Analysts See Strong Rebound Potential for Cryptocurrencies
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Source: Fool
- Ethereum's Optimistic Outlook: Analyst Geoffrey Kendrick predicts Ethereum (ETH) will rebound to $4,000 by year-end and reach $40,000 by 2030, despite its current price of $1,600 being 65% below its all-time high, as blockchain activity remains robust with a 46% year-over-year increase in transaction volume.
- Solana's Growth Potential: Currently trading at $80, down over 70% from its peak, Kendrick forecasts Solana (SOL) could reach $250 by the end of the year and $2,000 by 2030, driven by low transaction fees and the recent Alpenglow update that significantly boosts transaction speeds.
- XRP's Market Opportunities: Priced at $1.14, Kendrick expects XRP to rebound to $2.80 by year-end and $28 by 2030, as Ripple's increasing activity in cross-border payments is projected to generate a $1 billion revenue run rate, although the actual use of XRP in transactions remains a key consideration.
- Investment Opportunities Amid Market Decline: Despite the overall cryptocurrency market being in a bear phase, Kendrick believes buying Bitcoin at current levels is reasonable, and he holds an optimistic view on the long-term potential of Ethereum, Solana, and XRP, suggesting they may present good buying opportunities for investors.
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Analyst Views on AMZN
Wall Street analysts forecast AMZN stock price to rise
44 Analyst Rating
41 Buy
3 Hold
0 Sell
Strong Buy
Current: 244.160
Low
175.00
Averages
280.01
High
325.00
Current: 244.160
Low
175.00
Averages
280.01
High
325.00
About AMZN
Amazon.com, Inc. provides a range of products and services to customers. The products offered through its stores include merchandise and content it has purchased for resale and products offered by third-party sellers. The Company’s segments include North America, International and Amazon Web Services (AWS). It serves consumers through its online and physical stores and focuses on selection, price, and convenience. Customers access its offerings through its websites, mobile apps, Alexa, devices, streaming, and physically visiting its stores. It also manufactures and sells electronic devices, including Kindle, Fire tablet, Fire TV, Echo, Ring, Blink, and eero, and develops and produces media content. It serves developers and enterprises of all sizes, including start-ups, government agencies, and academic institutions, through AWS, which offers a set of on-demand technology services, including compute, storage, database, analytics, and machine learning, and other services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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