Ethereum Price Prediction | CoinCasso Exchange

As fiat currencies fall flat and the crypto coins cement their role as the future of money, crypto values are soaring. While Bitcoin is the undisputed king of the cryptocurrency world, Ethereum is the young prince. It is growing up fast and is in the running to unseat the old guard!

Ethereum – in short

Ethereum is a global, open-source platform for decentralized applications. Ethereum runs on its own blockchain, and its goal is to decentralize a wide range of products and services beyond money.

The brainchild of Russian-Canadian Vitalik Buterin, Ethereum has emerged as a decentralized and secure marketplace of financial services, games and apps. ETH or Ether is the native crypto coin of the Ethereum network. Ether is used to pay for transactions, as a store of value or as an asset to generate other tokens that run on the Ethereum blockchain. 

Ethereum, from its inception in 2014, has been closely tied with the financial sector. Recently, it has gained prominence as a stable foundation for DeFI or Decentralized Finance with decentralized applications (dApps) that automate financial services like lending or borrowing by cutting out the role of the traditional banking sector.

Ethereum Price Prediction

How does it work?

The technology 

The Ethereum blockchain is a decentralized, distributed public ledger where all transactions are verified and recorded. Blockchain transactions are secured by high-level cryptography, and users/miners use their GPUs to “mine” or solve complex mathematical equations. This Proof of Work system allows the person with the right confirmed answer to add a block to the chain that verifies the transaction. In return, the miner gets cryptocurrency tokens –  called Ether (ETH) – from the Ethereum system.

The differentiator

Ethereum allows developers to work extensively on smart contracts, which has been the source of its popularity within the financial sector. Major banks and financial institutions were early backers of Ethereum (with the Enterprise Ethereum Alliance, a non-profit launched in 2017 to bring together traditional financial services companies and the Ethereum blockchain).

Currency Cap

Unlike Bitcoin and some others, Ethereum does not have a cap on the amount of Ether that can be minted. The ETH supply is programmed to increase 4.5% each year, with 2 ETH coming into existence every time a block is made.

Upgrades

Ethereum continuously evolves and grows as per a planned development roadmap with constant updates. The biggest of these will be the Merge or the Docking, which is expected sometime in 2022. The upgrade is a 360-degree change in the underlying consensus model of Ethereum – shifting it from the Proof of Work to the Proof of Stake model. Instead of solving sums to mine ETH, now ETH will be available to people who can claim the block by staking for it.

Ethereum Mining

Ethereum Price History

Launch

Ethereum was first conceptualized in 2013 in a whitepaper by its founder Vitalik Buterin who was just 20 at the time. He worked on the concept till 2015, when Ethereum was finally launched. The work was funded by an online crowdsale of 72 million ETH, which generated around $18 million. 

Since the start, Ethereum, like other cryptocurrencies, has seen more than its fair share of ups and downs. In 2015, it started with a very modest price of less than a dollar and stayed in that range for the first couple of years.

2017 – 2020

December of 2017 proved to be the turning point, and the ETH price broke past $500 and had moved to $1000 by January 2018.

Naturally, this massive jump was followed by a price correction. ETH promptly fell to $640 in a month’s time and started its slow and long climb back to the peak.

2020 – onwards

Similar to the rest of the cryptocurrency world, the pandemic proved to be a boost for Ethereum. Its value soared, and ETH even surpassed (not value) Bitcoin in performance.

As per previous news & forecasts, ETH/USD has grown 100%, moving from $200 to $400 in just fifteen days in July 2020; after that, there was no stopping its bull run.

The upward trend quickened until April 2021, when it reached $2760 before following the rest of the crypto market on a nosedive, which brought it close to $2000. However, the scare didn’t last long, and the climb continued unabated. The Ethereum (ETH) price soared to new heights in November 2021, touching an all-time high of over $4,800.

It is currently trading in the region of $4100.

It is interesting to note that while ETH followed the general cryptocurrency market trends, the reasons for its value increase was slightly different from stalwarts like Bitcoin. It got a lot of great publicity when an NFT was sold for the 38,000 ETH – or $69.3 million. Technical reasons and upgrades also played a part in keeping ETH In the news and in the green.

