KEY POINTS

• Ethereum is predicted to be the next trillion-dollar cryptocurrency. It benefits from a growing dApp and DeFi ecosystem.
• While Ethereum will likely not overtake Bitcoin it is still an excellent investment opportunity. Ethereum has much larger goals than Bitcoin, it is a different kind of investment.
• It isn’t too late to buy Ethereum. Ethereum is predicted to rise exponentially in price, and so it is still early to invest.

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Why Ethereum Is a No-Brainer Crypto To Buy Right Now

If you are new to the world of Ethereum investing, you might be wondering if Ethereum is a good investment, or should I invest in ETH? Well, the easiest answers to those two questions is yes – Ethereum is likely a good investment and investing in Ethereum could pay off big time.

One of the biggest reasons to invest in Ethereum is Ethereum 2.0, an upgrade of Ethereum’s algorithm that will transition it from proof of work to proof of stake. If the transition is successful, it may increase the price of Ethereum immensely. But that’s just one of many reasons why investing in Ethereum could be profitable.

Ethereum has increased significantly since the start of last year, and it shows no sign of slowing down. Experts believe the ETH coin has plenty of growth ahead and that investing in Ethereum is a smart financial decision for the long-term. Therefore, it could be a good time to invest in Ethereum ETH while the coin is performing very well.

In this article, we’ll break all Ethereum-related myths circulating online and help you come to your own conclusion on if you should consider investing in Ethereum.

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So, What Is Ethereum? A Simple Explanation

Ethereum is the most popular open-source platform that employs blockchain technology in the world.

In fact, Ethereum is the second-largest crypto platform by market cap after Bitcoin. Ethereum uses its own token, ether (ETH), to power transactions on the Ethereum blockchain.

But Ethereum also supports different tokens, such as ERC-20 tokens (Binance Coin and Tron both started out on the Ethereum blockchain!).

That said, Ethereum has numerous applications beyond peer-to-peer digital transactions.

Ethereum can be used to create smart contracts, digital agreements written in code that can help users make agreements and payments directly with each other without a third party.

But that’s not all (we’ve barely scratched the surface!). Perhaps, more importantly, is decentralized applications or ‘dApps’, which are distributed in a decentralized manner and built on top of the Ethereum blockchain.

dApps have also fuelled the rise of DeFi (decentralized finance), providing lending, borrowing, trading (though DEXs – decentralized exchanges) and insurance services among a vast number of other things.

All of this activity has created an exciting ecosystem where Ether flows effortlessly.

It’s really not surprising that Palm Beach Confidential editor Teeka Tiwari believes that Ethereum may soon be the next trillion-dollar crypto, and others believe that it may even one day overtake Bitcoin!

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Ethereum Investing: Getting Started

To start investing in Ethereum you first need to register online with an exchange that will allow you to buy and invest in Ethereum.

An exchange broker is an online platform that enables you to buy and sell Ethereum as well as any other cryptocurrency that they have listed.

There are a few simple reasons why investors should consider buying this Crypto right now.

As Ethereum is the second-largest blockchain platform, many crypto experts believe that Ethereum is a good investment compared to other cryptos. Despite all the ups and downs in Ethereum’s history, analysts believe that Ethereum’s price could grow further in the long-term.

One of the factors that will influence investing in ETH is Ethereum 2.0, the second iteration of Ethereum. Ethereum 2.0 will focus on energy efficiency and staking instead of mining. Note that proof of stake involves the active transaction validation and network support by holding funds in a crypto wallet to ensure safety.

Another reason to consider investing in Ethereum is the increasing use of blockchain technology, which attracts more and more successful crypto traders. Such technology can facilitate online payments, loan distribution, and commodities trading.

Why Should I Consider Investing in Ethereum? Well, Ethereum is an innovative technology that can change the whole world. To be more precise, Ethereum has introduced dApps and smart contracts that allow users to make transactions without a middleman. Thanks to the introduction of smart contracts, Ethereum can revolutionize computer programming and digital ownership as a whole.

People will be able to buy different assets from all over the world without dealing with banks and bureaucracy. Ethereum also allows the tokenization of artwork, patents, mortgages, person-to-person transactions, and even voting.

No surprise that according to data provided by the World Economic Forum, up to 10% of the global Gross Domestic Product globally will be facilitated via blockchain technology by 2025.

Ethereum can support not only individuals but businesses around the world by providing improved interconnectivity. This technology can foster innovations, such as crypto-collectables (such as NFTs – non-fungible tokens), blockchain-based healthcare records, sustainable energy sharing, and so on and on.

Because Ethereum is decentralized, it’s believed Ethereum can also help people target censorship and run uncensorable dApps to keep societies informed.

On top of that, Ethereum’s cryptocurrency ETH is one of the cryptocurrencies rising in popularity. The great news is that, unlike Bitcoin, Ethereum is uncapped. There are around 120 million ETH in circulation at the time of writing and this number is increasing.

Here we should note that programmers are also compensated in Ether coins to run the protocol on their computers and help the network remain safe and effective.

Last but not least, diversification matters in the world of trading, which is enough of a reason to invest in Ethereum.

After all, Ethereum is not only a cryptocurrency but an innovative platform for smart contracts, tokens, and decentralized apps.

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Will Ethereum Ever Overtake Bitcoin?

Ethereum is the second-largest digital currency after Bitcoin, and as explained above, there are many reasons to invest in Ethereum instead of Bitcoin. Though both Ethereum and Bitcoin use distributed ledgers and tokens, Ethereum has some advantages over Bitcoin, which attracts traders from all over the globe.

