Business

Can Cryptocurrency Hit $10,000?

ETHEREUM has been on the upswing lately – but what next for the second largest cryptocurrency after Bitcoin?

We reveal price prediction for 2021 – and whether Ethereum can hit $10,000.

Cryptocurrencies have seen some success recently

first

Cryptocurrencies have seen some success recently

NS electronic money, released in 2015, was founded by eight people, one of whom is 27 years old Vitalik Buterin.

In addition to being used as a cryptocurrency, developers can also build applications and run smart contracts on Ethereum.

Interested investors should know that it is not a guaranteed way to make money and you could lose all the money you put in.

In other words, don’t invest more than you can afford to lose or into something you don’t understand.

Cryptocurrencies are also particularly volatile and their value can drop without notice.

There is very little regulation for crypto companies, so you may not be protected if things go wrong.

What is the price of Ethereum?

Ethereum (ETH) price is currently at $4,703.10 – up 2% over the last 24 hours, according to CoinMarketCap.

Ethereum’s all-time high is $4,859.50, traded last month.

What’s more, it’s up from $738 on January 1, meaning it’s jumped more than six times since the start of the year.

But there is no guarantee the price of Ethereum will rise again – or even that it will because the cryptocurrency is extremely volatile.

Before Ethereum started to rally this year, its previous all-time high was in January 2018, when it hit $1,290.

Ethereum price prediction for 2021

It is impossible to know for sure how the Ethereum price will change in the future, but experts and investors still make predictions.

According to a panel of 50 fintech experts on the comparison website Finder, they expect Ethereum to grow to $5,114 by the end of 2021.

Furthermore, they predict that the price will increase to $15,364 by 2025 and then more than triple from that point to $50,788 by 2030.

Meanwhile, Origin Protocol co-founder Joshua Fraser is even more bullish on Ethereum, forecasting that it could hit $10,000 by the end of the year.

“Ethereum is currently hosting an already large but still rapidly growing alternative finance system in the decentralized finance or DeFi sector,” Fraser said.

“Ultimately, Ethereum will be one of the world’s major financial settlement layers. ETH price will reflect this future reality.”

What is electronic money?

CRYPTOCURRENCIES is a form of payment that can be exchanged for goods and services.

CoinPriceForecast It is expected that Ethereum will rise slightly to $4,735 by the end of 2021 and then explode to $12,303 by the end of 2024.

And WalletInvestor has a one-year forecast of $7,311.73 and a five-year forecast of $19,232.60.

However, make sure you take these predictions with a pinch of salt as they are by no means guaranteed.

The cryptocurrency market is influenced by a number of factors, including regulatory crackdowns and comments by prominent individuals.

In other words, Ethereum can also decrease in value, which means you will lose money.

We explain Can Ethereum Surpass Bitcoin? Future.

It comes after the value of Bitcoin and Ethereum dropped in May after China announced a further crackdown on cryptocurrencies.

Also, check out four things you need to know about Dogecoin.

Family Horror When $6 Million in Crypto Could Be Lost EVERYWHERE after a House Fire

We pay for your stories!

Do you have a story for the American team The Sun?

https://www.thesun.co.uk/money/15900005/ethereum-price-prediction-2021/ Can Cryptocurrency Hit $10,000?

Bobby Allyn

USTimeToday is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – admin@ustimetoday.com. The content will be deleted within 24 hours.

Related Articles

Back to top button