Crypto analyst CryptoChico shared insights on recent developments and potential trends in his latest discussion. He began by recapping the approval of the first Bitcoin ETF in the U.S. and noting how quickly the crypto sector evolves compared to traditional markets.
ChicoCrypto then looked ahead, predicting that an Ethereum ETF would be approved based on statements he made over two months ago. He found it interesting that some politicians invested in Ethereum recently, raising questions about possible insider knowledge. Past events, like Bitcoin’s price runup before its ETF, suggest Ethereum could climb to around $2875 as well.
The analyst also sees potential for Layer 2 solutions on Ethereum like Optimism, Gnosis and Arbitrum. Turning to another coin, he proposed Chainlink may receive the next ETF nod after Ethereum due to its founder’s comments and the high premium on its trust shares.
Chainlink hit a new yearly high of $17.68 on December 28 but fell to $12.53 by January 8. However, its price rebounded 2% following the Bitcoin ETF approval and now trades near $14.98. CryptoChico encouraged investors to act on opportunities like this.
In summary, the discussion focused on recent crypto milestones as well as predictions that an Ethereum ETF and rising Chainlink prices could be next based on comparisons to prior events and statements from industry figures.
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