As mentioned above, there are more tokens in circulation than Bitcoin, and it’s easier to obtain ether at a shorter block time. To be more precise, it takes up to 15 seconds to receive ether in a transaction, compared to Bitcoin transactions that can take between 10 minutes and a day.

Because Ethereum has its own programming language, Solidity, it is used not only as a currency and transactions but as a way to run decentralized applications, monetise work, and delegate ownership.

Its unique structure to run smart contracts is actually one of the most important aspects that make Ethereum a good investment option.

A clear example of the importance of Ethereum is the innovative Ethereum Blockchain as a Service, presented by Microsoft Azure and ConsenSys. It allows for financial services customers and developers to have a flexible and safe cloud-based blockchain environment.

Interestingly enough, many crypto games are also based on Ethereum, which makes them an attractive investment option. One of the most popular games is CryptoKitties that allows gamers to breed and trade digital cats.

Will Ethereum get as high as Bitcoin?

Probably not in the foreseeable future, but it could one day be possible. Ethereum and Bitcoin are the two most popular cryptocurrencies. Together they dominate the crypto market. But still, Bitcoin is far ahead of Ethereum. According to TradingView, Bitcoin makes up approximately 42.22% of the total cryptocurrency market’s market cap. Meanwhile, coming second is Ethereum at approximately 19.25%. The gap between the two is enormous.

Looking at CoinMarketCap we can see more clearly how much more Ethereum would likely have to grow in terms of market capitalization to reach a similar valuation.

At the time of writing, Ethereum has a market capitalisation of $408 billion, while Bitcoin is at $894 billion. For Ethereum to reach Bitcoin’s prices, it would have to more than double in value, which will not happen overnight! A big change in people’s perception of cryptocurrency would have to take place for Ethereum to reach Bitcoin.

While Ethereum has been called the next trillion-dollar cryptocurrency and offers a wide range of features not available to Bitcoin, Bitcoin is far simpler to understand. Bitcoin solely aims to become digital money. Ethereum’s goals are much larger and get lost on less technical people.

Further to that, we need to recognise that most crypto traders are not really interested in dApps and smart contracts. What likely interests them is profit, and predictions that suggest Bitcoin can overtake the market cap of gold will keep them hooked on Bitcoin for the foreseeable future.

Bitcoin is more feasible to understand. It’s harder to explain to people why we need Ethereum in comparison to Bitcoin. Therefore, while Ethereum will likely continue to climb in value, expecting it to reach BTC levels might be too much for the time being.

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How Much Could Ethereum Be Worth?

Given that Ether’s main purpose is not to become an alternative to global currencies but to facilitate smart contracts and applications, many experts see a huge potential in Ethereum. Some analysts predict that an ETH token may reach $10,000 and over a trillion-dollar market cap. However, when such predictions could materialize is difficult to say.

Though making crypto predictions is hard, the demand for decentralized finance makes experts believe that Ethereum might rise again. Based on price projections and Fibonacci extensions, Ethereum experts claim it may reach extreme highs in the next five years.

For instance, some predictions suggest that between 2023 and 2025 Ethereum’s potential high might be $25,000, while its potential low might be $3,500. As a result, many crypto traders may take advantage of such price swings.

Price predictions for Ethereum in 2023 are positive. WalletInvestor is very bullish, believing that in 2023 Ethereum could reach $5,149. But Digitalcoin forecasts that Ethereum could reach $4,778 in 2023.

There are Trading Beasts who are conservative with the prediction methods. They predict that Ethereum will be worth $3,879 at the highest in 2023, which feels as if it could be the most reasonable forecast.

And finally, there is The Economy Forecast Agency, which sees Ethereum ending 2023 at a price of $4,701.

The further we get from today’s date, the harder it becomes to find reasonable predictions for how much Ethereum could be worth in 2025. Again, however, 2025 predictions are generally very bullish.

Digitalcoin’s Ethereum forecast for 2025 is a bold $7,476, a big increase from its price today!

The Economy Forecast Agency are predicting a high of $13,899 in April 2025. And last but not least, WalletInvestor’s 5-year forecast – which would technically be for 2027 – predicts Ethereum to reach $14,696.

The lowest prediction for Ethereum is by Anisa Batabyal of Coinswitch who believes it could reach $5,000 by 2030. On the other end of the spectrum, we have the Coin Price Forecast, which predicts that by 2030, Ethereum may be worth between $17,411 and $18,282.

But this is still minuscule in comparison to the prediction made by Brian Schuster of Ark Capital LLC, who in 2020 stated he believes Ether could reach $100,000 in 10 years, according to Blockgeeks.

Year	High	Low
2023	$6,800	$2,500
2024	$7,650	$3,560
2025	$9,150	$4,250
2027	$12,000	$5,550

Will Ethereum go down in 2023?

There will likely be unavoidable dips in Ethereum’s price here and there throughout the year, but generally speaking, many believe the price of Ethereum will continue to go up in 2023.

Traders should also remember that just because Ethereum doesn’t always maintain new highs, doesn’t mean it will continue to go down!

You need to look at it from a more long-term perspective – from the beginning to the end of the year for example. The dips here and there will likely be insignificant in comparison to the bigger picture.

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Who Should Include Ethereum In Their Portfolios?

