Dogecoin co-founder Billy Markus recently shared his opinion on Ethereum's price increase. He conducted a poll among his followers, questioning the possibility of further cryptocurrency growth.
Markus' Opinion
Billy Markus, known as Shibetoshi Nakamoto, frequently discusses current issues in the cryptocurrency market. In his latest tweet, he asked, 'Do you think Ethereum will hit new highs before the end of the year?'. According to him, most are skeptical about this, even though Ethereum showed an 8% increase in September.
Ethereum's September Rise
Ethereum ended September with an 8% increase. This month is traditionally considered unfavorable for cryptocurrencies, so such growth is drawing attention. At the time of writing, ETH had risen by 0.97% in the last 24 hours to $2,674 and by 5% over the week.
Factors of Cryptocurrency Growth
Growth is also observed in other cryptocurrencies. This is related to global changes in economic policy: the US Federal Reserve, the European Central Bank, and the People's Bank of China have lowered interest rates to stimulate economic development. In response, investors showed interest in various assets, including cryptocurrencies.
Markus' assessments and the rise in cryptocurrency indicate continued interest in crypto assets. However, the further development of the situation around Ethereum remains uncertain, and many traders act with caution.
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