Crypto Analyst Lark Davis Predicts Ethereum Price to Surge to $15,000 in 2024 — Here’s the Latest
Cryptocurrency analyst Lark Davis has predicted that Ethereum will reach a price of $15,000 per coin in the upcoming bull cycle of 2024-2025.
Despite the asset’s relatively subdued performance this year, Davis foresees a significant upswing that could potentially yield substantial gains for investors.
In a video published on X on December 25, Davis explained that the anticipated surge would not be triggered through buying, selling, or staking but rather through Ethereum layer-2 assets.
Ethereum Will Make Millionaires In 2024, BUT Not How You Think pic.twitter.com/00YCLPyGCl
— Lark Davis (@TheCryptoLark) December 25, 2023
The YouTuber also delved into the current and upcoming layer-2 listings, including zkSync, Starknet, Linea, Scroll, Blast, Manta, and Celestia. He highlighted the potential for short-term profits associated with these new listings.
While acknowledging the historical pump-and-dump patterns observed in newly launched tokens, Davis pointed out instances where tokens gained significant traction after being listed on major exchanges.
Despite presenting potential opportunities, Davis offered a cautious outlook for Ethereum in 2024. Drawing comparisons with historical gains, he predicted substantial growth if Ethereum replicates or slightly surpasses its previous cycle’s highs, which reached around $4,800 in November 2021.
Following its all-time high, ETH experienced a notable 81% decline during the bear cycle, reaching its lowest point at $880 on June 18, 2022.
Subsequently, Ethereum embarked on a recovery trajectory, predominantly exhibiting an upward trend throughout 2023. This culminated in a noteworthy high of $2,400 on December 9 and a press time price of $2,367.
However, Davis cautioned that individuals entering
Read more on cryptonews.com
