Ether’s Rise to Record Highs May Propel Cryptocurrency to $10.5K: Fundstrat Global – CoinDesk – CoinDesk
Even after setting a new record high of $1,439 on Monday, the rally for Ethereum’s ether cryptocurrency may have only just begun, according to Fundstrat Global Advisors strategist David Grider.
Basing his prediction partly on use cases for Ethereum’s blockchain technology, Grider wrote in a note Tuesday that ether has scope for a rally to $10,500, according to Bloomberg. That’s an over seven-fold rise from the current price of $1,320.
“Ether is the best risk/reward investment play in crypto, Grider…