By reading the article “Ethereum (ETH) Price Prediction” published in Adaas Investment Magazine, you will get acquainted with the predictions for Ethereum price in general. This level of familiarity can be enough for you to invest in the cryptocurrency market.
Ethereum cryptocurrency has developed its own blockchain with the aim of providing a suitable infrastructure for performing smart contracts with its proof of work consensus mechanism, which according to the documents published in Ethereum.2 version, its consensus mechanism will change to proof of stock (PoS). ETH token is also very popular among investors and traders in the cryptocurrency market due to their high price growth potential.
In 2013, the idea of Ethereum was introduced by the project’s founder, Vitalik Buterin, and the platform’s initial development team includes Charles Hoskinson, the founder of Cardano cryptocurrency.
In recent years, major upgrades to Ethereum Blockchain have been released to improve scalability and security and reduce fees. One of the biggest Ethereum upgrades is the London upgrade, which by November 22, 2021, had burned more than $4 billion of Ethereum tokens of the trading cycle. This process creates negative inflation for Ethereum and in the long run increases its price.
Following the acquisition of capital by the founder of Ethereum and the launch of this blockchain, Ethereum cryptocurrency was finally listed on the Binance Exchange in late 2017 at a price of nearly $300. The price dropped by 50% just a week after being listed, but due to the high popularity of Ethereum, the price immediately returned to the $300 range.
In January 2018, the price of Ethereum jumped from $300 to its first All Time High of $1400. But just a week later, with the fall in the price of Bitcoin, the price of Ethereum fell 90% to the $100 price level.
From the beginning of 2019 to March 2020, Ethereum was in a price channel between $100 to $300, which finally at the end of March 2020, the upward trend of Ethereum began and reached a price peak on November 21, 2021, and Record $4,900 as its last ATH.
On November 21, 2021, Ethereum is second only to Bitcoin in terms of market volume or market cap. Many cryptocurrency price analysts have predicted an uptrend for Ethereum prices. In the following, we have published the Ethereum price analysis until 2025, stay tuned to Adaas Investment Magazine.
Many analysts have predicted Ethereum prices to rise sharply due to the effects of its latest blockchain updates.
Expected prices vary from $5,000 to $10,000 depending on various indicators, but $7,000 is more reasonable. Many investors attribute the lack of Ethereum price growth to the platform’s very high fee problem. But at the same time, they are hoping to record new price peaks for ETH.
After the price of Ethereum reaches $7,000 to $10,000, there is a possibility of price correction, and for this correction, late 2022 to early 2023 can be a good opportunity for people who want to buy at reasonable prices.
Do not forget that Ethereum is one of the best investment opportunities due to the increasing popularity and use among users as well as large industries such as Decentralized Finance or DeFi, which has the potential to grow tremendously in competition with the Solana and Cardano cryptocurrencies. ETH price correction may keep the price between the levels of $4,000 to $6,000, and this is not unrelated to the price correction of Bitcoin.
By the end of 2023 and the beginning of 2024, one can expect the cryptocurrency market to enter a new bull run after a bearish winter with the start of Bitcoin Halving.
2024 could be an important year for Ethereum to return, and this year one can expect to see a golden cross pattern in ETH’s price chart. In 2024, ETH can be expected to return above the $7,000 price level, after which it will resume its uptrend.
As you can see in the pictures below, Ethereum’s on-chain statistics assure the growth of this platform and consequently its price growth in the coming years.
Following the theory of Bitcoin price increases one year after its last Halving, in 2025, when cryptocurrency projects have become more practical, the Ethereum project can be expected to find its true place in the decentralized finance industry. Or even GameFi and Metaverse, and with the increase of indicators such as network transactions or active wallets, the price of this cryptocurrency will continue its upward trend.
The price that Ethereum can reach in 2025 is $10,000. But note that this price is achieved for Ethereum when it successfully completes all its path and the cryptocurrency market experiences an upward trend as expected.
Many major financial markets analysts, especially in the cryptocurrency market, have predicted an upward megatrend for Ethereum due to the increasing use of smart contracts and the increasing need for an infrastructure provider platform to perform smart contracts. Ethereum is currently working to increase scalability and minimize transaction fees with solutions such as Layer 2 projects or sharding.
Due to the presence of Solana’s young but valuable competitor to Ethereum, many smart contract developers tend to use a blockchain with high scalability, sufficient security, and cheapness at the same time. Thus, the Ethereum 2 platform can be a great choice for businesses in the decentralized finance industry.
Be sure to note that if Ethereum fails to increase scalability and reduce the cost of network fees, very powerful blockchains such as Solana, Binance Smart Chain (BSC), and Polkadot could be Ethereum’s main competitors and devalue this cryptocurrency.
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