Ethereum Price Predictions or ETH Price Predictions

Walletinvestor Ethereum price prediction:

According to Walletinvestor, ETH price prediction is optimistic, and the coin is expected to continue the bull rally and end 2021 in the vicinity of $5300. At the very least ETH price will end the year at $5000.

In the long term, Wallet Investor’ average ETH price prediction is:

  • $7,413by the end of 2022
  • $9,711 by the end of 2023
  • $11,646 by the end of 2024
  • $13,506 by the end of 2025
  • $14,907 by the end of 2026

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TradingBeasts Ethereum price prediction:

Using its formula of historical data and a combination of linear and polynomial regressions, TradingBeasts’ Ethereum price prediction 2021 pegs ETH to end this year at a lower note – $3,703 with a maximum price of $4,628.

The long term prediction is more positive but not at the same rate as other pundits are stating. Tradingbeasts expects ETH to close 2024 at $5,860

TradingBeasts long term average ETC price prediction is:

  • $4,121 by the end of 2022
  • $4,448 by the end of 2023
  • $4,688 by the end of 2024

LongForecast Ethereum price prediction:

Another slightly conservative Ethereum price prediction is by Long Forecast. While it shows a steady increase, the gains are modest, with a dip/price correction predicted at the end of 2024. Long Forecast shows a substantial gain with ETH closing 2023 at $11,588; however, by December 2024, this drop to $9,762 and 2025 closes even lower at $6069.

LongForecast long term average Ethereum price prediction is:

  • $9,206 by the end of 2022
  • $11,588 by the end of 2023
  • $9,762 by the end of 2024
  • $6,069 by the end of 2025

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Digitalcoinprice Forecast Ethereum price prediction

Digitalcoinprice joins the general consensus on ETH’s future and also predicts a sustained upward movement on the coin. According to Digitalcoinprice experts, ETH will end 2021 on a high note at $5,938 and might cross $18,618 by 2028.

Their long term Ethereum price prediction is:

  • $7,418  by the end of 2022
  • $8,681 by the end of 2023
  • $10,692  by the end of 2024
  • $12,837 by the end of 2025
  • $14,743 by the end of 2026
  • $18,612 by the end of 2028

Our ETH Price Forecast

There is no doubt that Ethereum will take over the crown from Bitcoin at some point in the future. When this would happen is anybody’s guess. We see a positive Ethereum price prediction for several reasons:

The business model that keeps ETH relevant for current and future businesses: Its smart contract-based features and its popularity in the DeFi landscape ensure its long-term usability. In comparison, Bitcoin is now mostly seen as an asset, much like gold. It’s a great investment but is not used for daily transactions.

The shift to the Proof of Stake model will also position it for the future. Moving to a faster, more secure and green tech will give it more staying power, especially in the face of mining bans that seem to be the trend.

Ethereum’s shift to green tech and its measured research-based approach has already made it a hot favourite with millennials and Gen- Zs looking for cryptocurrencies that fit their life choices. If you would also like to get a piece of ETH into your portfolio, then our easy-to-use crypto exchange platform is a great place to start. Do take a look!

Ethereum Coin With Bull And Stock Chart Bullish

Topics & Questions

What Ethereum price prediction will be worth in 2022?

Ethereum dream run started in the pandemic with an all-time high of $4769 in November 2021. Despite some minor price correction, Ethereum price prediction in 2022 seems to be an assured bull run for ETH. Most predictions seem to agree that ETH will close 2022, priced comfortably over $7000.

Will Ethereum price prediction go up in 2021?

We are at the fag end of 2021, but there is still enough time for Ethereum prices to rise. The end of 2021 could see Ethereum price prediction coming true and ETH ending the second year of the pandemic on a high note.

What will Ethereum be worth in 2030?

A lot! But let us give you some concrete numbers. Coin price forecast pegs ETH value in 2030 to be around $20,000. Priceprediction.net puts Ethereum price prediction at the widely inflated value of $136,168 to ETH by 2030... but who knows, it might come true.

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