Even though Ethereum has been the world’s second-largest cryptocurrency over the years, it seems not to be getting the attention it deserves. Since January 2020, Ethereum has continually made huge gain on bitcoin with a nearly 750% return, yet people seem to be giving all the attention to bitcoin over Ethereum. But with its recent technological advantages, ETH investors could see $4 813 by the end of 2021.
This recent increase in the price of Ethereum, one would easily agree that it might flip bitcoin soon. If you are considering investing in this digital currency, you should know about the recent happening in the big pool of Ethereum.
Ethereum 2021: Better Than Bitcoin
Ethereum has also had its bad times. In June 2016, the infamous DAO hack sent $55 million of ether into the hands of hackers, and that led to a sudden and steep crash in the price of the coin. To further make things worse for Ethereum, bitcoin clones like bitcoin cash and dogecoin came into the limelight to further make Ethereum look like yet another shiny bauble in a massive cryptocurrency soup.
But Ethereum quickly recovered. To handle the DAO hack, the Ethereum community decided to roll back its blockchain to undo the damage effectively. And by 2018, the coin regained its number 2 position. Since then, Ethereum has come up with several technological advantages that gave it an edge over its older bitcoin and altcoin siblings.
Firstly, the cryptocurrency acts more like a contract than a coin. That makes it more like Apple’s Apple Pay and Alphabet’s Google Wallet, rather than a $100 bill. For example, someone shopping in an e-commerce store might hold ETH in an escrow that automatically releases payment whenever he receives goods. Bitcoin, on the other hand, does not offer such a mechanism.
Secondly, Ethereum brings to the table an ultimate solution to the general problem of speed. While bitcoin takes about 15 minutes to complete a transaction, ETH will get it done in less than 15 seconds.
Finally, unlike bitcoin that has a supply cap of $21 million, Ethereum theoretically has an unlimited supply. That means there would never be a time ETH will likely not have coins to reward miners.
Recent Price Development of Ethereum
Ethereum is showing no signs of falling asleep as it continues its meteoric climb. As the #2 crypto play continues reaching new heights and a bigger market capitalization, the full potential of cryptocurrencies is only just being realized.
Earlier this week, ether hit a milestone far greater than what it has achieved through the past few weeks. The coin surge passes $2,000 at the beginning of April and passes $3,000 at the beginning of May – these are major achievements. However, today, the price of ETH has $4,100 a coin and earned a market cap of more than $500 billion.
Looking at this amazing recent price development of ether, it is surprising that Ethereum now worth more than corporate giants such as Starbucks and AstraZeneca. And with crypto experts confidently proposing a $1 trillion market cap for Ethereum, it seems the crypto is only just getting started.
Ethereum Price Predictions: How High Can ETH GO?
Ethereum is not only enjoying the moment, but price predictions about the crypto have also gotten white-hot. Coinpedia thinks readers should hold onto ETH for the long haul, predicting the coin might reach $10,000 valuation in the years to come. Other’s like the Economy Forecast Agency are even more bullish, saying ETH coin might break through $15,000 by mid-2025.
Forbes has done well to spur investor interest in ETH as a long-term investment as well. They are reporting that a panel of experts predict a $20,000 value for Ethereum by the middle of the decade. Thirty-five analysts made their bets on the coin’s price, averaging at just under $20,000. Notably, BitBull Capital COO Sarah Bergstrand has made the very bullish prediction that ETH will hit $100,000 this decade, citing “major upgrades” coming to the platform this year as the catalyst of major gains.
Will Ethereum Flip Bitcoin?
Ethereum is taking the reins of altcoin-fever. And, it’s hard to argue against the crypto reaching Bitcoin level heights as it continues to roll out upgrades and keep users on the edges of their seats. So if anyone is thinking of investing in Ethereum, NOW might just be the perfect time to do so.
However, remember that Ethereum is also as volatile as any other cryptocurrency, so when investing, make sure you consider your risk tolerance for trading highly volatile assets. Get more info about Ethereum and buy your coin from a trusted source. Anycoin Direct is a good place to start. The platform makes purchasing ETH super easy and secure at the same time.
Ethereum is taking the reins of altcoin-fever. And, it’s hard to argue against the crypto reaching Bitcoin level heights as it continues to roll out upgrades and keep users on the edges of their seats. So if anyone is thinking of investing in Ethereum, NOW might just be the perfect time to do so.
However, remember that Ethereum is also as volatile as any other cryptocurrency, so when investing, make sure you consider your risk tolerance for trading highly volatile assets. Get more info about Ethereum and buy your coin from a trusted source. Anycoin Direct is a good place to start. The platform makes purchasing ETH super easy and secure at the same time.