Ether, the native cryptocurrency of the Ethereum blockchain, has been on a 17.5% spike in the past week compared to BTC's 1.2% surge.
Crypto users on the Polymarket platform are betting big on Ether (ETH) prices, raising the odds of the altcoin hitting $3,750 before December.
According to the platform, bettors are placing their tokens on ETH prices reaching the said amount at $3,750, while others are betting on a 16% chance that the altcoin will hit up to $4,000.
This optimism is fueled by Ether’s outperformance against Bitcoin and other coins in the past seven days, with Binance Coin (BNB) rising by 8.2%, Solana (SOL) increasing by 3.9%, and TRON (TRX) going up by 3.1%.
Prominent crypto figure Wolf is also bullish on ETH prices, describing the chart as “incredibly bullish.” He adds that once the altcoin clears major resistance at $4,000, “a measured move places it north of $15K.”
Another well-followed figure in the space, Immortal, says the Ethereum community can “teleport” the crypto asset to $5,000 by remembering the stories of people who were “second best.”
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