Ethereum Price Prediction: ETH Founder Vitalik Buterin Takes Financial Advice FOMO Drives This Presale to Almost $6.5 Million

adminJanuary 9, 2024

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Ethereum price is up 1.7% in the last 24 hours. Trade for $2,255 As of 7:29 a.m. EST, trading volume had increased 130% to $18.5 billion.

With the price of ETH soaring, Ethereum founder Vitalik Buterin is at the center of controversy due to his financial advice.

The issue arose from a tweet claiming that Bill Gates had diversified and sold Microsoft stock after meeting Warren Buffett, significantly reducing his potential wealth. The tweet speculated that Gates’ net worth could be $1.33 trillion instead of his current $138 billion.

After becoming friends with Warren Buffett, Bill Gates began diversifying his portfolio and selling Microsoft stock.
Currently, Bill Gates’ wealth is $138 billion. If he hadn’t diversified, his wealth would have been $1.33 trillion.
… pic.twitter.com/7ZLT6NkgBS
— Alex (@alex_avoigt) January 6, 2024

Taking this into account, Vitalik responded to the tweet, saying he supports diversification and maintaining a “boring” portfolio is a good thing. He also advised against excessive borrowing, suggesting that adhering to these principles could lead to financial security and freedom.

This is terrible advice. Real Financial Advice:
* Diversification is good.
* get. Get to a level where you have enough to cover your expenses for many years. Financial security is freedom.
* Make most portfolios boring.
* Do not use leverage greater than 2x. Do not. https://t.co/CIvDJcD3UG
— Vitalik.eth (@VitalikButerin) January 7, 2024

Ethereum Price: Bull Trade Within Rising Triangle

Ethereum price chart analysis. Source:Tradingview.com — ETHUSDT chart analysis. Source:Tradingview.com

Ethereum price is showing signs of a rebound from the lower boundary of the ascending triangle pattern at $2181, indicating a continuation of the bullish trend.

ETH is targeting new peaks, trading above both the 50-day simple moving average and the 200-day simple moving average. This confirms the existing bullish sentiment and sets a near-term support level. The golden cross at $1790 further demonstrates the overall bullish momentum.

The Relative Strength Index (RSI) has seen a rebound from the midline of 50, suggesting potential buying pressure at the overbought threshold of 70.

Ethereum price prediction

Bullish investors are riding a sustained upward trend within an ascending triangle and are anticipating a move beyond its boundaries. A successful breach could see the bull targeting a high of $3,000 in the first quarter of 2024.

However, in a bearish scenario, bears could influence the price to fall towards the support area at $2045 below the lower boundary of the ascending triangle.

While Ethereum traders wait for the right entry point, investors are eyeing the potential for a 100x return in 2024 by participating in the Meme Kombat presale, which has soared to nearly $6.5 million amid FOMO.

Last Chance, MK Presale Achieves $6.5 Million Goal

$MK is expanding to new heights. that much Meme Combat (MK) The pre-sale is racing toward its $6.5 million goal and has already raised $6.3 million, with each token Discounted price of $0.279.

We are so close to our next milestone 😉
But there’s $6.3 million in the bag💪 LFG! pic.twitter.com/SqohXEN28R
— Meme Kombat (@Meme_Kombat) January 8, 2024

The platform integrates GameFi with meme characters and offers AI-generated battles by allowing players to bet on their favorite meme character and receive significant rewards if their chosen character wins.

We will increase the price within 24 hours. $MK From $0.257 to $0.268⚔️
Buy now for $0.257! pic.twitter.com/8tI0ATMEzi
— Meme Kombat (@Meme_Kombat) December 27, 2023

Receive MK tokens, stake and earn passive income

There is also an opportunity to earn passive income by staking the MK tokens you earn. This guarantees a 149% Annual Percentage Yield (APY). This staking feature is particularly attractive to investors who see Meme Kombat as a key player in the future of Meme Coin.

More and more investors are showing interest in Kombat Season 1, hoping to see significant returns while playing.

📣Major Updates📣
The Meme Kombat Staking Dashboard is officially live and ready for you to use!
Take a break from Kombat and visit our staking dashboard here: https://t.co/nNFEYESjPs pic.twitter.com/yswl0esb4G
— Meme Kombat (@Meme_Kombat) November 9, 2023

Crypto analyst and YouTuber Jacob Bury recently reviewed the Meme Kombat project, predicting that its value will increase tenfold upon launch.

To purchase MK tokens, please visit the following site: Meme Kombat Official WebsiteConnect your Web 3 wallet and exchange ETH, USDT or BNB for MK tokens there.