We continue to tell you about crypto asset price predictions. ETH is next.
Having gone through many obstacles such as hard fork, criticism of the community, and the emergence of competitive companies, Ethereum cryptocurrency is still the second in the ranking after the king of cryptocurrencies, Bitcoin. At Changelly, cryptocurrency pairs with Ethereum are prevalent and also rank the second in exchange pairs after Bitcoin.
We are now witnessing the triumph of ETH cryptocurrency amid the popularity of the decentralized finance market. The rate of ETH coin is already showing unprecedented success.
Ethereum Price Prediction
What is the future of Ethereum? How does ETH manage to maintain its position after a long time? And why is Vitalik Buterin’s cryptocurrency not going to give up? Let’s plunge into the world of the future Ether and its ecosystem and find out what awaits the second world cryptocurrency in this new Ethereum price prediction.
What Is Ethereum?
Ethereum blockchain is a cryptocurrency that was based on unique technology. The coin was not a classic Bitcoin fork. This digital currency came as a result of multiple attempts to make the best bet as a Bitcoin alternative. One of the prominent advantages are smart contracts. Initially, Ethereum used a proof-of-work algorithm. The developers have already launched Ethereum 2.0 with the proof-of-stake algorithm.
The Canadian of Russian descent, Vitalik Buterin, became famous among like-minded people back in 2011. He became one of the founders and authors of the first print publication about blockchain and cryptocurrencies, Bitcoin Magazine.
Buterin did not limit himself to publications in the magazine, and at the end of 2013, proposed the concept of a platform for creating decentralized applications. With this platform, it became possible to expand the functionality of the network by supporting the scripting language.
However, the community did not support Vitalik’s innovative idea, so he decided to launch his own cryptocurrency. In a few months, the enthusiast gathered a team and organized an Initial Coin Offering (ICO) with his colleagues. The startup received funding in the amount of 31,000 Bitcoins, or about $18.5 million.
The world saw the first version of the Ethereum system on July 30, 2015. At first glance, it did not differ from the Bitcoin network and the mechanism of its operation. Ether is represented by the same blockchain with coin mining and the ability to quickly make a transaction with coins for a small commission, the amount of which is set by the user himself. Miners are still involved in the validation of network blocks and are rewarded for this. Ethereum can also be used as a means of payment in a brick-and-mortar store, but this is not the core purpose of its network.
Anyone can use it as a giant decentralized virtual machine. In other words, in order to get all the advantages of the blockchain to solve your problems, you do not have to create your own network. You can use the ready-made Ethereum system and build apps on its basis.
By the way, we’ve already explained all the basics of Ethereum cryptocurrency in another article. Check out our Ethereum review and discover the world of Ethereum crypto and the overall platform.
Here are some of the ways of Ethereum cryptocurrency usage:
- To pay for transaction fees inside Ethereum’s blockchain
- As collateral for their finance applications like ETHlend, MakerDAO, Nexo, NUO Network, etc.
- As a payment option in numerous stores and service providers.
- As an entry gateway for Ethereum-based tokens, decentralized exchanges (DEX), crypto games, different dApp services, as a reward for bounty programs, etc.
- Speculations from the cryptocurrency trading markets.
Short-Term Ethereum Price Prediction 2021
As we can see, the market is in its bull run now. Recently, the Ethereum price reached $600 point, and it won’t stop. However, if the ETH price drops below $400, it will start moving towards $350-360. A breakdown of the $350 level will be a signal to Ethereum price to move to the $300 and $200 levels.
Look at the graph below. Here you can see the Ethereum price performance in 2020. The graph line is rushed up and shows us the positive trend of the Ethereum cryptocurrency. If the Ethereum price does not go below the $400 mark, the upward movement can be expected. That means that the Ethereum price will reach new heights and might get to the $1,000 point again.
Many members of the crypto community expect Ethereum price to update its all time high (ATH) in 2021. Some even set specific deadlines. For example, a Twitter user under the nickname BitcoinAgile is confident that ETH price will be able to reach the next ATH by November 2021.
The trader who runs a blog under the nickname TraderLenny did not give specific predictions. Instead, he limited himself to an equally humble opinion that Ethereum could show one of the best growth results in 2021. This Ethereum price prediction might be the right one. As we can see, a lot of cryptocurrencies are following the Bitcoin uptrend now.
Ethereum Price Chart
Let’s re-examine the project once again and overview different Ethereum price prediction for 2020, 2023 and 2025 and find key points for the asset value to grow regardless of the cryptocurrency market trends.
Ethereum Price Prediction 2021
In 2021, the price of Ethereum will change in the corridor from $550 to $900. March can be the most unprofitable month, as the price of an asset can fall to $400. In the best scenario, the asset price could reach $1,000 by the end of 2021.
Long-Term Ethereum Price Prediction: 2022-2025
It is expected that during 2020-2022 the Ethereum price will be able to reach the level of $2,480 and hold it until 2025 when the ETH price will get to the level of $3,844 per ETH. It might be ups and downs, as the cryptocurrency market is amenable to fluctuate. However, we will see if this Ethereum price prediction is right in the nearest future.
