The Ethereum price recently came under the spotlight as traders moved in and pumped its price 15% on a weekly basis. The initial surge took the coin’s price up by over 18% between September 17 and 23, after which it saw a mild correction which left it with a price of $2,644 and a mentioned weekly increase of 15%.
Could Ethereum Go Back To $3k?
The coin’s increase allowed it to easily outperform Bitcoin, which is up by only 8% in the last seven days, and 1% in the last 24 hours. Despite this, flows into Ethereum investment products still lag behind Bitcoin’s, as BTC ETFs remain more popular. In fact, Ether investment products have seen outflows for five consecutive weeks now.
CoinShares’ head of research, James Butterfill, said that this is due to persistent outflows from the incumbent Grayscale Trust and scant inflows from the newly issued ETFs.
Still, Ethereum has seen a notable increase in activity within its network, which signals higher demand for ETH, and explains the price increase. This caused some to speculate that the coin could return to $3k — the price it has last seen in early August of this year.
With speculations of the next big crypto rally potentially starting in Q4 2024, a return to $3k is not out of the question, especially since the coin demonstrated that it is capable of going all the way up to $4k outside of the bull run when the market conditions are favorable enough.
But, if the surge is truly coming, then investors might want to consider other alternatives that have greater potential for growth. High-potential cryptos that are currently in the presale stage could be a perfect opportunity for that, such as Crypto All-Stars (STARS).
JOIN THE STARS ICO AND BUY ITS TOKEN BEFORE THE RALLY KICKS OFF
Why You Should Consider Buying STARS Tokens Ahead Of The Rally
Crypto All-Stars is a new meme coin project that has the potential to revolutionize staking in the meme coin sector. Unlike other projects that offer staking, where you can only stake a single cryptocurrency belonging to each individual project — Crypto All-Stars has developed a multi-coin staking solution.
Known as MemeVault, its product is a new type of staking smart contract that lets you stake all the major meme coins in the same place. The contract supports Dogecoin, Floki, Pepe, Turbo, Brett, Milady, and many others, with the potential to add even more in the future.
As such, it could become the center of meme coin staking, and the go-to project for those who have a meme coin-centered portfolio. Best of all, its native token, STARS, is still in presale, so you can buy it right now at a low price and not worry about volatility for as long as the ICO continues.
BUY STARS BEFORE ITS PRICE SKYROCKETS
In fact, owning STARS is a requirement to be able to use MemeVault, so getting some of it while it is at its lowest is the best course of action. So far, the ICO managed to raise over $1.56 million in only a few weeks, and while selling STARS for only $0.00145943.
You can buy the token with ETH, USDT, BNB, FLOKI, SHIB, PEPE, or DOGE. If you prefer to use fiat currencies, the project also accepts payments through debit and credit cards.
