Sunday, April 18, 2021

American Actress Lindsay Lohan Targets $100,000 Bitcoin (BTC) and $10,000 Ethereum (ETH)

American star actress, Actress Lindsay Dee Lohan, has recently joined a number of predictors that are bullish about the largest and second-largest cryptocurrency by market cap, Bitcoin (BTC) and Ethereum (ETH).

According to the star actress, Bitcoin and Ethereum have the potential to hit $100,000 and $10,000 respectively someday.

As reported by Forbes, Lohan aired her prediction in a recorded video via the personalized celebrity video website, Cameo, predicting that Bitcoin and Ethereum will continue to climb and signal a return to the high-octane crypto mania of 2017.

Read Also: Vitalik Buterin Defends Ethereum (ETH), Says Bitcoin (BTC) Has Lots of Centralized Middlemen

In the video, the actress told her viewers that Bitcoin price “is going to $100,000” and Ethereum “to $10,000,” wishing everyone “a prosperous 2021 and hoping you all get to drive your Lambos to the moon.”

Celebrity Cryptocurrency Endorsements in the Past and Now

In the middle of the 2017 retail-driven bull run, when the market capitalization of Bitcoin (BTC) was around $280 billion, renowned celebrities such as DJ Khaled, Steven Seagal, and boxer Floyd Mayweather were all talking up various digital currencies.

TV star and heiress, Paris Hilton, also shilled a now-defunct digital token on Twitter and the share price of Long Island Iced Tea gained about 300% after it rebranded itself as Long Blockchain back in 2017,

The return of celebrity crypto endorsements could be an indication that retail investors, who have not been fully involved in the current bull cycle, are about to rush into the market.

Bitcoin (BTC) and Ethereum (ETH) Are Eyeing Higher Highs

A few days ago, the price of Bitcoin (BTC) surged to record a new all-time high of $42,000 before falling to trade at $30,000 area. The cryptocurrency has since resurged and currently changing hands between $35,000 and $36,000 price levels, eclipsing its 2017 highs of approximately $20,000.

Read Also: Founder of Bitcoin Suisse Says Ethereum (ETH) Will Precede Bitcoin (BTC) to Proof-of-Stake (PoS)

On the other hand, Ethereum, the world’s second-largest cryptocurrency, has also managed to print a significant performance alongside Bitcoin. ETH has now surpassed $1,000 for the first time since 2018 and it’s still maintaining the important support as it aims to break above its price all-time high of $1420 recorded in January 2018.

During the price parabolic movement, the market capitalization of Bitcoin crossed $700 billion, pushing Bitcoin up the charts of the largest assets in the world and made it more valuable than Facebook briefly.

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Solomon Odunayo
Solomon has a growing passion for writing, this propelled him to keenly work on Eagles News Media for about two years before delving into the cryptocurrency and Blockchain industry he finds more interesting. He worked as a crypto Journalist and Editor at NewsLogical before joining Herald Sheets, owing to the priceless experience he has accumulated since he became a contributor in the crypto community.

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