🎉【Gate Singapore Flagship Event · Square Fun Quiz Challenge Day 1】
#TOKEN2049# is just around the corner, and Gate is bringing the heat to Singapore!
Token of Love Music Festival, Gate x Oracle Red Bull Racing Reception, and the F1 Race Viewing are all set to roll out!
Join Square Fun Quiz Challenge now, test how much you know about the events and share $100 BTC in rewards!
To join: Comment your answers (format: 1B 2A 3B 4C)
🎁 Rewards: 3 lucky winners each day → $10 BTC each
👑 Bonus: Answer all questions correctly for 3 days → Extra $10 BTC for Super Quiz King!
📖 Day 1 · Quiz (Single Choic
Recently, the long-term price prediction of Ethereum (ETH) by crypto assets market analyst Tom Lee has sparked widespread discussion. Lee adopted a valuation model based on the exchange rate of Bitcoin (BTC) and Ethereum for analysis.
The key premise of this model assumes that Bitcoin will reach a price level of $250,000 in the future. Based on this, Lee proposed three possible ETH/BTC ratio scenarios:
First of all, if we consider the long-term average exchange rate of 0.0479 over the past 8 years, the price of Ethereum could reach about $12,000. Secondly, if we reference the historical high of the ETH/BTC ratio in 2021 at 0.0873, the price of Ethereum could climb to around $22,000. Finally, in an extreme scenario, if Ethereum could replace traditional financial infrastructure, causing the ETH/BTC ratio to rise to 0.25, then the price of Ethereum could soar to $62,000.
However, we also need to recognize that these predictions are based on the assumption of a significant appreciation of Bitcoin, so we should remain cautious in our interpretation.
At the same time, Mark Newton, a technical analyst from the Lee team, provided a relatively conservative short-term forecast. He expects Ethereum to potentially reach $5,500 by September 2025, and possibly touch $9,000 by January 2026.
These predictions reflect the market's optimistic expectations for the long-term development potential of Ethereum, but investors still need to carefully consider the high uncertainty and volatility of the market when making decisions. The future development of the crypto assets market will depend on the combined influence of various factors such as technological advancements, regulatory environment, and market acceptance.