First alternative to Bitcoin, Ethereum was first proposed by Vitalik Buterin in 2013 and went live in 2015. Ethereum is the Do It Yourself platform for decentralized programs also known as Dapps- decentralised apps. This cryptocurrency is also based on blockchain technology. It initially started at less than $8 but by 2018 it rose to more than $1400. Ethereum is one of the largest cryptocurrency after Bitcoin. If you are interested in knowing what will be the future of Ethereum continue reading the article below.
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Ethereum Price History 2021
Just like Bitcoin, the price of this cryptocurrency also skyrocketed this year, 2021. As of Friday, 29th October, Ethereum hit an all-time high $4.461.96 bringing its market cap above $520 billion. This was because of two important developments made in 2021:
- Introduction of new algorithm called proof- of- stake.
- Development of DeFi.
Also, one of the factor that leads to Ethereum’s price fluctuation is that it is at the center of Bitcoin’s price action. So when the price of Bitcoin fluctuates, Ethereum’s price will also fluctuate in the same direction as its fate depends on Bitcoin’s fate.
As of today, 10th December Ethereum is at a price of $4112.81 that means it has decreased by 2.41% in the last 24 hours. Currently it is running at a market cap of $487,398,616,773. Right now the price is predicted to surpass $6,500 by the end of the year.
Price Prediction In February 2022
Now, investors are worried about the price fluctuation in 2022. The experts have made positive predictions about. Coin Price Forecast made a prediction stating the price of the coin is expected to rise in the first half of 2022, where it will reach $9,000. But in the second half of the year the price may decrease to $8,200.
One thing that is common to see in all the predictions made by the crypto experts is the fact that the price of the cryptocurrency will rise with no extremal falls. According to the predictions made by the Trading Beasts for February 2022, Ethereum will begin at a minimum price of $3,843.543 which will not be different from the price at the end of December 2021. And that there won’t be much increase in the price the whole year.
But the predictions made by the Economic Forest Agency are quite positive. According to this prediction the price in February 2022 is going to start with $6,937 and by the end of the year it will increase to $16,000!
Note:- Kindly take advice from your financial adviser before taking any financial risk. Evedonusfilm does not provide any financial, legal, or accounting advice.
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