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07/17 13:58

Polymarket and Kalshi Traders Bet Big on Ethereum’

Polymarket and Kalshi Traders Bet Big on Ethereum’s $6K Moonshot

Ethereum ( ETH) has had a bumpy year, tumbling 24% since Jan. 1 and sitting a whopping 48% below its peak price. But don’t count  ETH out just yet—prediction markets are buzzing with optimism. Over on Polymarket, 25% of traders are betting  ETH will hit $3,000 by the end of the month, while  Kalshi’s wagers also show plenty of love for the crypto world’s No. 2 player.
Ethereum’s Future Divides Prediction Markets—$1K Crash or $6K Rally?
Ether’s $306 billion market cap makes up 9.3% of the crypto world’s $3.27 trillion total—but it hasn’t been all sunshine and rainbows. Compared to last month, it’s dipped 0.5%, and it’s a steep 36% below where it stood six months ago, with a 24% drop since the start of the year. Priced at $2,532 per ETH, it’s also trading at roughly 0.02402  BTC. Still, a Polymarket bet with $4.58 million in action 

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