so bitcoin recently broke its previous
all-time high sitting at near 66 000 at
the time of this recording since the
start of october the crypto markets have
been on an absolute tear and this
quarter four has been very exciting so
far now i missed all of that i want to
discuss the possibilities of some
additional all coins that can 2x 3x 4x
or even 10x your investment by the end
of this year now before we get started
with this Article you guys if you have
been enjo
been sticking around the Shivam7838 and
you've been holding your investment
buying up the dips and having faith in
the crypto market and you are now in the
money make sure you guys go ahead and
drop a like if you appreciate all the
content .
the global crypto market cap is
currently sitting at 2.63 trillion
obsolute insane amount
looking at the seven day charts you'll
notice that bitcoin has been up about 16
ethereum is up 15 and it looks like all
coins still haven't really had a huge
kickoff but we are now seeing some of
those larger cap all coins making that
move just like we predicted so solana is
up 17 polka dot is also up 17
and alongside that we're seeing even
movement in terra luna uniswap wrapped
bitcoin litecoin and having just an
enormous green day so far in the markets
now currently the crypto fear and greed
index is sitting at an 82 placing us in
the extreme greed value now this isn't
hitting a 90 or 100 i think we get a
large large green candlestick we can see
this getting pushed up but if you guys
take a look at what the crypto fear and
greed index has done in the last one
year you'll notice that in the previous
crypto bull run where we were
approaching the summer days the fear and
greed index was actually at a lower
point than it is currently now sitting
at an 82 so this is actually really good
news just because even though we are
pushing the greed in the market this is
actually due to some fundamental news
that came out and this is going to
relate to the first bitcoins futures etf
that rises more than four percent in
trading debut so the pro shares bitcoin
strategy etf or ticker symbol bito went
ahead and jumped 4.8 percent to close at
41.94
this fund went ahead and tracked the cme
bitcoin futures or contracts speculating
on the future price of bitcoin rather
than the crypto itself the fun tracks
cme bitcoin futures or contracts
speculating on the future price of
bitcoin rather than the crypto itself
now they also stated that trading
volumes have been absolutely exceptional
and bito has traded in excess of 700
million dollars notional that puts its
first day well ahead of retail etf
favorites like buzz and arc x when
compared to their respective launch days
earlier this year by the end of the
trading session bito has traded about
984 million dollars in volume and pro
shares is the eighth biggest etf
provider by assets according to
etdb.com now if you guys have been
followers along this channel you know
that we've been emphasizing time and
time out the importance of the etf
coming into the market now that we
finally have this and we've been seeing
strong success we are seeing the direct
correlation going into the price action
of bitcoin now although pro shares is
more focused on the futures price of
bitcoin i do believe that when we get
spot trade a bitcoin which is going to
be the current price directly associated
with what bitcoin is currently at right
now that is really going to symbolize a
monumental movement in the direct crypto
market i do believe there is still some
time before the end of the year for a
chance of that to happening and i just
can't imagine how parabolic the market
could go if we do get additional news on
that needless to say we are quickly
approaching the previous all-time high
market cap as well and if we get
anywhere near three trillion dollars i
can imagine how many new all-time highs
we're gonna see all around the board now
with all that being said and bitcoin
finally breaking new territory i want
you guys to be prepared for the next
possible moves to make so we mentioned
this chart before in one of my last
videos talking about the different
phases that we see the overall crypto
market going through if you guys are a
newer investor instead of investing into
bitcoin when it has its ride up you can
actually prepare ahead of time into
other all coins approaching different
phases so right now we are currently
seeing that phase overlap where money is
flowing into ethereum ethereum also goes
back and forth with bitcoin and starts
out performing it and then we enter the
phase two where ethereum outperforms
bitcoin and we hear talks of the
flipping happening once again now if you
don't know what the flipping is this is
pretty much the idea that ethereum
overtakes bitcoin listed on the top
chart here so as you guys can see
bitcoin has been number one for the
entire history of the existence of the
crypto market and there are rumors where
ethereum could one day overtake the
power of bitcoin sitting at that number
one spot in order for the flipping to
occur you would need to have different
aspects of ethereum doing better than
bitcoin this is going to be those active
addresses it's also going to include
transaction volumes trading volumes the
total transaction fees the node count
flipping and even the google search
interest in addition to that many people
do take a look at the overall size of
the market cap and even how much daily
trading volume that we would get now
because ethereum is not a deflationary
asset still even with the latest eip
upgrade i do believe when ethereum 2.0
officially comes out and we are underway
with the proof of stake concept then we
are going to see the possibility of the
flipping occur and even have an
opportunity for massive price targets of
ethereum to come into fruition now i
know if we even bring up the numbers of
hearing about a 10 15 or 20 000 ethereum
sounds absolutely wild but it really
isn't out of the realm of possibility if
we take the last one year charts you'll
notice that we made a return of 450
percent ethereum came down since last
october from
368 dollars to where it is right now so
if we happen to be in another parabolic
bull run or maybe we're even in that
