SharpLink (SBET) Mirrors Optimism for ETH, as Analyst Sees $4,000 Price Surge

We recently published a list of These 10 Stocks Are Flying High. In this article, we are going to take a look at where SharpLink Gaming, Inc. (NASDAQ:SBET) stands against other best-performing stocks on Wednesday.

SharpLink Gaming rose for a second day on Wednesday, adding 9.09 percent to finish at $37.07 apiece, as investors gobbled up shares on expectations that Ethereum prices will soar as high as $4,000.

Assuming the cryptocurrency hits the amount, it would mark a 48-percent upside from the $2,700 price currently. Ethereum touched the $2,800 price at intra-day trading on Wednesday, but slight profit-taking pulled its share price slightly lower.

In a post on X, futures market trading expert Peter Brandt showed a trading chart showing that Ethereum is ready to fly.

“All dogs have their days—woof woof $ETH,” he captioned.

The strong confidence spilled over into SharpLink Gaming, Inc. (NASDAQ:SBET), which expects to become the largest Ethereum treasury holder.

SharpLink (SBET) Mirrors Optimism for ETH, as Analyst Sees $4,000 Price Surge

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Just recently, SharpLink Gaming, Inc. (NASDAQ:SBET) announced that it successfully raised worth $425 million through a private placement, led by Consensys Software Inc. alongside other investors.

According to SharpLink Gaming, Inc. (NASDAQ:SBET), proceeds from the program will be allocated for the establishment of the Ethereum treasury.

Overall, SBET ranks 8th on our list of best-performing stocks on Wednesday. While we acknowledge the potential of SBET as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.