Ethereum’s ether pushes past $4,000 for the first time – and one crypto analyst who correctly predicted this target now expects it to hit $10,000

Ethereum’s ether pushes past $4,000 for the first time – and one crypto analyst who correctly predicted this target now expects it to hit $10,000

Recorded its biggest one-day gain in two years on Monday, as the world's second-largest currency smashed past $4,000 for the first time. Ethereum's digital token rose 7% in the last 24 hours to trade around $4,165 as of 5.20. a.m. ET, . This new milestone was achieved after ether saw a 16% increase in value in just five days. This new momentum is likely being driven by asset manager . The firm has already applied to list a bitcoin ETF, for which the SEC has delayed its decision until July. More investors are betting ether will be fueled by a rise in the use of decentralized finance applications and non-fungible tokens. Rival currency is up 1% in the past week. about which of the two they'd rather invest in, and why. When ether was trading at around $1,200, crypto analyst Megan Kaspar predicted it would hit $3,400. Kaspar, co-founder of digital asset investment company Magnetic, has now boosted her price target to between $8,000 and $10,000 price range by the end of 2021. She told the Ethereum network upgrade to a less-energy intensive method than bitcoin's, , could boost its value even further. "The shift to proof of stake for