The price of Ethereum is expected to skyrocket to $10,000 by the end of 2021, according to new predictions from cryptocurrency specialists.
ETHEREUM is expected to reach $10,000 by the end of 2021, according to a number of cryptocurrency specialists.
The opinions and price expectations for Ethereum were shared in a recent analysis by Finder.com, which included 42 leading cryptocurrency experts. Martin Fröhler, the CEO of Morpher, predicted that Ethereum would reach $10,000 by December 2021. “Ethereum has the capacity to power the future global financial infrastructure,” Mr Fröhler remarked.
“Ethereum’s price primarily follows Bitcoin’s halving cycles, but that relationship may begin to decouple as time goes on, and as Ethereum continues to discover use cases that Bitcoin cannot achieve,” said CoinFlip creator Daniel Polotsky in the research.
“Its price might then rise at a higher rate than Bitcoin’s.”
Today, the value of the second-largest cryptocurrency by market capitalization increased by 4% to $3,304.17.
Another cryptocurrency analyst, George Trader, who manages the @GeorgeTrader Twitter account, was equally optimistic about the Ethereum price increase.
“Ethereum is still headed to $10k,” he tweeted yesterday.
The majority of the report’s 42 cryptocurrency specialists agreed with this price prediction.
More conservative price projections for Ethereum were included in the paper, with one expert predicting that it will be worth $4,596 by the end of 2021.
However, the expert predicted that it will eventually rise to $10,000 by 2022.
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Ethereum might reach $17,810 by the end of 2025 and $71,763 by the end of 2030, according to the estimate.
CoinPriceForecast, a cryptocurrency trading news service, gave a more conservative forecast for Ethereum’s long-term direction.
Ethereum is expected to reach $4,758 by the end of 2021 and $10,198 by the middle of 2025, according to the site.
WalletInvestor also forecasts a five-year price of $13,961.80 for Ethereum.
Ethereum is aiming to make decentralized finance a reality, and international financial institutions are paying close attention to its progress.
Ethereum developers can also use the platform to create decentralized finance applications and operate smart contracts.
It has progressively increased in price since the London hard fork in early August, which will reduce its energy consumption and transaction fees.
Ethereum started the year at $125.63 and by the end of the year had risen 500% to $729.65.
This website is not intended to provide financial advice. “Brinkwire Summary News” by the journalists who worked on it.