Pantera Capital CEO: We’re Very Bullish on Ethereum (ETH) and Polkadot
Fast take:
Pantera Capital CEO has mentioned that the company is bullish on Ethereum (ETH) and Polkadot (DOT)this is due to the volume of DeFi tasks constructed on both networksPantera Capital has increased its non-bitcoin and non-Ethereum proportion from SIXTEEN% to 21%Its Liquid token fund is long 62% on non-bitcoin and non-Ethereum belongingsBoth Ethereum and Polkadot are hinting of bullishness as the month comes to a detailed
The CEO of Pantera Capital, Dan Morehead, has shared that the company may be very bullish on Ethereum (ETH) and Polkadot (DOT). Consistent With Mr. Morehead, the funding company is bullish on thee virtual assets because of the amount of DeFi projects constructed on each.
Furthermore, Pantera has greater its share of its non-Bitcoin and non-Ethereum asset allocation from SIXTEEN% to 21% as a result of that is where the biggest gains are likely to stem from this year. Mr. Morehead shared his research of Ethereum, Polkadot and the general altcoin marketplace via the next tweet.
We’re v. bullish #Ethereum & #Polkadot. much more bullish DeFi projects constructed on them.
Non-bitcoin+ethereum percentage has grown from 16% to 21%. That’s the place biggest gains are more likely to be in 2021.
Pantera Liquid Token Fund is lengthy 62% non-bitcoin+ethereum.https://t.co/0PxBUIvmjV pic.twitter.com/3aD7l0Ytuf
— Dan Morehead (@dan_pantera) January 26, 2021
Ethereum Consolidates at $1,300
At the time of writing, Ethereum is trading at $1,327 because it consolidates above the $1,2 HUNDRED and $1,300 strengthen zones. Moreover, Ethereum on crypto exchanges has been lowering with time as ETH buyers ship their funds to cold wallets or DeFi protocols. Such movement of Ethereum funds is bullish for the reason that CME plans to launch ETH futures on the 8th of next month.
Therefore, there may be a possibility that Ethereum may just set a brand new all-time high among as of late and the aforementioned launch date of Ethereum futures by the CME group.
Polkadot Prints a Bull Flag at the FOUR-hour Chart
With admire to Polkadot, the digital asset has revealed what seems like a bull-flag on the FOUR-hour chart below. Polkadot has also found large support around the $14.50 – $15 worth zone.
Also from the chart, it will probably be observed that several indicators are pointing against a bullish long run for Polkadot (DOT). To Begin with, the FOUR-hour trade extent is within the green with the MACD about to go in a bullish approach above the baseline.
Secondly, the 4-hour MFI and RSI are in the neutral territory of 43 and FIFTY FIVE respectively hinting that Polkadot may just try to break the upper boundary of the noticed bull-flag.
Conclusion
Summing it up, the CEO of Pantera Capital, Dan Morehead, has highlighted that the company is very bullish on Ethereum and Polkadot due to the quantity of DeFi systems being built on both. a brief basic and technical analysis reveals that each ETH and DOT are displaying bullish momentum because the month involves a close. Because Of This, the present price ranges of Polkadot and Ethereum may well be the start of substantial gains in the month of February and past.