As for the accurate Ethereum price prediction, the opinions of experts vary. Tom Lee believes that the Ethereum price trend will be a reversal and will subsequently “grow strongly.”
Meanwhile, the Ethereum price prediction by Joseph Raczynski sight (Joe Technologist founder) is different. He expects that Ethereum price trends and predictions in 2021 will be also positive but rise maximum to $2,200. The success of the coin, in his opinion, could be achieved due to the influx of large capital and the fact of talented developers in the team. Both experts are bearish; let’s hope they’re not right in their Ethereum price prediction.
Conclusion: Ethereum Price Prediction
Ethereum is currently reaching new heights. Most experts agree that in 2021 Ethereum price will increase up to $2,000. We believe that Ethereum-based projects and the DeFi market will strengthen the ETH position on the market and provide the basis for further growth. Moreover, the ETH 2.0 implementation can make the technology and its cryptocurrency more attractive. The whole market has a bull run, so the Ethereum price can show us new all time high point at the end of 2021.
What is the Ethereum price prediction in 10 years, in 2030? It is difficult to make an accurate forecast. All experts agree on one thing: the Ethereum price will grow steadily over the coming years. Summing all the above, this is a good asset for long-term investment, which could bring good profit for the people who have patience. HODL?!
If you are not holding Ethereum cryptocurrency, check out our cross-rates and choose the best option to buy Ether cryptocurrency. We provide a few options to buy or exchange your digital or fiat money for Ethereum.
Pros and Cons of Ethereum’s ETH
Obviously, there are advantages and disadvantages of Ethereum cryptocurrency. Here they are.
Pros of Ethereum’s ETH
- Versatility. The platform supports various programming languages and algorithms of varying complexity, and smart contracts are used in different areas.
- Flexibility. The platform is open to improvements, upgrades, updates.
- Publicity. Ethereum has a leader in the person of Vitalik Buterin, details of updates and innovations are announced in advance.
- Accessibility. Ethereum is an open platform for developing decentralized applications. And almost anyone can act as a developer.
Cons of Ethereum’s ETH
- Centralization. Although Ethereum positions itself as a DAO (decentralized autonomous organization), in the case of the network’s hard fork in 2016, it shows that the platform has elements of centralization
- Vulnerabilities. The DAO case shows the platform can skip imperfect projects
Who Has Invested In Ethereum?
Ethereum cryptocurrency attracts the users’ attention more and more every day. Users are ready to invest their money in the second-largest cryptocurrency. Such giants as JP Morgan, Microsoft, IBM, Credit Suisse, Amazon, and others cooperate with Vitalik Buterin’s team. However, some famous investors believed in the project a long time ago.
The co-founder of Ethereum and founder of ConsenSys, Joseph Lubin, may be one of Ethereum’s biggest investors. According to some rumors, Lubin was one of the top buyers in the ETH crowdsale. The sum of investment can be about $10 billion.
Cameron and Tyler Winklevoss, the Gemini cryptocurrency and exchange platform founders, are not only well-known Bitcoin investors. They admit that they are holding Ethereum coins too. The exact sum is hidden, but we all know the Winklevoss brothers’ significant role in the crypto sphere.
Ethereum founder, Vitalik Buterin, is another investor on his own crypto project. The community says that Buterin has almost half of the million ETH. We’re not sure about this figure, but it’s evident that Mr. Buterin has a piece of the pie.
The actor and a big tech-fan, Ashton Kutcher, is another Ethereum investor. He tweeted a lot about both Bitcoin and Ethereum. However, the exact amount of the investment is not clear.
The lead developer of Cardano (ADA) cryptocurrency, Charles Hoskinson, stood at the Ethereum creation’s origins. He entered the crypto world when Bitcoin was only $1. Even though Hoskinson abandoned the Ethereum project, he surely had some ETH coins. Even if he has already sold his part, he was still the great Ethereum contributor in both mental and material sense.
How Has Ethereum Price Changed Over Time?
In terms of price fluctuations, the cryptocurrency market had a difficult year in 2018. It was also challenging for the second-largest market capitalization cryptocurrency. Back then, the Ethereum market cap run over the Ripple’s making Ethereum the second cryptocurrency in the chart – right after Bitcoin.
In 2018, ETH price drop from ~$1,000 to $140. So 2018 was not a year of Ethereum. However, in Q1-Q3 of 2019 Ethereum price changes looked more promissing. So, the ETH price started to grow at $100 point.
The Ethereum price was following the cryptocurrency market trend in 2019 with a moderate growth from $152 to $180 per ETH with the All-Time-High of $351 USD on 26 of June. In August, the Ethereum price began to fall like the whole crypto market.
ETH coin finished its performance in 2019 with a price of $129. In 2020, the Ethereum price has begun to rise. Since the DeFi market boomed in August 2020, Ethereum price tested $400 point.
According to Xangle Research analysts, the volume of transactions on the Ethereum network increased by 61.7% in the second quarter, having shown an annual maximum on June 23. The statistics partially resemble the spike in metrics before the Ethereum price reached its all-time high of $1,420 on January 13, 2018. In contrast to the events of 2017-2018, the current growth in network activity is due to the growing popularity of stablecoins and the DeFi sector.
