Lyra Options Protocol Data Shows a 20% Probability of Ethereum Reaching $5000 by the End of June
PANews reported on May 22, according to CoinDesk, that the DeFi options protocol Lyra stated there is a 20% probability of Ethereum reaching $5000 by the end of June. Market data from Lyra indicates that with the continuous expansion of the Ethereum ecosystem and increasing market demand, investors' expectations for a rise in Ethereum's price have grown. Despite market volatility and macroeconomic uncertainties, Ethereum's strong fundamentals and widespread application continue to support the potential for its future price increase.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Research Report | GoPlus Project Detailed Explanation & GPS Market Value Analysis
Litecoin ETF ‘most likely’ approved next in US, Bloomberg analyst says
A Litecoin ETF would “most likely” be the next spot crypto ETF approved in the U.S., Bloomberg Analyst Eric Balchunas said.Canary Capital filed an amended S-1 form for its Litecoin ETF application on Wednesday, which may indicate engagement from the SEC.
ETH Price Prediction: What's Next?