• Day traders: Ethereum has been known to have multiple-percentage swings in one day, making it a good option for day traders who believe they know what its short-term movements will be.
• Cryptocurrency traders: Ethereum is the second well-known cryptocurrency, and therefore, many crypto traders buy it as part of their cryptocurrency portfolio.
• Blockchain enthusiasts: Since Ethereum is the second major application of blockchain technology, those who have faith in the technology and its potential impact on the tech and financial industries, could consider buying Ethereum.
• Forex traders: The cryptocurrency market is perceived by some as a safe haven for when traditional currencies become too volatile. Since Ethererum is more separated from mainstream markets than other cryptos, it could become the new gold safe-haven for some traders.

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Is It too late to buy Ethereum?

It is not too late to buy Ethereum. Many crypto market analysts appear to be quite bullish on Ethereum and there is a general consensus that it will likely increase in value in the near future.

That said, there isn’t a clear consensus on how high Ethereum can reach.

If that is the case, then buying now could be ideal and you could even call it ‘cheap’.

Does Ethereum have a future?

Yes, Ethereum does have a future. If anything, it is still only just getting on its feet as smart contracts, dApps and DeFi services grow in popularity. There is no urgent reason to suggest that Ethereum will not last for the next 10 or so years. That said, there are technical risks that are worth mentioning. The biggest is that Ethereum has an inflationary nature as it doesn’t have a cap on the total number of tokens that can be made.

What this means is that if a large number of Ether tokens were dumped into the market, it would decrease the value of everyone’s holdings.

Another key technical risk is Ethereum’s 2.0 upgrade to proof of stake. While this would likely make Ethereum even more popular, it is a significant change and if it doesn’t work out, it could be catastrophic to Ether’s price.

And finally, we need to consider Ethereum’s rivals (check ‘Alternatives to Ethereum’ below for more!).

Ethereum was announced in 2015 and back then the idea of smart contracts and dApps was brand new.

Fast forward to today, there are a lot of new cryptos promising to topple Ethereum in what it claims to achieve.

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How safe is Ethereum?

Ethereum is largely considered safe. Like almost all cryptocurrencies, Ethereum uses blockchain technology to ensure itself against attackers.

As Ethereum’s network continues to grow, it will become more secure as having more nodes makes it harder for attackers to manipulate it. This is because the combined computing power of all the nodes on the network will be very hard for attackers to overcome.

However, we cannot avoid not talking about the creation of Ethereum Classic.

In 2016, the network was attacked, and many Ether tokens were stolen. The Ethereum team hard forked the blockchain to create another chain where the hack had not taken place.

Ethereum Classic is technically the original version of Ethereum and what we technically call Ethereum is the newer version. It is worth mentioning that not everyone wanted to migrate to the new version and that’s how we ended up with two Ethereums.

However, it is unlikely that such an event will happen again as the network is more secure now.

Note that many of the hacks where Ether has been stolen did not happen on the Ethereum blockchain, but in cryptocurrency exchanges where tokens are stored in ‘hot wallets’.

To keep your Ethereum safe, store it in your own wallet, not on a cryptocurrency exchange!

How legit is Ethereum?

Despite the promises that Ethereum shows and the support of the crypto development world, it’s not a secret there is a lot of pressure from regulators and banks regarding crypto trading.

In fact, it’s the regulatory pressure around the so-called initial coin offerings that can make any cryptocurrency drop significantly.

Another obstacle is the fact that blockchain technology may be difficult to understand for people who are not traders or developers. Some may fall victim to crypto scams as well.

That’s why proper crypto trading education is essential to help you understand what Ethereum is and how to invest in Ethereum successfully.

Alternatives to Ethereum

If all the risks have you spooked, don’t worry there are many alternatives you can also look into. Even if you’re certain you want to trade Ethereum, you should also know these alternatives well. Some of Ethereum’s biggest rivals today include Polkadot (DOT), Cardano (ADA), Binance Coin (BNB) and EOS (EOS), and Tron (TRX).

Unfortunately, while Ethereum introduced smart contracts, dApps, DeFi to the cryptocurrency community, there is always the threat that any of the above may outmaneuver Ethereum.

These coins could also make good hedges against Ethereum if you are looking to reduce your risk.

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Is Ethereum a Good Investment and Should you Invest in Ethereum?

Most investments come down to the risk vs reward factor. In other words, do the potential rewards of investing in Ethereum outweigh the possible consequences of the risks?

No surprise that thanks to its innovative technology and huge market cap, Ethereum keeps attracting big businesses. On top of that, Ethereum is more affordable than bitcoin.

In the end, though, the pros of investing in Ethereum could outweigh its cons, depending on how you measure them.

Put simply, Ethereum is an investment with lots of potential rewards, but it’s something you should do some research on before you consider adding Ethereum to your portfolio.

Though Ethereum investing can be risky – with tonnes of competitors out there – the truth is that Ethereum has revolutionized the cryptocurrency market and is a great way to diversify your portfolio.

The final decision is down to you. You are the only one to decide whether you should invest in Ethereum or not.

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Will Ethereum Be a Millionaire Maker?

Ethereum already is a millionaire maker and the value of Ethereum is likely to increase further as demand increases.

While Ethereum price predictions are speculative due to the high volatility of the cryptocurrency market, we can simply try to analyze the factors that affect Ethereum investing.

The main factors that influence cryptocurrency investing are supply and demand, and market sentiment. When it comes to Ethereum, it is often considered the number one altcoin.

Sentiment has been fuelled by growing tech innovations and projects. With millions of Ether in DeFi apps, the demand for Ethereum might also keep increasing.

