Ryan Allis

Mar 26, 2022

Bullish Outlook For Ethereum (ETH) Price Based on discounted cash flow model, Bloomberg analyst Jamie Coutts & market analyst Ryan Allis put forth their bullish prediction on Ethereum. Jamie Coutts, the analyst at Bloomberg, believes Ethereum’s price to reach the $6,100 level . The analyst asserts that Ethereum enjoys a unique blend of equity, commodity & monetary characteristics. When talking about the merge of the execution layer & consensus layer, Coutts finds himself in a bullish state. The merger will allow users to stake their Ethereum & earn income and also 30% of the Ethereum transaction fees will be distributed to the stakers. On the other hand, Crypto quant hedge fund owner & market analyst, Ryan Allis, is of the opinion that ETH market valuations are worth $832 billion and claims Ethereum transaction fees in January 2022 surpassed $1.3 billion. As per Allis’s explanation where he says, Ethereum’s revenue in Feb 2022 was positioned at $715.4 million, the annual revenue should account for $8.58 billion. Explaining his further prediction, Allis says the net profits are equal to the revenue which is 100% profits as no costs are connected with the distributed system. For the next 20 years, Allis expects Ethereum’s annual revenue growth rate at 25% and this puts the intrinsic value at $7,500. Whale Addresses Supply! ???? #Ethereum 's top 10 #whale addresses hold 4.3% more of the total supply than they did one year ago today. The 23.7% of all $ETH held by these wallets remains very close to the 5-year high levels that it first breached in late January. ???? https://t.co/WawvxhPUiC pic.twitter.com/DtuNaxiwy6