Mechanism Capital Partner: The possibility of ETH returning to 1000-1500 USD this year seems quite high
PANews reported on April 6th that Andrew Kang, a partner at Mechanism Capital, posted on platform X stating that he has not been closely following cryptocurrency in the past few months. However, it seems very likely that ETH will return to $1000-1500 this year. Given the speculative frenzy is clearly over, for an asset with negative growth/profitability, reaching a market value of $215 billion is simply absurd. The bear market argument holds up.
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.
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