At the time of writing, according to DeFiprime, there are 215 DeFi projects on the Ethereum network, making it the largest DeFi platform.

And the DeFi market, in general, has grown massively in 2021. According to Christine Kim of CoinDesk, the DeFi market grew 150% in the first quarter of 2021.

Plus, most people strongly believe that the release of Ethereum 2.0 could lead to a high increase in demand.

While we can’t turn back time and buy ETH in its token sale to make a fortune, with enough knowledge, investing in Ethereum can potentially become a profitable investment over time.

But please remember, any investment includes some risk. So, only invest what you can afford and do as much research as possible before making a final decision.

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Conclusion: Is Ethereum A Good Investment?

Investing in Ethereum is worth considering. For many, investing in Ethereum has proven to be a great decision.

In 2017, the price of one Ether token was $25, and by March 2022 it had reached $3,409. In five years, the value of ETH had gone up 100 times!

So, if you had invested $1,000 into Ethereum back in 2017, by now you would have had about $100,000 in Ethereum!

So is Ethereum worth buying? Right now, Ethereum is definitely considered a good investment. And, if you are looking to invest in it, now would probably be a good time to do so. While no investment is risk-free, investing in Ethereum has generated more than 10,000% return over the last few years. Whether you’re new to Ethereum investing or just curious about how to make the most of your investment, understanding what to know before investing in Ethereum is critical.

In the end, the final decision comes down to you. What kind of investor do you want to be? Figure out the answer to that question, you’ll definitely know if Ethereum is a good investment!

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FAQs

Here are some of the most frequently asked questions on Ethereum. Hopefully, they’ll help you with any other questions you may still have.

How can I get free ETH?

In most cases, you will not be able to get Ether for free. In most cases where Ether is offered for free, it will likely be too much effort for too little Ether.

There are many ways advertised online where you can get Ether for free but note that many of these methods involve you having to do something, such as participate in surveys or play games (might not be as fun as it sounds!).

You can also explore the possibility of making Ether from persuading people to websites with affiliate links. But none of this is of course for ‘free’ as while you might not be paying for it, you are working for it!

Furthermore, you should also question if you trust such sites – many are likely scams.

Can Ethereum make you rich?

Ethereum could make you rich, depending on the amount you invest and your timing. If it does continue to increase in price over the coming months and years, buying and holding now for the long-term could be profitable.

Do note though that Ethereum is not a get rich scheme and you should not plan on getting rich from trading it.

Is Ethereum a pyramid scheme?

No, Ethereum is not a pyramid scheme. The Ethereum blockchain is decentralized and runs on thousands of nodes across the world. Its decentralized nature means there is no central point of control.

Ethereum is developed by the Ethereum Foundation, Hyperledger, Nethermind, OpenEthereum, and EthereumJS.

Is it better to buy Bitcoin or Ethereum?

Both Ethereum and Bitcoin are expected to tremendously increase in value, so both coins offer very high chances of providing excellent returns. Perhaps for the time being though, Bitcoin may be a slightly better investment option as it is very popular. That said, it may be even wiser to invest in both Ethereum and Bitcoin.

How long will Ethereum last?

Ethereum will last as long as people use it, theoretically. As the Ethereum network is distributed around the world, it will continue to operate until the last node logs off.

Perhaps the biggest threat to Ethereum’s existence is the rise of quantum computing. Quantum computers can perform an extraordinary number of calculations.

Is ETH mining still profitable?

According to Gareth Jenkinson writing for Cointelegraph, yes, mining Ethereum is still very profitable. In fact, because of the rise of DeFi services on the Ethereum blockchain, they may be doing even better than ever! However, Ethereum mining profitability may soon sharply decline once EIP-1559 is implemented and even more so when Ethereum finally switches to proof of stake. So, the clock is ticking for ETH miners.

How much Ethereum is left to mine?

There is no limit on the amount of Ether that can exist. Ethereum is one of few cryptocurrencies where no cap has been set. Though there has been some discussion on this, it seems unlikely at the time being that there ever will be.

When should I sell my Ethereum?

This depends on what kind of trader you want to be – a day trader or a swing trader – and what you consider a good profit.

According to CoinMarketCap, at the time of writing, the 24-hour low of Ethereum is $3,359.95 and the high is $3,435.29. Traders could aim to buy at the low point and sell at the high point, for example.

Whatever you decide to do, it is important to stick to your goals. For many trend traders, the best time to sell is when the price has peaked and appears to have started to decline. (Make sure you understand how the market runs in cycles!)

Can you cash out Ethereum?

Yes, you can always cash out your Ethereum. If you own Ether tokens in a crypto wallet, you can move them to an exchange and exchange them for your currency of choice.

Or, if you have invested in Ethereum via a broker, you can simply just sell it.

There should not be any reason why you should not be able to cash out your Ethereum.

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Beginner’s Guide To Ethereum Investing

Are you interested in Ethereum? Anticipating the year 2023 in hopes that the impact of the ongoing coronavirus pandemic on the financial sector would subside? Then keep on reading to find out what Ethereum is and if investing in Ethereum today is worth it.

Ethereum is a popular investment choice among cryptocurrency traders and blockchain enthusiasts, so we at Trading Education are here to help you understand the complexities of cryptocurrency investing and the secrets to crypto success.

