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Ethereum Price Prediction As 21Shares Says ETH Is Amazon of The 1990s And This Crypto Casino ICO Heads For $1 Million

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Ethereum Price Prediction As 21Shares Says ETH Is Amazon of The 90s And This Crypto Casino ICO Heads For $1 Million
Ethereum Price Prediction As 21Shares Says ETH Is Amazon of The 90s And This Crypto Casino ICO Heads For $1 Million

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The Ethereum price edged up a fraction of a percent in the last 24 hours to trade at $2,472 as of 03:29 a.m. EST on trading volume that surged 19% to $14.65 billion.

This comes as 21Shares tells CoinTelegraph that Ethereum has the same exponential potential as retail titan Amazon did in the 1990s before it became a $2 trillion colossus.

The fund manager said Ethereum could also surprise investors with new “revolutionary use cases” that have not yet been discovered.

Ethereum Price Aims For A Sustained Rally

The Ethereum price has been trading on an ascending triangle pattern since August, as the bulls encountered resistance within the $2,725 level, according to data from GeckoTerminal.

However, the price still remains below both the 50-day and 200-day Simple Moving Averages (SMAs), with the 50-day SMA acting as the immediate resistance at $2,527.

The Relative Strength Index (RSI) is moving within the neutral zone at 45, which shows that ETH price is currently in equilibrium, with a potential to soar.

If the bulls sustain the bullish trend within the triangle, the price of Ethereum could continue soaring, as the bulls target prices above $3,200 in the long term.

Ethereum Price Chart Analysis Source: GeckoTerminal.com
ETHUSD Chart Analysis Source: GeckoTerminal.com

Conversely, if the price drops below the triangle, the $2,250 acts as the next possible support level.

Meanwhile, investors looking for the crypto GambleFi equivalent of Ethereum might take a look at a new crypto casino project called Memebet Casino (MEMEBET Token).

YouTube channel Cryptonews, with over 10k subscribers, says that $MEMEBET Token could soar 100x after it launches.

Memebet Token Surpasses $563K – Best Crypto To Buy Now?

Memebet Casino is a breakthrough project that is the first platform to allow meme coins to be used for wagering.

The platform features a variety of casino games, meme coin betting options, high-stakes play, and a sportsbook where users can bet using Dogecoin ($DOGE), Shiba Inu ($SHIB), Pepe ($PEPE), Bonk ($BONK) and Floki ($FLOKI). And the team has hinted at a major expansion to the meme coin roster.

By buying MEMEBET Token itself, players can unlock massive P2E airdrop giveaways, special degen rewards, and exclusive VIP benefits. 

Players who wager using $MEMEBET Token earn additional rewards through the platform’s play-to-earn system

To join the presale, you can buy $MEMEBET Token on the official website here for $0.0264 using USDT, ETH, or a bank card. With a price hike coming in less than 4 days, buy soon to lock in the best deal. 

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