supposed super cycle that many people
can't even confirm yet and we begin to
see the similar returns in the past one
year with ethereum going up about 450
from its current price target we could
actually see a 18 000 ethereum if that
same amount occurs keep in mind we even
had an analyst at the beginning of the
year prior to the summer bull run
claiming a 10 000 ethereum target as
well and that was because of the result
of institutional investors like the
gryscale ethereum trust furthermore
we're actually able to access a lot of
this in-depth data from grayscale and
get a better idea of how much money is
invested and some of the returns that
many of their investors have seen over
the past year so just as an example with
this october fact sheet we can actually
see that in the last three months if you
did invest into ethereum about three
months ago you'd be up 26 the year to
date return would be 83
and even in the last 12 months you'd be
up about
567 percent on that investment now going
through the current numbers off the
gray-scale ethereum trust we can see
that about 11.9 billion dollars are
under management if we go ahead and look
at the performance you can see a clear
linear growth in this path right here
but it looks like you know over the past
few months things have been relatively
stable ethereum has not hit that brand
new all-time high and we haven't gone
that parabolic run that we saw back in
the end of april if we take a look at
the last one month you'll definitely
notice some good growth that we've seen
over with ethereum closing in on the
last five days we have been in that
consolidation period forming a bit of a
wedge before we experience that breakout
right before bitcoin did have its
massive jump up breaking its previous
all-time high like i mentioned earlier i
really think ethereum has a long ways to
go during this bull run and if bitcoin
continues to rally i do expect this
cryptocurrency to go absolutely
parabolic as well anytime ethereum picks
even just a little bit of momentum up we
often see a huge explosion at least with
this crypto here now while specifically
today we're seeing the ethereum average
transaction fee going down fairly in
price i do believe we're still seeing a
large setup right now in order for us to
have a good movement in price during
this time this is really when we saw
ethereum rally and right now with the
transaction fee still stabilizing i do
believe that if we do see an explosion
off this metric here we could also see
an increase in price so as most you guys
know ethereum plays a large role into
the d5 market and right now we can
actually see the amount of total value
locked going up in price currently we're
seeing about a hundred billion dollars
with most cryptocurrencies related to
the d5 market actually up in the last
one day a significant amount you'll also
notice here maker off the ethereum
network is up about 55
919 percent in the last 24 hours before
in the past whenever we saw a lot more
demand going into the d5 market and
seeing money pouring into the crypto
world that is pretty much the formula
that we need in order for ethereum to
really have that rocket fuel in order to
start going to the moon now if we take a
look over into some dex data as well
also known as decentralized exchanges
trading volume over in the last few
months we've actually been seeing this
volume going down with actually a huge
all-time high spike happening back in
may now keep in mind may was a very
exciting month for ethereum and the
overall crypto market as well and it
looks like right now some of the charts
aren't necessarily reflecting that
insane a pump in volume that we've seen
happen across different industries i
personally believe that right now the
current monthly dex volume by project
can be an indicator that the theory
market still has a long ways to go now
if we take a comparison with regards to
bitcoin and ethereum you'll also know
that ethereum does have a bunch of
upgrades coming out soon as well so this
is supposed to be the next new and
improved a better version of ethereum
known as ethereum 2.0 also known as
serenity now the latest information that
we have with regards to ethereum 2.0 is
actually going to be involving the eip
4345 difficulty bomb delay so 4345 is
actually going to delay the difficulty
bomb until june 22nd now although we
have been getting more news about delays
they do also mention on ethereum's
website that eth2 researchers are
working on ways to accelerate the merge
and it will happen earlier than expected
more soon if you aren't clear about the
current ethereum 2.0 roadmap here's
pretty much a great summary on what you
need to know so the beacon change also
known as phase zero which was
implemented into the proof of stake
algorithm first launched in december
- now the next stage is the merge
and this involves the beacon chain
putting it into the main net and seeing
the end of proof-of-work algorithms
which should also happen at some point
at the end of 2021. the final upgrade
mapped out for ethereum 2 will see the
implementation of shard chains which is
slated for 2022. now with the momentum
that we currently have underneath the
crypto market i do believe that ethereum
can be targeted next for that insane
parabolic run we have seen ethereum done
it before in the past with similar
circumstances lining up at its current
market cap of 479 billion dollars i do
believe that in comparison to the
general overall crypto market there is
still a lot of money in here to allow
this crypto to grow i personally believe
a ten thousand dollar ethereum is still
on the table and if we're able to break
some of these higher resistance levels
even going past five thousand dollars i
do believe things will get very exciting
then aside from ethereum if you are
trying to build a diverse portfolio and
you don't know what other
cryptocurrencies to take a look at i
will be making a full updated video on
some of the top all coins right now in
the short term i have mentioned this
over in our ID but it's going to be
polka dot and tara luna which are gonna
be two cryptocurrencies that i'm eyeing
out for the next week or so so thank you
all so much again for watching this
article.