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Key Points

• Ethereum is the second most popular crypto platform after Bitcoin. It is more than a cryptocurrency, it is a platform for dApps and smart contracts, paving the future of decentralized finance and NFTs.
• Ethereum’s native crypto ETH is one of the most traded assets. On the 16th of November 2021, it reached its all-time high of $4,891.
• One of the most anticipated events of 2023 is the full release of Ethereum 2.0. Ethereum will move to proof-of-stake from the less efficient proof-of-work.
• Despite the high competition and volatility, experts are positive about ETH prices and growth in the future. Some even believe that Ethereum could reach $100k in a few years.
• Do your research. Make sure you carefully consider all the factors that affect the price of Ethereum before deciding whether to invest in Ethereum (ETH).

Ethereum Explained, What Is It?

Even if you’re a newbie to cryptocurrency investing, you’ve probably heard of Ethereum and its native coin ether (ETH). It is the second most popular cryptocurrency project worldwide and one of the main competitors of Bitcoin.

Like other cryptocurrencies, it uses blockchain technology, has a public ledger, and decentralization (cutting out the middleman) is at the heart of its ideology.

It uses a proof-of-work algorithm which means mining is required for block validation. (However, it is moving to proof-of-stake – more on that soon.)

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What Is Special About Ethereum?

Ethereum is much more than a cryptocurrency. It’s an open-source blockchain platform that supports the development of smart contracts, decentralized apps (dApps), decentralized finance (DeFi) projects, and an impressive number of tokens.

ERC-20 tokens are created on the Ethereum blockchain, we should mention that many well-known cryptos such as Tron have started on the Ethereum platform.

Ethereum has embraced not only an impressive number of innovative investment opportunities but has the potential to improve different sectors beyond finance.

Some of the areas where Ethereum can lead to tech advancements are gaming, medicine, music, and personal data verification.

Do you remember the craze around CryptoKitties? Well, did you know this iconic blockchain-based game was developed on Ethereum? How cool is that!

So, what is Ethereum in simple words? Ethereum is many things, true! But there’s one main thing to remember: Ethereum is a blockchain project that has transformed the whole investment sector, so ETH will keep attracting investors long after 2023.

How Does Ethereum Work?

While you don’t have to be an IT genius or a Solidity expert to start investing in Ethereum in 2023, it’s good to know the basic principles behind Ethereum.

Let’s see how it works!

Ethereum, like any other crypto platform, is decentralized with nodes being spread across the globe.

This means there are no authorities, no dependence on central banks, and no third parties imposing skyrocketing transaction costs.

In other words, Ethereum allows users to make agreements with each other without using third parties.

Do you want to transfer money or sell goods? Do you want to launch a fundraising project? Ethereum enables all these processes at low costs and fast processing times.

It’s no wonder that Ethereum is considered the king of smart contracts, which are self-executing programmes that reduce the risks of fraud. Because data is stored on the blockchain, users can easily see transactions and manage their data.

Ethereum’s developer team is expanding and setting clear goals to help the system deal with scalability issues, volatile transaction fees, energy efficiency, and bugs.

If things go as planned, Ethereum 2.0 will be fully released in 2023 and Ethereum will transition to proof-of-stake (which is largely seen as a more efficient algorithm for cryptocurrency).

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What Is Ether?

If you find the technology behind Ethereum tempting and think that Ethereum is worth investing in 2023, let’s learn more about Ethereum’s native currency: ether!

What is Ether then? Ether or ETH was created to help programmers support the platform and cover all power costs involved in the process. Ether also acts as the gas used to run smart contracts.

One thing we should note is that ether is not capped, which is one of the pros of investing in Ethereum. In contrast, Bitcoin has a supply limited to 21 million coins.

Interestingly, ETH can be divided up to 18 decimal places. The smallest denomination of Ether is 0.000000000000000001.

Ether was just $0.04 when it was introduced to the crypto community and managed to hit its all-time high of $4,891 on the 16th of November 2021.

Is It Worth Investing In Ethereum Today?

Ethereum is the second-largest and most popular crypto after Bitcoin. It has a market cap of $210 billion, at the time of writing, which makes ETH the second largest cryptocurrency.

2021 was a great year for many crypto investors with cryptocurrencies hitting their new all-time high prices. Ethereum was one of the coins on the rise. Some of the reasons for its upswing were Ethereum blockchain upgrades and the rise of the Defi and NFT projects.

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How Has Ethereum Been Developing Recently?

To understand if Ethereum is worth investing in 2023, we have to stay up-to-date with the latest innovations and crypto news – factors that may turn the cryptocurrency community upside down.

As stated earlier, one of the most anticipated events is Ethereum 2.0.

And guess what: Ethereum transactions have increased to over one million per day!

While there are hundreds of competitors trying to replace Ethereum, with EOS, Tron, and Cardano being among the main rivals of Ethereum, Ethereum is still one of the leading cryptos when it comes to mass adoption.

According to data captured by Bitinfocharts, the number of active Ethereum addresses may be eclipsing the number of active Bitcoin addresses.

Suggesting that soon Ethereum may have more active users than Bitcoin. And at certain points, Ethereum has breached Bitcoin’s numbers.

We can’t ignore the impact of the pandemic. Initially, it looked like it was going to plummet the price of Ether and other cryptos back in March 2020, but it may have actually played a significant role in boosting its popularity.

While stocks and other assets were shaken hard, cryptocurrency became a highly appealing alternative. All in all, the pandemic likely played a big role in cryptocurrency’s 2021 bull run.

Besides, in places where economies are shrinking and inflation is increasing, the trading volume of ETH and other cryptos has jumped up to new highs.

