It’s been just revealed that there is a new Ethereum-based altcoin prediciton is out. Check out the latest news about the matter below.

ETH-based altcoin new prediction is out today

A popular crypto strategist says that an Ethereum (ETH)-based altcoin flashes signs of bullish exhaustion. The strategist’s forecast for Binance Coin (BNB) and Chainlink (LINK).

The pseudonymous trader Altcoin Sherpa said that the recent uptrend of the blockchain-based rendering protocol Render (RNDR) seems to be over at the moment.

According to the crypto strategist, RNDR’s anemic volume over the last few weeks suggests that traders have lost interest in the project running on the Ethereum network.

“RNDR: I think this one looks tired, expecting much lower prices.

Very few trends are sustainable. Most will go all the way back down, and very few alts outperform ETH over the long run.”

He continued and said this:

“Am looking for shorts…

You can see the one last exhaustion push-up. I think that this one goes much lower. $1 or lower in time.”

ETH in the news

Ethereum (ETH) needs to execute three “crucial transitions” to ensure its place in the future, according to Vitalik Buterin, who is the project’s founder.

Buterin stated in a new blog post that it’s necessary for Ethereum to achieve scalability, wallet security and privacy.

“As Ethereum transitions from a young experimental technology into a mature tech stack that is capable of actually bringing an open, global and permissionless experience to average users, there are three major technical transitions that the stack needs to undergo, roughly simultaneously.”

The notes continued and said:

“The L2 (layer-2) scaling transition – everyone moving to rollups The wallet security transition – everyone moving to smart contract wallets The privacy transition – making sure privacy-preserving funds transfers are available, and making sure all of the other gadgets that are being developed (social recovery, identity, reputation) are privacy-preserving”