JPMorgan Strategist Calculates — ETH Price Will Drop to $1.5K By
© Reuters. JPMorgan Strategist Calculates — ETH Price Will Drop to $1.5K
- is not very unique anymore.
- There is growing competition involving ‘Ethereum Killers’.
- JPMorgan (NYSE:) Strategist estimates Ethereum price will drop 55% reaching $1,500
Few cryptocurrencies such as , Solana, and Avalanche are evolving in the crypto market as ‘Ethereum Killer’. Moreover, this is because ETH is not unique, as there is growing competition involved by other altcoins.
Amid competition from ‘Ethereum Killer’, JPMorgan’s Managing Director Nikolaos Panigirtzoglou estimates Ethereum price will drop 55% reaching $1,500. In fact, the Ethereum (ETH) price reached $911.20, an all-time high price in May. This is because of the increased user’s interest in Ethereum.
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