Ethereum Price Prediction: Will Ethereum reach $10,000 in 2024?
Ethereum, the cornerstone of decentralized finance and the second-largest coin by market cap, is currently trading above $2,250. To reach our Ethereum price prediction of $10,000, the price of ETH would need a 5x increase. Is this feasible in 2024? Letâs analyze 
Is Ethereum a Good Investment in 2024?
In 2024, Ethereum remains a strong investment option. Its position as a leader in the DeFi space and its consistent performance, despite market fluctuations, make it a viable choice for long-term investors. The potential for growth, as indicated by various chart analyses, suggests a promising future for Ethereum.
Ethereumâs Merge was NOT Enough
Interestingly, the price of ETH dropped post-Merge, an event that was technically significant but had a limited immediate impact on price. This underscores the importance of understanding market psychology and the difference between short-term trading and long-term investing in Ethereum.
Is Ethereum a Good Buy?
Ethereum is considered a good buy, especially for those looking at long-term investments. Its robust fundamentals, coupled with a growing ecosystem, make it a standout in the crypto market. Investors should, however, be aware of market dynamics and invest wisely.
Ethereum Price Prediction: Will ETH Reach $10,000 in 2024?
Our Ethereum price prediction analysis, based on charting techniques, suggests that while ETH reaching $10,000 in 2024 might be ambitious, itâs not out of the realm of possibility. The key price point to watch in 2024 is $3,300, as surpassing this level could signal the start of an accelerated uptrend towards our target.
However, the $10,000 looks like a far target as this means a 5x from current prices.. Since Ethereum is strongly correlated to Bitcoin, this means that Bitcoin would reach around $200,000, which is a target beyond 2024.
Where to Buy Ethereum in 2024?
Ethereum can be purchased on various exchanges, with Bitget being a notable option. Bitget offers a user-friendly platform with robust security measures, making it an excellent choice for buying and trading Ethereum. Additionally, Bitget fees are one of the lowest in the market, so you wonât have to worry about high fees if you trade regularly.
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Roughly 70% of Crypto Communications Violate FINRA Rules: Report
The United States Financial Industry Regulatory Authority (FINRA) has revealed that about 70% of retail communications concerning cryptocurrencies violate its rule of misleading claims.
According to an official report, FINRA identified communications that failed to provide sound bases for evaluating digital assets by excluding explanations of how they are issued, held, transferred, and sold.
Misleading Crypto Communications
FINRAâs findings come from an exam launched in November 2022, which targeted crypto firms that actively communicate with retail investors over crypto assets and related services to evaluate their practices.
The financial regulator assessed over 500 communications distributed by member firms concerning assets offered by affiliates or third parties for compliance with FINRA Rule 2210.
The FINRA Rule 2210 prohibits false, exaggerated, promissory, unwarranted, or misleading communications and is also against the omission of information that would cause a communication to be deceptive. The rule requires that broker-dealer communications with the public be fair and balanced.
Among other things, FINRA discovered a failure to differentiate in communications, crypto products, and services offered through an affiliate or the member itself. A vast majority of the communications were inconsistent with FINRA Rule 2210.
FINRAâs Recommendations
The financial authority found false statements or implications that cryptocurrencies functioned like fiat or equivalent instruments. Some firms likened crypto to other assets like stock investments, omitting a sound basis to compare their different features and risks.
On top of that, the examined companies misled investors to believe that the protections of the federal securities laws, the Securities Investor Protection Corporation (SIPC) under the Securities Investor Protection Act (SIPA), and FINRA rules applied to crypto assets.
FINRA discovered an abundance of unclear and misleading explanations of how crypto works, including its core features and risks.
The regulatory authority recommended considerations for fair and balanced communications, including information about the volatility, the potential for investors to lose their entire portfolio, and the extent to which protections from designated agencies will apply.
âMember firms may consider the information in this update in developing new, or modifying existing, policies and procedures that are reasonably designed to achieve compliance with relevant regulatory obligations based on the member firmâs size, business model, or practices,â FINRA advised.
The post Roughly 70% of Crypto Communications Violate FINRA Rules: Report appeared first on CryptoPotato.
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Arizona Senate Passes New Bill Granting Bitcoin Mining Rights to Citizens