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How Much Will Ethereum Be Worth?

Now when you know more about Ethereum and Ethereum investing in 2023, you might also ask how much it will be worth.

The truth is that nobody can make accurate predictions about cryptocurrency investing as the market is marked by high volatility and uncertainty.

The best thing one can do is to analyze past performance and consider factors, such as demand and supply, market sentiment, crypto news, and anticipated tech innovations.

For instance, the increasing importance of DeFi, as well as the anticipated Ethereum 2.0, may make ETH prices go up – despite the implications of the coronavirus pandemic on global trade and economy.

Can Ethereum Reach $100k?

It is very early to make such predictions, but there are countless experts out there who believe that Ethereum really could reach past $100k. However, when this could happen is hard to say. According to Forbes’s Billy Bambrough, BitBull Capital COO Sarah Bergstrand believes that Ethereum will reach $100,000 by 2025. And in another Forbes article by Billy Bambrough, it was revealed that a leaked Goldman Sachs report suggested that Ethereum has a “high chance” of overtaking Bitcoin as a dominant store of value.

Elsewhere, other experts believe that Ethereum may reach a trillion-dollar market cap.

According to Ark Invest, Ethereum can hit a $20 trillion market cap by 2030, at that target, ETH would be priced around $170,000-$180,000. However, while such predictions are exciting, you should not base anything serious on them. This is primarily because they are so far away and in the years it would take for Ether to reach such a price who knows what could happen.

It is much more sensible to aim for more grounded goals to avoid disappointment.

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Should I Invest In Ethereum?

So, if you are willing to invest in Ethereum, then you should acquire in-depth knowledge about the cryptocurrency market and all the factors that may affect Ethereum’s future and prices.

Additionally, you should do your research and decide if the possible rewards may outweigh the risks. And believe us: cryptocurrency investing can be a risky venture when not done correctly.

Alarmingly, figures show that 90% of traders lose money and quit for good in their first year due to ineffective training and poor decision-making.

But you can be one of the top 10% investors out there. Investing in cryptocurrency can lead to high profits if you know how to play your cards and embrace losses.

What Do I Need To Know Before Investing In Ethereum?

Getting straight to the point, the most important factors to consider before investing in Ethereum are:

• Ethereum does more than transact value, it supports a digital, decentralized ecosystem.
• There is no cap on the amount of Eth that can be made (so it lacks scarcity).
• Ethereum’s transition to proof-of-stake will make it more efficient.
• It is the second-most popular cryptocurrency and second-largest by market capitalisation.

Of course, though, this is a very simplistic way of looking at Ethereum and you need to dig deeper before investing.

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How To Make Money Investing In Ethereum?

Invest sensibly in Ethereum. While it is seen as a killer asset, it is still highly volatile, and many risks could eliminate it.

Firstly, regulation is slowly catching up with Ethereum and all other cryptos and Ethereum has a lot of competition from Cardano, the Binance Smart Chain, and EOS, just to name a few.

So, if you choose to invest in Ethereum, it would be a good idea to hedge your investments and ensure you are nicely diversified.

A wise way to invest in Ethereum is by following the 1% rule, which is to never invest more than 1% of your funds for investing per trade.

Don’t invest 100% of what you have in Ethereum. It will likely stress you out as you might end up watching the price non-stop, stressing over every up and down the price makes. It’s not healthy.

Long-term investing could pay off the best and many traders plan to hold on for the next few years or even decades. But short-term trading could also work out nicely because of Ethereum’s price volatility.

Should You Invest In Ethereum?

Why should you consider including Ethereum in your cryptocurrency portfolio?

Ethereum is considered a strong investment relative to other cryptos. Despite the fluctuations in Ethereum’s history, crypto analysts and experts agree that the price of Ethereum will rise further in 2023 and beyond.

Ethereum 2.0, Ethereum’s second version, is one of the main reasons why crypto analysts are overwhelmingly positive about the future of ethereum and its price performance.

Ethereum is one of the oldest and most established coins in the market. It is the second-largest cryptocurrency and has maintained its rank. The purpose of cryptocurrency is to provide a platform for smart contracts. Ethereum, through its development platform, also created decentralized apps and decentralized finance. Although new cryptocurrencies similar to Ethereum now support smart contracts, DeFi, and dApps, Ethereum remains the pioneer of these innovations. More than 250,000 cryptocurrencies are based on Ethereum’s platform, with some of them being the top in terms of market capitalization.

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So, Is Ethereum A Good Buy Right Now?

Arguably the only thing standing in the way of Ethereum becoming the world’s premiere crypto is the amount of success it is experiencing at present. While that might sound like a paradox, allow us to explain:

As adoption rates leap and prices and transaction fees increase, Ethereum’s competitors are forced to react and capture the market share being squeezed from ETH as a result of these increases. At present, none of these competitors has managed to gain any real traction. However, should ETH experience any setbacks while scaling up, alternatives will be ready and waiting for adoption.

For those who can overlook the current market volatility, the medium and long-term increase in the value of Ethereum simply cannot be ignored. DeFi represents huge upward potential for Ethereum, with notable uptake in recent months from some of the world’s largest multinational corporations, including Coca-Cola and Visa.

At present, the sum total local in DeFi transactions hovers closely towards $5 billion USD, which is approximately 4% of the total value of ETH. The continued interest shown by large corporations suggests that this amount is likely to skyrocket over the next year.

