June 7, 2024 11:28 CEST
| 4 min read
Optimism returns to the crypto market and many assets have started to grow again. Among these there is also the largest altcoin, Ethereum (ETH)and machine learning and artificial intelligence (AI) algorithms are quite favorable regarding the possibility of continued progress in the coming weeks.
Indeed, Ethereum is riding the current bullish wave in the crypto sector. The recent position taken by the financial giant also lends authority to the positive forecasts VanEck. which raised growth estimates for the second crypto on the market for which it expects the price to reach $22,000 by 2030.
Ethereum Price Prediction
Artificial intelligence algorithms have worked out a price estimate at $3,927.66 as early as June 30, 2024. The forecast was calculated starting from the information available today, June 7, from the crypto monitoring and forecasting platform thanks to the PricePredictions AI.
Compared to the current value this would be an increase of 0.89%. The forecast is based on historical analysis of technical analysis (AT) indicators such as Relative Strength Index (RSI), Bollinger Bands (BB), Moving Average Convergence and Divergence (MACD) and others.
Ethereum price analysis
At the moment, Ethereum is trading at a price of $3,846.08representing a decline of 0.81% in 24 hours, an increase of 1.26% over the last seven days and an increase of 24.27% accumulated over the last month, according to the latest charts as of June 7 .
Adding to the optimism towards Ethereum is fuel the prediction of $90 billion asset manager VanEck.
The asset management firm recently raised its ETH price target for 2030 to $22,000. Justifying the change are recent “Ethereum ETF news, scalability progress, and our analysis of on-chain data.” The analysis of the performance of ETH and Bitcoin (BTC) also contributes, as they were able to obtain optimal returns.
In addition to AI’s positive short-term outlook, VanEck’s optimism suggests an overall positive sentiment regarding Ethereum’s future. However, it is important to keep in mind that trends in the cryptocurrency industry can change, so it is crucial to do individual research whenever you decide to invest.
Small-cap alternatives that can maximize their potential
PlayDoge is a vintage-style smartphone game that allows players to take care of a virtual pet. Just like a real puppy, players must feed him when he’s hungry, give him medicine when he’s sick, and keep him entertained when he’s bored.
The new Doge-themed game insists on the 90s nostalgia effect by transferring it to the cryptocurrency sector. It is a decentralized solution that is directly inspired by the cult game Tamagotchi, in which players care for a virtual puppy. After birth, the player must take care of their pet, helping it grow to overcome life’s obstacles.
The PlayDoge project is currently in the first phase of the roadmap, which includes fundraising through pre-sales, marketing activities and social media consolidation. The PlayDoge game will be launched during the fourth phase, and will be available as an app on Google Play and App Store.
The launch will coincide with PlayDoge’s airdrop to attract new players and investors to the project.
Once its pre-sale campaign is complete, PlayDoge will list $PLAY on a decentralized exchange. It could be PancakeSwap, a reference DEX for BNB Chain tokens. In the next phase, PlayDoge will seek listing on centralized exchanges to gain greater visibility among traders.
The market welcomes the wave of meme coins like PlayDoge
The crypto market is becoming increasingly structured and reliable. A booming sector is that of play-to-earn (P2E) games, now many tokens in this sector manage to obtain significant earnings. PlayDoge ($PLAY) it is a new project that has just entered this niche. The recent pre-sale campaign has already raised over 2.233 million dollars.
Some industry experts believe that PlayDoge could be the next P2E success story. Its smartphone game is packed with features. $PLAY tokens are earned when players take care of their virtual pet, such as feeding it and providing care when it is sick.
The PlayDoge app also includes minigames, meaning players can entertain their pet when he gets bored. P2E investors can purchase $PLAY tokens for just $0.005 during the ongoing presale. This offers the lowest cost base before $PLAY launches to the public.
Cryptocurrencies are highly volatile and unregulated. No consumer protection. A profit tax may apply.
