JPMorgan Strategist Calculates — ETH Price Will Drop to $1.5K By CoinQuora
- is not very unique anymore.
- There is growing competition involving ‘Ethereum Killers’.
- JPMorgan (NYSE:) Strategist estimates Ethereum price will drop 55% reaching $1,500
Few cryptocurrencies such as , Solana, and Avalanche are evolving in the crypto market as ‘Ethereum Killer’. This is due to the fact that ETH isn’t unique as other altcoins are growing in competition.
Amid competition from ‘Ethereum Killer’, JPMorgan’s Managing Director Nikolaos Panigirtzoglou estimates Ethereum price will drop 55% reaching $1,500. The Ethereum (ETH), price hit $911.20 in May, an all time high. This is because of the increased user’s interest in Ethereum.
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