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Ethereum has skyrocketed in 2021, touching $4,000 for a period before correcting to $3K. As the second-largest cryptocurrency by market cap, Ethereum gains wider adoption and shows signs of decoupling from bitcoin. Some analysts predict that with the upgrade of ETH 2.0, Ethereum will reach $10,000 per coin.
When it comes to Ethereum, there are two different kinds, Ethereum Classic and Ethereum. Ethereum Classic is a spin-off from Ethereum and was the result of the decentralization autonomous organization hack. It was originally launched in 2016 and has remained much cheaper than Ethereum until early 2021.
Ethereum Price History
Ethereum (ETH) started the year of 2021 at a price of about $750 and has increased drastically in the past few months. It reached a peak of just over $4,000 before decreasing drastically to about $2,100 by May 23 2021. Despite the sudden decrease for ETH and every other cryptocurrency on the market, there still is hope for investors.
Unlike Bitcoin, ETH is somewhat different as it has better DeFi capabilities and is more energy efficient. Currently, ETH has the second biggest market capitalization of all cryptocurrencies at about $300 billion. Its current trading volume is more than $50 billion. The differences between ETH and other cryptocurrencies allow ETH to keep its strong value, especially after the update of ETH 2.0.
Ethereum Price Prediction
Based on the current trade volume, market cap and the recent decline, the price prediction for Ethereum (ETH) is about $3,200 – $3,400 by the end of 2021. Many other investment firms also have similar price predictions, with WallenInvestor being about $3,700 for example. The market is expected to rebound, but at a slower pace and this includes ETH. All cryptocurrencies saw significant declines in the past few months due to several reasons. They are expected to recover in the coming years as they become more popular, stable and prevalent.
Ethereum Price Prediction 2025
In the past few months, ETH has seen significant gains. ETH peaked at more than $4,000 and has given us a glimpse into how much it could be worth. Unlike other cryptocurrencies, the ETH system can support business contracts. It is also able to create new applications on its platform. Other cryptocurrencies do not have these features and it simply lacks and limits their use.
Due to being more versatile, ETH has much better future prospects. ETH has better price predictions when compared to other cryptocurrencies. Because of this, the end-year price prediction for ETH is about $3,300. The future is very promising considering more and more businesses start to adopt ETH.
Currently, many countries around the world are experiencing severe inflation and currency devaluation. Many currencies have decreased by as much as 90% in the past year alone. Individuals that are looking to curb their country’s inflation rate have started to keep their capital in cryptocurrency wallets. Their switch to cryptocurrencies is stabilizing, securing and increasing the value of ETH and other cryptocurrencies.
Ethereum Price Prediction 2030
The price prediction for ETH for 2025 is about $9,400 and could grow significantly more by 2030. The increase is due to several reasons. One of the main reasons is the maturity and widespread use of ETH in business. Businesses use ETH for transactions and contracts, allowing the currency to stabilize and appreciate with more uses.
The ETH 2.0 upgrade is on the way. The update will further stabilize the coin, increase efficiency and also improve the scalability of the network. With more uses comes more users and a higher price. Due to this, price prediction will be about $18,300 by 2030.
Ethereum Classic Price Prediction
Originally started in 2016 as a split from the normal Ethereum, there are key differences between Ethereum classic (ETC) and ETH 2.0. ETC is more conservative in terms of how the system is run, security, and how the difference in cost. Currently, ETC has a value of about $65 per coin, much lower than Ethereum. ETC has also followed a similar price trajectory as Ethereum. ETC reached a price of more than $100 at around the same time as Ethereum reached $4,100.
The price of ETH and ETC are loosely correlated. The price prediction of ETC in 2025 and 2030 would be $290.45 and $576.50 respectively. The benefits of investing in ETC are similar to ETH, as it is stable, supports contracts and new applications. Many investors see ETC as a cheaper alternative to ETH, with many aspects being equal.
Although all cryptocurrencies, including Bitcoin, Ethereum and Dogecoin in the past month have taken a significant hit to their price. The future for the cryptocurrency market remains strong and shall rebound in the years to come. Cryptocurrencies follow a similar path as the stock market and the overall market increases and decreases in cycles. ETH and ETC have experienced a positive and negative cycle in 2021. However, the cycle is not over and could very well increase by the end of 2021.
One of the most beneficial uses of ETH and ETC is they can be used to support business contracts and new applications. The majority of other cryptocurrencies cannot. Business contracts and applications have several different benefits to ETH and ETC. The benefits are stability, growth and less volatility. Most importantly, a use in business and as individuals look for ways to reduce their reliance on the rapid devaluation of their home country’s currency.
Cryptocurrencies rise and fall, experiencing higher highs and lower lows. But they will always remain on a positive increasing trend throughout the years. Currently, ETH and ETC are in a negative state which has happened after a significant increase. The prices of ETH and ETC are still much higher than when the year started and could rise significantly by 2025 and 2030.