Ethereumhappens to be the second maincryptocurrency by market capitalization. Identified for smart dapps and contracts, the Ethereum network happens to be also the bestDeFi hosting network. This has led to its growth in space, making it the primary altcoin. ETH has become a preferred investment asset for investors due to its large ecosystem and potential for growth.
What makes Ethereum so special?
The cryptocurrency invented by VitalikButerin turned out to be something other than Bitcoin: Ethereum is based on smart contracts and is Turing-complete, which speeds up hash time and reduces transaction processing time. Smart contracts that activate the price ethereum system are now widely implemented in the vast majority of blockchain-based applications and environments.
Why are investors betting on Ethereum?
The Ether price prediction by the end of 2018 would be $ 10,000! It’s possible? A few thingsthereare to ponder:
Like any other cryptocurrency, Ethereum is subject to market fluctuations. Although it has withstood the market correction, it fell from the aforementioned $ 1,377 to its current level (around $ 710 as of May 2018) in the face of a decline of almost 40%.
Blockchain and Ethereum-based smart contracts are widely implemented in new startups popping up here and there. Entrepreneurs and app developers rely on the Ethereumblockchain, which means they also trust the currency. There is no reason for ETH to lose popularity and value: its technical characteristics exceed what Bitcoin can offer.
Ethereum price prediction: analysis
Ethereum’s recent performance in the market has been very impressive. The coin hit several new highs in 2020 and climbed to $ 700 for the first time since May 2018. In 2021, it has already managed to pass the $ 1000 for the first time since January 2018. Sentiment for Ethereum still seems optimistic , because the more investors are heading to the second largest crypto asset.
Ethereum (ETH) Price Prediction: Verdict
This happens to be the price ethereum prediction for January 2021. It can be hoped that it has provided you with the guidance you need when trying to invest in it. But you have to remember that this is not about investment advice and you have to make your decision independently after considering each factor.