Although there are short-term fluctuations and geopolitical factors such as the recent US-China trade tensions, some prominent figures still maintain strong forecasts for the end of the year.
Tom Lee, CEO of Fundstrat and Chairman of Bitmine, recently predicted that the S&P 500 will reach 7,500 USD, Bitcoin will reach 200,000 USD, and Ethereum will reach 7,000 USD by the end of the year. Lee pointed out that the stable fundamentals of Ethereum – including high stablecoin volumes and increasing application revenue – are the main reasons for the potential recovery of the crypto market by the end of the year.
ETH
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