Recognizing the sensitivity of cryptocurrency discussions, regardless of personal opinions or perspectives, it remains possible to explore and forecast the cryptocurrency market’s future.
It is crucial to acknowledge that engaging in the cryptocurrency realm requires careful consideration.
We want to remind you that the best way to ensure you have all the necessary information before placing any bet is to check out the best sportsbook reviews.
These reviews offer a comprehensive overview of various markets, providing intriguing options for gamblers.
Now, let’s delve into the valuation of cryptocurrencies such as Dodgecoin and Ethereum.
End of Year Ethereum
First, let’s discuss the end-of-year price for Ethereum. We will have the opportunity to wager on the future price of the cryptocurrency Ethereum.
|Ethereum End of Year
Oddsmakers have set Ethereum’s over/under price at $2800.50. Over $2800.50 is favored for -130, which indicates an implied probability of 56%.
Digging deeper into the recent history of Ethereum, it has increased by 16% and $360 in the past month. It’s currently sitting at around $2500, and has increased $700 in the last 6 months!
SEC Issues Sudden Warning As Bitcoin ETF Race Primes Crypto For A $17 Trillion Earthquake—Boosting The Price Of Ethereum, XRP And Solana https://t.co/36ZXn0lC99
— Forbes (@Forbes) January 9, 2024
In addition to the last 6 months, Ethereum has increased nearly $1200 in the last year! Ethereum is on the rise and is expected to continue to increase by the end of the year.
Oddsmakers also believe Ethereum is set to increase as they’ve offered -110 odds on the under $2800.50 number.
I would definitely recommend betting on Ethereum to continue to increase, over $2800.50 by the end of the year seems like a safe bet.
Several websites are available for you to wager with; you can even choose to use the newest form of funds transfer, cryptocurrency. We have a list of the best betting sites that accept cryptocurrency as a payment method.
End of January Dogecoin
Another interesting market we are able to wager on is Dogecoin. Oddsmakers have set two separate markets for Dogecoin.
The first market is the price at the end of January and the second is what the price will be at the end of the year.
|Dodgecoin End of January
|Over 9.5 cents
|Under 9.5 cents
Beyond its entertainment aspect, the primary strength of Dogecoin lies in its community.
Enthusiasts are drawn to Dogecoin’s self-mocking nature, but some crypto investors choose to avoid it due to fundamental concerns or only allocate small amounts of investment.
NEWS: Valkyrie Chief Investment Officer says other crypto ETFs could come on Bitcoin’s heels
Could we see a Dogecoin ETF after all?
— 💸💸💸 (@itsALLriskyxD) January 10, 2024
As Dogecoin lacks significant intrinsic value, its valuation heavily relies on its popularity.
While this may result in exciting short-term gains, it is not a dependable strategy for sustained long-term investment success.
The peak of Dogecoin’s popularity is likely behind us as a new trendy cryptocurrency emerges, ready to capture our attention.
I would advise to fade Dogecoin this month and bet Under 9.5 cents for -150 odds at Betonline.
End of Year Dogecoin
In addition to wagering on the price of Dogecoin at the end of January, we can also wager on the price of it at the end of the year as well.
|Dodgecoin End of Year
|Over 11.5 cents
|Under 11.5 cents
This market feels much more unpredictable and thus one we can take advantage of. The odds remain the same if you think it’s going to be over 11.5 cents or under 11.5 cents.
— CoinDesk (@CoinDesk) January 10, 2024
Nevertheless, it appears that the higher projected number represents an increase from the price estimated for January.
I would estimate that it will continue to increase throughout the year. I recommend wagering on the Over 11.5 cents option for this one.
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