PANews reported on August 27th that Trend Research, a secondary investment arm of LD Capital, stated in its latest report: "Since ETH entered its current bullish cycle, the market has begun to disseminate data on ETH unstacking with each short-term volatile correction. However, from a supply-demand perspective, the demand generated by institutional consensus currently far outstrips the supply of unstacking, and we believe that a long-term, fully loaded unstacking situation is unsustainable. Since treasury companies such as SharpLink began buying, US-listed ETH holdings have totaled nearly $20 billion, representing 3.39% of the total supply. Bitmine is still 75% away from achieving its goal of holding 5% of the total ETH supply. With the further implementation of crypto-friendly policies and Wall Street's consensus on ETH's long-term value, the ETH "fleet" has only just begun. With the impending interest rate cut cycle, we have raised our long-term ETH target price, believing that ETH's market capitalization will surpass BTC within one to two bull-bear cycles."
Trend Research: ETH market capitalization will surpass BTC in 1-2 bull-bear cycles
Share to:
Author: PA一线
This content is for informational purposes only and does not constitute investment advice.
Follow PANews official accounts, navigate bull and bear markets together
Recommended Reading