We are updating the article on January 25, 2021. Since the beginning of this year, the ETH price has been steadily increasing. On January 25, the ETH price reached a new all time high of $1,467.78. ETH price graph looks awesome!
What Factors Affect the Ethereum Price?
Ethereum has been extremely popular on Changelly for a long time, and its story is going on. You can easily swap the most common pair BTC/ETH or any altcoins listed here on Changelly. Moreover, it’s easy to buy ETH cryptocurrency via our partners on the purchase page.
As we already mentioned, the latest peak of 2020 was associated with the interest in the decentralized finance sector. The trend is still rising. The latest Ethereum news is filled with record-breaking news such as the rise of miners’ income or the net’s highest fees.
According to the DappRadar team’s Q2 2020 report, the DeFi market has provided tremendous support for Ethereum. The increased capitalization of tokens deployed within this ecosystem leads to even greater capital inflows and increases ETH’s attractiveness among DApps developers.
Thanks to DeFi, Ethereum once again confirms its status as the leader among blockchain networks in terms of the number of applications. We have already told you all about decentralized finance. Go to the full review of the DeFi market to find out more.
The Launch Of Ethereum 2.0
On November 24, 2020, on the Ethereum 2.0 deposit contract, 524,288 ETH were collected. These coins are necessary for staking and the launch of the first phase of ETH 2.0 – the Beacon Chain. The new version of the network has already been automatically launched on December 1, and any participant in the cryptocurrency industry can become a validator.
Users who want to become validators have two options to participate in staking:
- Traditional staking involves blocking from 32 ETH and launching the validator node independently in compliance with the technical requirements. The blocked ETH will not be available until the launch of Phase 1.5, which will happen in 12-24 months, depending on development speed. After the launch of Phase 1.5, a dynamic lock time will be set to prevent a massive ETH withdrawal – 256 epochs (about 27 hours).
- Delegated staking allows providing available ETH to a staking service provider – a pool, cryptocurrency exchange, etc. There are security risks associated with trusting an intermediary. However, it is possible to participate in staking without having 32 ETH and withdraw locked assets prior to the deployment of Phase 1.5.
The importance of the Ethereum upgrade was emphasized by the researcher of the Messari analytical company Ryan Watkins. He is confident that the transition to version 2.0. will have a greater impact on the cryptocurrency market than bitcoin halving. The coin network update is fundamental and carries some uncertainty.
One of the problems in the Ethereum network, that the upgrade has to solve, is scalability. Before the transition to Ethereum 2.0, the Ethereum blockchain can conduct up to 15 transactions per second. This figure is two times higher than Bitcoin. However, for a large number of users, this speed is not enough. For example, the Visa payment system can carry out up to 24 thousand transactions per second.
The development of Optimistic Rollup will help to solve the scalability problem. According to Vitalik Buterin, the creator of Ethereum, its implementation will take place after the altcoin network is updated. This will increase its throughput by up to 1,000 transactions per second.
By the way, we’ve already talked about all the technical details of ETH 2.0 in our article.
Have you Considered Investing in Ethereum?
You might think – is Ethereum a good investment? Ethereum is the second-largest cryptocurrency, so the answer is yes. Ethereum cryptocurrency is constantly developing, so price stability is guaranteed. By the way, the Ethereum price is not as high as Bitcoin’s. It makes Ether affordable for purchase.
Investing in Ethereum is risky but has the potential to be profitable. Unlike Bitcoin, Ethereum is actually used by companies as a component of software systems.
Ethereum Price Predictions — FAQs
You ask – we answer! We have collected answers to the most popular questions in the Ethereum FAQ.
Is Ethereum Worth Buying?
The demand for Ethereum can be seen both in terms of transaction volume and a number of ETH wallets which hold more than 100 ETH coins. ETH 2.0 is a fundamental reason for the price of the asset to rise. The current levels are optimal for buying ETH with a perspective for the next year: buying ETH now, you can count on a 24% rise in the rate.
Will Ethereum Reach $1,000 Again?
We have already told you about the prospects for the development of the Ethereum price. So, Ethereum has already touched the $1,000 point again in 2021. Waiting for $2,000 and to the moon!
Will Ethereum Go Up in 2021?
Absolutely! We are already seeing an unprecedented rise in the ETH price. Crypto coin continues to grow in the wake of all crypto markets. Follow the future Ethereum price in our price predictions topic.
Should I Buy Bitcoin or Ethereum?
These two cryptocurrencies have the highest market capitalization. Bitcoin was the very first real cryptocurrency, and it has been in circulation since 2009. Ether is a new development, which was born in 2015. Ethereum is faster than Bitcoin. Transactions in Ethereum take a few seconds, not minutes like in Bitcoin.
The Ethereum network also allows you to create other cryptocurrencies or tokens, using the same protocol as for Ether but distributing it on various blockchains that can be public or private.
Sustainable growth will ultimately depend on useful dApps. More and more companies are accepting Bitcoin as a payment method, and more and more services are using the Ethereum network.