ETH and DOGE Target

Indoviral.online - On 15th April, ETH reached yet another all-time high at $2,540. As investors worry whether Ether could be overbought, experts believe ETH could go as high as $5,000 in the next few weeks. 

While its Market Value (MV) lies at $2,400 at the time of writing, its Realized Value (RV) is at $802. This leaves the MVRV Ratio at 2.99. The last bull run saw this ratio reach 6, which means ETH still has significant upside potential.

Meanwhile, there's no stopping DOGE as the memecoin surpassed Uniswap and Litecoin to be ranked 8th by market cap this week. At one point, it even passed DOT, ADA, and USDT. At the time of writing, DOGE trades at $0.28.

Significant protocol upgrades and developments have contributed to the rise of several altcoins. 

Last week, Zcash (ZEC) announced a set of upgrades termed the Halo Arc in conjunction with the activation of the Network Upgrade 5 (NU5) and unified addresses. These upgrades seek to improve usability and interoperability. This helped push ZEC to $294 last week.

EOS is up by 245% in 2021 as protocol upgrades fuel significant interest. One of those upgrades is the integration of the new EOS PowerUp Model which improves resource allocation on the blockchain. 

Block.one, the team behind EOS, also announced a new testnet called EOSIO in April while Google Cloud posted an article discussing its collaboration with EOSIO. On April 16th, EOS reached a two-year high at $8.8.