Ethereum Price Prediction – Bulls Could Aim for $3,500

The ETH/USD ended the day at $3,370.48, having reached a high of $3,406.50, and a low of $3,208.47. ETH/USD surged for the second consecutive session, recouping some of its previous losses, as the market sentiment improved.

On Wednesday, the owner of the Dallas Mavericks, Mark Cuban, provided his insight on what he seeks in a digital asset, a blockchain project and a token. The billionaire investor said that he looks for utility when researching crypto investments. He further noted that token trading was the least important part of crypto. According to Cuban, the preferred choices include decentralized platforms that leverage smart contract technology and DAOs.Cuban stated that tokens accrue value from the utility their platform creates, so they can be valued like stocks. He gave an example, saying that ETH/Polygon tokens were needed to transact on those networks, which means one must buy the tokens to leverage the applications one wants to use. So what does it mean that networks with popular apps will have valued tokens?

In November, Cuban described himself as an “Ethereum maxi”, because he is big on smart contracts and Ethereum. He is also into non-fungible tokens, and his portfolio has many NFTs. His comments provided some support for the second-largest cryptocurrency in the world. Meanwhile, the reality TV star, Kim Kardashian, and the boxing legend, Floyd Mayweather, among other celebrities, have become the targets of a new lawsuit for promoting a crypto token named EthereumMax (EMAX).

According to the filing, the celebrities misled the investors by misrepresenting material facts concerning the crypto asset, by creating the impression that buying the token would generate a profit. However, the promotional activities of Kardashian, Mayweather and others led the investors towards heavy losses.On the flip side, an analyst from Bank of America, by the name of Alkesh Shah, has said that the fifth-largest cryptocurrency by market cap, Solana, could potentially take the market share from the second-largest cryptocurrency, Ethereum. According to Shah, Solana produces a blockchain optimized for consumer use cases, by prioritizing scalability, low transaction fees and ease of use, and it could become the Visa to the digital asset ecosystem. This report predicted further gains in ETH/USD.