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Introduction:Recently, Standard Chartered Bank released a forecast that Ethereum may rise by 400% in the next few years, followed by a long-term rebound to $35000. This prediction has sparked attention and discussion about Ethereum

For Bitcoin, this has been a quite pessimistic week, as the cryptocurrency has fallen by about 3% since the beginning of this week. Especially the price trend has made it difficult for Bitcoin to break through $27000, indicating the potential risk of further losses falling below this resistance level in the short term

Key points:Bitcoin's quarterly price performance is poor, at -11.5%, but its performance so far this year is still better than most asset classes;As of the time of writing this article, the purchasing power of the United States, which drove the rise of Bitcoin in the first half of the year, has completely weakened;Trading volume, liquidity, volatility, and search trends continue to decline;The discount of annual grayscale on net asset value has decreased from -48% to -16%;The proportion of long-term holders holding Bitcoin has reached a historic high of over 76%;Bitcoin's native valuation still shows that Bitcoin is at the lower limit of value;The active address slightly increases, while the transmission volume (adjusted by the entity) continues to decrease;After the strong performance of Bitcoin prices in the first half of the year, the performance of Bitcoin in the third quarter was lackluster, with a month on month decline of 11

To learn more about the coin circle, clickContinuously updatingIs the current market Xiongmo or Niuchu? Except for the top 8 cryptocurrencies in BTC and ETH rankings, which have attracted market attention, their trends often lead the development direction of the entire industryHot topics on October 13th;oneA giant whale deposits $11 million in assets on Aave and borrows $8.45 million in stable currency to repay debts and avoid liquidationtwoBelugaProtocol was attacked and the loss increased to 108

A cryptocurrency analyst said that a little-known counterfeit currency may undergo a significant adjustment after soaring three digit percentage points since June.Anonymous trader AltcoinSherpa stated that he believes that the blockchain Oracle counterfeit TellorTributes (TRB) will become one of the "best tokens" to short in the coming months

Ethereum prices are falling towards the support level of $1500 against the US dollar. ETH may pull back and rise, but the upside potential may be limited above $1565

In order to achieve the forecast of $8000, ETH's market value needs to reach $744 billion. Under certain conditions, this may be possibleStandard Chartered Bank predicts ETH's three-year performance will rise by 400%Meeting this prediction will depend on several factors within the Ethereum blockchainStandard Chartered Bank has recently abandoned its forecast for Bitcoin and shifted its focus to Ethereum

CryptoCon, a cryptocurrency analyst, predicts that based on the previous halving situation, Bitcoin (BTC) should break through the sideways trend around November.Their paper suggests that Bitcoin has already risen before the previous halving, indicating lucrative investment opportunities before the end of 2024

along withWith the cryptocurrency market facing a surge in selling pressure, XRP prices continue to consolidate sideways in a relatively short period of time. Although key cryptocurrencies may receive critical support, one analyst believes that there is still hope for XRPLedger native tokens

From 20:30 in the evening yesterday to 7:30 in the morning, the main trend of Da Bing was a white market fluctuation. Take 26700 as the average, with a fluctuation of 100 points

As cryptocurrencies continue to gain momentum in the global economy, Bitcoin's long-term dominance is facing increasingly severe challenges from Ethereum. This second highest value cryptocurrency has innovative capabilities, sparking discussions about potential primary status shifts

Although analysts at Standard Chartered Bank are optimistic that ETH prices will reach $8000 within two years, other analysts have expressed concerns about the decline in Ethereum activity.After a strong start in October 2023, the world's second largest cryptocurrency, Ethereum (ETH), faced significant selling pressure earlier this week, falling below $1600