The post Here’s How Much Ethereum And New PropFi Token FXGuys Will Be If Bitcoin Hit $13M As Microstrategy CEO Predicts appeared on BitcoinEthereumNews.com.

The crypto market is abuzz with excitement as MicroStrategy CEO Michael Saylor predicts Bitcoin’s (BTC) price will skyrocket to a staggering $13 million. This bold forecast has sparked intense speculation about the potential ripple effects on other leading cryptocurrencies. Two assets in particular, Ethereum (ETH) and the emerging PropFi token FXGuys ($FXG), are poised for significant gains if Bitcoin’s price reaches such unprecedented heights. Let’s discover the potential price movements of ETH and FXGuys, exploring how they might benefit from BTC’s projected surge and what this could mean for investors. Bullish Signs for ETH Despite Ethereum Foundation’s Selling Activity Recent on-chain data from Santiment reveals a 2.5% surge in Ethereum’s exchange supply in September. This uptrend is partially attributed to the Ethereum Foundation’s consistent selling activity. According to Lookonchain, a crypto intelligence tracker, the Foundation sold 300 ETH ($763,000) in a recent transaction. The Ethereum Foundation has sold a total of 3,466 ETH ($9.67 million) at an average price of $2,791, with sales occurring approximately every 11 days. Each sale averages $421,000 in ETH tokens. The increased transfer of Ethereum to exchanges exacerbates selling pressure on the altcoin. As exchange reserves grow, so does the availability of ETH for sale, leading to downward price pressure due to heightened selling activity. Nonetheless, the price of ETH has increased slightly recently. ETH is up 12.53% from last week as it is trading at $2,582.86, according to CoinMarketCap data. Experts still have a positive outlook for ETH as the MACD and RSI technical indicators point to a bullish trajectory. As such, Ethereum could hit $2,820 in a few weeks. Conversely, if ETH closes below the daily support level of $2,461, it could decline further to retest its $2,152 in the coming weeks. BTC Surges Amid Michael Saylor’s $13 Million Price Forecast Michael Saylor,…

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Filed under: News - @ September 26, 2024 10:27 pm