Ether Could Double in Price This Year, Says Bitwise Analyst

According to CoinDesk, while Bitcoin has been dominating headlines recently, Ether could more than double its current price in 2024, according to Juan Leon, a crypto research analyst at asset manager Bitwise. Leon believes Ether could reach $8,000 to $10,000 this year, with the upcoming Dencun upgrade and excitement around spot ETF applications acting as key catalysts. The Dencun upgrade, set to take place this month, will make transactions cheaper on layer 2 networks, potentially attracting mainstream consumer demand for Ethereum. Leon expects the positive sentiment to occur weeks and months after the upgrade as its effects take place.