“Network Activity Remains the Key Driver of Ether’s Value, But Much of the Recent Growth Has Been on Layer-2s, The Report Noted.”, – WRITE: www.coindesk.com
That’s the Base Case Thought. The Bank’s Full Assessment Is Wide Enough To Drive An Army Regiment Through, with The Bull Case Being $ 6.400 and The Bear Case $ 2,200.
The Bank Analysts SAID NETWORK ACTIVITY REMAINS OF OF Ether’s Value, But Much of the Recent Growth Has Been on Layer-2s, WHERE VALUE “PASS-THUGHHHh” to Ethreum’s Basa
Citi Assumes Just 30% of Layer-2 Activity Contributes to Ether’s Valuation, Putting Current Prices Above ITS ACTIVITY-BASED MODEL, LIKELY DUE TO STRONG INDINACECITEMENT.
A Layer 1 Network is the Base Layer, or the underlying infrastructure of a blockchain. Layer 2 Refers to A Set of Off-Chain Systems or Separate Blockchains Built on Top of Layer 1S.
Exchange-Traded Fund (ETF) Flows, Thought Smaller than Bitcoin’s (BTC), Have A Bigger Price Impact per Dollar, But Citi Expects Them to Remain Limited GIner Ether with New Investors.
Macro Factors Are Seen Adding Only Modest Support. With equities already near the Bank’s S&P 500 6.600 Target, The Analysts do not expert major Upside from Risk Assets.
Read More: Ether Bigger Beneficiary of Digital Asset Treasuries Than Bitcoin or Solana: Stanchart
Stellar’s Xlm Token Slid 3% Amid Institutional Selling, But Intrady Valativity Showed Signs of Short-Lived Recovery.
- XLM FELL FROM $ 0.39 to $ 0.38 Over 24 Hours, with Liquidation Pushing Volume Above 101 Million, Nearly Triple Average Levels.
- The $ 0.395 Level Emerged as Firm Resistance, While $ 0.375 Attracted Buying Interest During Heavy Selloffs.
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