Ethereum Unlikely to Reach All-Time High in 2024, Majority of Polymarket Traders Bet Against It
According to a recent report by Watcher Guru, it seems that Ethereum may not hit its all-time high in 2024. In fact, a staggering 85% of Polymarket traders are betting against it.
This news comes as a surprise to many in the cryptocurrency community, as Ethereum has been one of the top-performing assets in recent years. However, with the current market conditions and increasing competition from other cryptocurrencies, it seems that the majority of traders are not optimistic about Ethereum’s chances of reaching its previous peak.
While it is important to note that predictions in the cryptocurrency market are always subject to change, this latest data from Polymarket suggests that Ethereum may face some challenges in the coming years. Investors and traders will have to closely monitor the market and make informed decisions based on the latest information available.
Overall, it will be interesting to see how Ethereum performs in the future and whether it will be able to defy the odds and reach new heights in the years to come.