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Opinion: Ethereum Developer Ecosystem is Similar to the iPhone Platform, Price Could Rise to $8,000 to $10,000
BlockBeats News, August 22nd, Amberdata's Director of Derivatives, Greg Magadini, stated that Bitcoin is now like a digital gold and risk asset hybrid. Against the backdrop of a rising stock market and the Fed facing pressure to cut interest rates, this asset is being driven by two simultaneous emotions. Despite some calling Ethereum a dated technology, Ethereum has a developer ecosystem, similar to the iPhone platform, that allows developers to build applications directly on its infrastructure.
These network effects will only continue to accumulate, so it is expected that the Ethereum price will continue to follow Bitcoin's rise, potentially reaching the range of $8000 to $10000. (Decrypt)
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Analysis: Focus on the $99,000 historical price equilibrium line, which has not been able to rise above after previous bull/bear conversions.
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