Former Three Arrows Capital Founder Predicts Ethereum-Dominated Market

Former Three Arrows Capital Founder Predicts Ethereum-Dominated Market
Image Source: NewsBTCBy Sun, 26 May 2024 09:53:42 GMT

According to BlockBeats, ZhuSu, the former founder of Three Arrows Capital, has made a notable forecast regarding the cryptocurrency market's trajectory. He predicts that the upcoming weekend will be a pivotal moment. ZhuSu has disclosed his strategy to decrease his holdings in TAO and MKR, opting instead to acquire LDO at $2.48 and BLUR at $0.467.

Furthermore, ZhuSu plans to sell SOL at $165 and purchase ETH at $3,800, targeting an exchange rate of 0.0434 with an aim to sell once the rate falls below 0.03. He also intends to sell BTC at $69,200 and buy ETH at $3,800, aiming for an exchange rate of 0.055, with a goal of exceeding a rate of 0.07. ZhuSu believes that Ethereum will dominate the market over the next 90 days.

These strategic adjustments and predictions highlight a shift in focus towards Ethereum, suggesting its potential emergence as a leading force in the cryptocurrency market. However, it is important to note that these are predictions, and actual market performance may differ.