Mooners and Shakers: DOGE, dYdX and IMX surge; Finder panel predicts $14k ETH by 2030

It’s hump and bump day in the Cryptoverse. Bitcoin and the rest of the crypto market have been fluctuating overnight, as per, but on the whole have landed above where we were this time yesterday.

There are some hefty daily gainers, too, including the decentralised exchange dYdX, the Sydney-founded, Web3 gaming-focused layer 2 scaling blockchain ImmutableX and Elon Musk fave, Dogecoin.

We’ll get to those shortly. But first, let’s tap into what comparison site’s panel of experts are predicting this year and beyond for leading layer 1 smart-contract blockchain Ethereum.


Finder’s latest Ethereum predictions

As usual, to form its panel, Finder has called upon more than 50 (56 to be precise) industry specialists with varying bullish and and bearish views.

In finding the average across their predictions for the leading altcoin, here’s what was concluded:

The panel thinks Ethereum (ETH) will be worth US$2,184 by the end of this year, before rising to $6,033 by 2025. It also thinks ETH will be worth US$14,316 by 2030.

At the time of writing, ETH is changing hands for US$1,578.


Some more nuanced, detailed takes from the panel:

• Ruadhan O, creator and founder of Seasonal Tokens, is optimistic for ETH this year and predicts a US$3k ETH this year: “When economic activity starts to pick up, the transaction costs on the Ethereum network will rise,” he claimed. “This will force Ethereum users to buy more ETH, providing additional upward pressure on the price.”

• Ben Ritchie, managing director of Digital Capital Management, thinks it could dip but is on track for a higher level come year’s end: “Recent market challenges have sparked investor concern and may limit the price of Ethereum to reach $2,500 this year,” said Ritchie. “Despite this, Ethereum’s low annual inflation rate is expected to keep the price stable and above $900, even if future market disruptions occur.”

• John Hawkins, a lecturer at the University of Canberra, is meanwhile the panel’s Simon Cowell – its regular über perma-bear – and thinks it’s time to sell ETH: “It was surprising how little impact finally achieving the shift from PoW to PoS had on the Ether price,” he said. “This showed how little impact fundamentals have on crypto prices.”

Some 60% of the panel feel that the crypto is under-priced, however, while 28% think it’s bang on the money where it is right now. Only 12% reckon it’s currently overpriced.

Additionally, almost half of the Finder panel believe  that Ethereum will eventually flip Bitcoin to become the biggest crypto by market cap. And this ties in with the some of the current thinking from institutional cryptos investors we’ve been hearing about lately.


Top 10 overview

With the overall crypto market cap at US$1.08 trillion, up about 1% since this time yesterday, here’s the current state of play among top 10 tokens – according to CoinGecko.

We have to admit, after seeing Bitcoin do a 5% daily dip yesterday, we’re a little surprised to see it hold up so well. (Update: it’s rising quite quickly as we type, too.) Had thought for a moment or two that pre-Fed-meeting jitters might’ve sent it a little lower.

Instead, US stock exchanges might be showing some confidence in a potentially not-so-terrible Fed outlook come 6.30am Thursday (FOMC meeting time). A 25bps rate hike seems the most likely outcome, but it’s Jerome Powell’s rhetoric/outlook that might matter more than the figure. Won’t even try to predict what he’s thinking, so we’ll just have to wait and see.

Meanwhile, scanning the chart above, top meme token Dogecoin (DOGE) is the clear daily winner with a near double-digit pump.

Yesterday we began an article wondering why DOGE hadn’t spiked on the news that Twitter boss Elon Musk revealed intent to include crypto in payments plans on the platform. Guess we were just “early” – as the “gm”-ing crypto crowd like to say.


Uppers and downers: 11–100

Sweeping a market-cap range of about US$9.8 billion to about US$443 million in the rest of the top 100, let’s find some of the biggest 24-hour gainers and losers at press time. (Stats accurate at time of publishing, based on data.)


dYdX (DYDX), (market cap: US$457 million) +23%

Render (RNDR), (mc: US$429 million) +22%

ImmutableX (IMX), (mc: US$581 million) +14%

Fantom (FTM), (mc: US$1.36 billion) +14%

Mina Protocol (MINA), (mc: US$688 million) +11%


Decentralized derivatives exchange dYdX has been surging on the news the protocol has delayed the unlock of its DYDX token for investors until the fourth quarter this year. The exchange announced it in a blog post overnight (AEDT).

Render, meanwhile, which is a metaverse-related project that offers distributed rendering services for 3D models and environments, is up considerably as well. Short of a full “deep dive” into this one, we’re struggling to see why. We’ll come back to it here and update if we find relevant info.

As for ImmutableX, it’s an absolute partnership beast just lately. One of its co-founders, Alex Connolly, covered off much of its recent developments with us in a broad-ranging chat late last week. But here’s some fresh news that might be causing its 24-hour spike.

It has a new product release called Passport, which is essentially designed to be a simple and secure onboarding solution for game studios. Ever Since Immutable’s partnership with GameStop, it’s been doing plenty of said game-related onboarding. 



BTSE Token (BTSE), (market cap: US$478 million) -3%

Convex Finance (CVX), (market cap: US$423 million) -2%

LEO Token (LEO), (mc: US$3.3 billion) -2%

Aptos (APT), (mc: US$2.7 billion) -1%


Around the blocks: German banking giant eyes crypto offerings

Some pertinence and randomness that stuck with us on our morning moves through the Crypto Twitterverse.

There was some decent crypto-adoption news out of Germany overnight. As CoinDesk reports:

“DekaBank, a German lender with 360 billion euros (US$390 billion) in assets under management, joins Societe Generale and Citibank in selecting Switzerland’s Metaco to develop its digital asset offerings for institutional clients, according to a press release.”

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