It’s also worth noting that ETH passed the $1 trillion milestone in total transactions at the beginning of 2021. As the volume of transactions increases, so too does wider acceptance of ETH as a legitimate investment – and if Bitcoin taught us anything, legitimacy is great news for any cryptocurrency.

As of now, crypto by its very nature remains a risky investment – but for those who can ride the waves of risk and volatility, the rewards to be gleaned from Ethereum investment are huge.

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Conclusion: What Is Ethereum And Is It Worth Investing In?

With its innovative technology and ideology, there’s no doubt that Ethereum has reshaped the world of altcoin investing. Though Ethereum has had numerous ups and downs, including its notorious split into Ethereum (ETH) and Ethereum Classic (ETC), Ethereum has proven that it’s here to stay. While it’s up to you to decide if you should invest in Ethereum , let’s not forget that many experts are very excited about what might be heading our way before the end of the year.

 

FAQs

Still have questions on investing in Ethereum? Maybe these frequently asked questions will help.

What Am I Investing In When I Buy Ethereum?

You are not just investing in a cryptocurrency, you are investing in a decentralized blockchain ecosystem for applications, financial services, and tokenizing assets.

Ethereum has many more use cases than Bitcoin and is more about leveraging blockchain technology than replacing our current financial system.

How Does Ethereum Make Money?

Ethereum is worked on as a decentralized platform and so several different groups are working on the project.

As a project, Ethereum doesn’t make money for those involved, though some may have significant holdings of Ether.

One of the most important organizations that works on Ethereum is the Ethereum Foundation, a non-profit organization set up in Switzerland

According to Crunchbase, the Ethereum Foundation’s total funding is approximately $18.4 million which was raised over seven investment rounds from 14 investors, including Winklevoss Capital.

It should also be noted that when developers create a new token on the Ethereum network or a new dApp, they need to pay the network in Ether.

The creators of Ethereum do not profit from you owning Ether or when you make transactions. Miners make profits from transactions.

What Cryptos To Invest In T?

Many investors are bullish in hopes in 2023 that things will start going back to normal despite the ongoing coronavirus pandemic.

Some of the top cryptos to invest in 2023 include Ethereum, Bitcoin, Ripple, Litecoin, Tezos, and Cardano. Always do your research and consider risks before you invest in cryptocurrency.

Does Elon Musk Own Ethereum?

Elon Musk said that he owns Ethereum at The B World conference in July 2021. Following the event, Ethereum rose approximately 12%, CNBC reports.

But that doesn’t mean that it’s a good thing. Just because a billionaire can afford to take the risk with Ethereum, doesn’t mean it’s a perfect investment.

And his ability to easily pump up the price of Ethereum goes two ways (just look at Tesla and Bitcoin!) – we could easily see him dump it too.

Will Investing In Ethereum And Cryptocurrency Make You Rich?

Cryptocurrency investing is a risky financial venture that can, however, help you increase your wealth over time.

To make money trading ETH or other cryptos, one should clarify their financial goals, educate themselves on how cryptocurrency works, and invest money they can afford to lose.

What To Do After Investing In Ethereum?

After investing in Ethereum, you may want to diversify your portfolio by investing in similar cryptos, such as Cardano.

You may also want to invest in some hedges or coins that are vastly different from Ethereum.

Once you invest in Ethereum, make sure you keep up to date with what the different organizations involved are doing and how well things are moving along.

Is It Better To Buy Bitcoin Or Ethereum?

Both Bitcoin and Ethereum are excellent investments, and many crypto investors hold them both as they are seen as having the most potential to succeed.

Bitcoin might have more potential to replace gold with many saying it already is digital gold. Because of this, it has the potential to be valued at a much higher price.

On the other hand, Ethereum has more potential and could be used for many more things, which could make it more valuable. On top of that, Ethereum may soon be more efficient than Bitcoin too.

One thing they have in common is popularity, which makes them both secure in both a technological and financial sense.

How Many Ethereum Are Left?

Ethereum has an unlimited supply with no maximum. At the time of writing, there are 122 million ETH in circulation.

As blocks are validated, more Ether is added to the ecosystem. This is the opposite of Bitcoin, which has a maximum supply of 21 million.

Will Ethereum Run Out?

Theoretically, Ethereum should never run out because new Ether tokens are constantly being created and added to the network.

To some, this is a major drawback because it means the value of Ether will rarely be impacted by supply or scarcity. It relies on demand to increase the price, not supply. Meanwhile, Bitcoin has both factors working in its favor.

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Bitcoin has somewhat hogged the limelight recently, with its record-breaking price run that saw it break the $67,000 barrier, but Ethereum also experienced significant gains in the opening months of 2021 and with another major update on the horizon, the world’s second most famous cryptocurrency looks to have a very bright future in the coming years.

As the remarkable bullishness of 2021 fades away, cryptocurrency investors are once again turning to key fundamentals to plan their future investments – and this is one area in which Ethereum is arguably the market leader, especially as attention starts to turn back towards decentralized apps and the potential of smart contracts.

There has already been plenty of noise surrounding the Ethereum 2.0 upgrade and the altcoins shift from a proof-of-work to proof-of-stake consensus mechanism, which are predicted to solidify its position as the top second-generation cryptocurrency and stave off future threats from other up-and-coming altcoins, such as Cardano or Solana.

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All this surely makes it a good call to invest in Ethereum for the long haul, right? In the following Ethereum price prediction, we’ll take a look at what’s expected of ETH in the coming years and how experts see Ethereum 2.0 affecting its position in the wider crypto market.

