In this segment from the Empire newsletter, it is mentioned that the cryptocurrency market is currently experiencing some pullbacks ahead of the holidays. Coinbase Institutional released its market outlook for next year, predicting that the bull market will continue and potentially peak at around $180,000. They expect a decline after that, but anticipate a recovery in the fall with major tokens regaining momentum. Despite Ethereum (ETH) lagging behind other cryptocurrencies, there is optimism for its future growth in the long-term, particularly with the growth of the Ethereum Layer 2 (L2) ecosystem. However, some predictions suggest that Solana may outperform Ethereum in the short to medium term. Overall, there is bullish sentiment for the crypto industry in the coming year, driven by wider adoption and advancements in technology.



Other News from Today