to process a similar number of transactions as Mastercard Inc. and Visa Inc.

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