Prominent Investor Layah Heilpern on Ethereum (ETH) and Her Bull Market Plan
You may have heard about Layah Heilpern, a well-known crypto investor who has been persistently acquiring Ethereum (ETH) and plans to liquidate her holdings as the crypto market gains momentum. She recently stated, “I’ve been buying and will 100% sell in the bull market.”
Layah Heilpern Sees Potential For Rewards to Outweigh Risks
In a series of posts on X (formerly Twitter), Heilpern explained her rationale for investing in ETH. She believes that it is safer than alternative cryptocurrencies and still has a smaller market cap than Bitcoin, which means it will pump harder when money flows in. She also emphasizes its safety by citing the United States Securities and Exchange Commission (SEC) not designating it as a security.
At the time of publication, Bitcoin has a market capitalization roughly three times larger than that of Ethereum. Bitcoin boasts a market capitalization of $680.9 billion, while Ethereum stands at $226.4 billion. The price of Ethereum at that time was $1,881.
Recent Discussions Revolve Around Ethereum’s Price
The price of Ethereum has been widely reported recently. BeInCrypto reported on November 6 that ETH’s price achieved a breakthrough by breaking a 200-day descending resistance trendline, reaching a new yearly high of $1,916 after a 203-day period of declining beneath this trendline. Earlier reports also stirred speculation in the crypto community as another investor amassed significant amounts of Ethereum.
On November 4, BeInCrypto disclosed that a crypto whale deposited 31.8 million USDT into Binance and subsequently withdrew 8,698 ETH valued at about $15.94 million just hours later. Further investigation revealed that the same whale deposited 24,495 ETH, roughly $45 million, into Binance following Ethereum’s price increase, securing a profit of approximately $5.47 million.
Hot Take: The Value of Ethereum in the Bull Market
Ethereum continues to be an attractive investment option for many investors like Layah Heilpern due to its perceived safety and potential for growth during the bull market. As the crypto market continues to evolve, it’s essential to stay informed about these developments and consider your own investment strategies moving forward.
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