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As the crypto market has marched higher this year, Ethereum’s $ETH token has dramatically underperformed. That is, until now.

In the past month alone, the second-largest cryptocurrency is up more than 30% while Bitcoin has traded down 1%. That rally has helped $ETH match $BTC’s year-to-date gains—something that seemed highly unlikely just a few weeks ago.

Now, many investors are wondering where $ETH is headed next, and some believe it’s set for a more than 100% rally to $10,000..

We’ll dive into a detailed analysis of Ethereum and take a look at an ERC-20 presale, TOKEN6900, that some analysts say could be even more explosive.

Can ETH Climb to $10k? BitMEX Founder Says Yes

Amid Ethereum’s recent gains, one crypto industry insider has been banging the drum for $ETH and predicting there’s more to come.

Arthur Hayes, co-founder and former CEO of crypto exchange BitMEX, said in a recent blog post that $ETH is poised to reach $10,000 by the end of the year. That’s up from his earlier prediction that Ethereum would surpass $5,000 this year—something that now looks highly likely as $ETH trades above $4,400.

There’s certainly a strong fundamental case to be made for Ethereum. Whereas Bitcoin is the digital equivalent of gold, Ethereum is essentially a decentralized tech company poised to take advantage of the AI boom. But the $ETH token has stayed relatively flat while stocks like Google, Meta, and Amazon have soared, suggesting $ETH could be severely undervalued at current prices.

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In addition, institutional investors are finally starting to throw their weight behind $ETH. In late July, investors poured more than $2.1 billion into $ETH ETFs in a single week, setting a new record for uptake of these products. Demand for $ETH by companies has skyrocketed as it’s followed Bitcoin’s role as a crypto treasury. And new crypto regulations in the US could pave the way for enabling retirement accounts—a $43 trillion market—to invest in both $ETH ETFs and in $ETH directly.

After the strong price growth of recent weeks, the technical outlook for Ethereum is bright as well. The token has strong momentum, but it has remained below overbought territory according to the popular Relative Strength Index (RSI) indicator.

All of this points to further growth for $ETH in the days and weeks ahead. If it breaks $4,800 and sets a new all-time high by late September, investors may want to watch for the token to make a quick push to around $10,000 later this fall.

TOKEN6900 Prepares for Launch After $2M Presale Raise

Ethereum’s growth is good news for the entire ecosystem of tokens built on this blockchain, including presale tokens like TOKEN6900 ($TOKEN6900) that are now readying for launch.

TOKEN6900 stands in stark contrast to Ethereum. It’s a meme coin that’s bucking the trend of utility-driven value and going all in on hype. It boasts about having no fundamentals other than ‘vibe liquidity’ and bills itself as the ‘crypto presale fantasy’ that investors have been waiting for.

While this might seem like a bold claim, TOKEN6900 has been rolling in early investment. The project has now raised more than $2 million, a huge sum for an all-hype meme coin. With 12 days remaining in the $TOKEN6900 presale, it seems entirely possible that the project could sell out its hard cap of $5 million.

A big part of the reason investors are so hot on TOKEN6900 is likely that the meme coin it’s modeled after, SPX6900, has rocketed to a $1.3 billion market cap in recent months. TOKEN6900 has positioned itself as a natural successor to SPX6900—and claims superiority thanks to having a token supply that’s one coin larger—so investors are betting it can pull off a similarly historic pump.

Early investors in the TOKEN6900 presale can look forward to generous 33% APY staking rewards, upcoming token airdrops, and a huge release of liquidity when the token goes live to facilitate trading. It promises to be one of the biggest meme coin launches of the year, and analysts are already predicting $TOKEN6900 could rocket 100x or more on its exchange debut.

Compare that to Ethereum’s potential 2.2x gain if it jumps to $10,000, and it’s easy to see the magnitude of the opportunity at hand. The TOKEN6900 presale remains open for 12 more days—don’t miss this chance to join before it’s too late.

Visit TOKEN6900 Presale