Ethereum – A Quick Recap

Ethereum was developed by Vitalik Buterin and went live in 2015, signalling a new breed of second-generation cryptocurrencies. Whereas Bitcoin and other first-gen cryptos were limited to being token exchanged, Ethereum offered a whole new digital ecosystem with almost limitless potential.

Of course, you don’t need to be familiar with all of the technical features to invest in Ethereum, but understanding the basics is key to grasping what has made Ethereum the second-biggest cryptocurrency in the world.

One major feature of Ethereum is its programmability. On top of hosting its native token, Ether, the Ethereum blockchain can also be used as a platform for smart contracts, digital apps, games and more. In fact, the Ethereum network is home to several other DeFi tokens.

The Rise Of The So-Called ‘Ethereum killers’

Anyone looking to invest in Ethereum needs to consider altcoins that will potentially compete for market space. Whilst Ethereum continues to be one of the most advanced 2nd generation cryptos, it should be noted that there have been several new arrivals since 2015 purporting to be of a new, third generation. So how might these affect our Ethereum price prediction?

Cardano, Polkadot, and Avalanche are often cited as rivals to Ethereum’s crown as the top blockchain for smart contracts and decentralized apps. Whilst it is true that these altcoins are developer-focused and offer numerous applications, it should be noted that, as of yet, none hold anywhere near the same stability, reputation or market capitalisation of ETH.

Some rivalry is little more than the result of overzealous journalism, as there are key differences in architecture and intent between Ethereum and its so-called rivals. For example, whilst Polkadot is often lauded as an Ethereum killer, it is actually geared more towards users looking to build their own blockchain and/or connect networks together, whereas Ethereum’s central focus is as a platform for deploying smart contracts. As such, the two cryptocurrencies, though similar, are not in direct competition.

Cardano has grown recently, occupying the number four slot according to several prominent exchanges. If there is an ‘Ethereum killer’ to watch, it’s Cardano. However, the ETH altcoin is undergoing its own upgrades so many of its key features are yet to be realized. Only time will tell if it can still rival ETH once Ethereum 2.0 is fully up and running.

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Ethereum (ETH) Price Predictions: 2025 – 2030

According to our Ethereum (ETH) price predictions for the next five to ten years, the leading crypto is estimated to have a strong uptrend. Ethereum can prove to be a solid investment in the long-term (five to ten years).

ETH Price Prediction 2025 to 2030:

Year	Mid-Year	Year-End
2025	$9,675	$10,763
2026	$11,181	$12,187
2027	$13,184	$14,056
2028	$15,029	$15,658
2029	$16,324	$17,242
2030	$18,155	$18,534

2025: Maximum expected price of ETH by 2025 is $10,763.

2030: Maximum expected price of ETH by 2030 is $18,534.

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What’s next: Ethereum (ETH) Price Prediction for 2025

Any Ethereum price prediction is subject to numerous factors – some of which we have touched upon above. Inevitably, given the volatility of the cryptocurrency market,  any forecasting is little more than speculation and can only ever serve to give you an idea of what an asset’s potential for growth might be.

That being said, one way in which accuracy can be improved is by drawing together several Ethereum price predictions and basing subsequent conclusions on the aggregated forecasts.

Of the more optimistic Ethereum price predictions, Coin Price Forecast has ETH reaching $5,700 by the end of 2023 and continuing to rise at an exponential rate over the next few years, potentially reaching $10,763 by 2025.

Perhaps a more realistic Ethereum price prediction can be found over at TradingBeasts. They have ETH trading at $4,047 by the end of 2023, then slowly declining, closing 2024 trading at an average price of around $3,649.

Elsewhere, the Economy Forecast Agency’s Ethererum price prediction points to a more eventful future for the altcoin. EFA has Ethereum performing bearishly across 2023, closing the year at $2,888. The platform then has Ethereum (ETH) peaking at an impressive $7,739 at the end of 2024.

Ethereum ETH price predictions by Experts:

• WalletInvestor predicted that ETH will hit $7,000 in one year and $13,000 five years from now.
• CoinArbitrageBot predicts that ETH will be worth $6,500 in exactly one year and $10,000 in three years.
• CoinSwitch gives a prediction of a $55,00 ETH price in 2023, $9,650 in 2025, and even $15,000 in 2030

How Much Will Ethereum (ETH) Be Worth In Five Years?

As per Ethereum price prediction, the future price of Ethereum (ETH) will be up to $10,000 per token in 5 years! According to forecasts, Ethereum is an excellent cryptocurrency with great potential.

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Looking Further Ahead: Ethereum (ETH) Price Predictions for 2030

According to Ethereum price prediction 2030 and long-term technical analysis, the price of ETH will be worth as much as $25,000 per token by the very end of 2030.

The further ahead an Ethereum price prediction looks, the more inaccurate it is likely to become. This is not a reflection of the analytical platform, it is simply that the speed of which the market changes is almost impossible to map out. This is easy enough to see for yourself – simply look at how much blockchain technology has progressed over the last ten years – and how many platforms were able to accurately predict things.

But long-term Ethereum price predictions can be a good way to gauge current market sentiment and get an idea of how leading platforms believe future events – such as the Ethereum 2.0 upgrade – will affect prices.

Coin Price Forecast is optimistic. Ethereum continues to rise substantially each year between now and 2030, ending up at over $18,534 per token.

Crypto-Rating has gone even further. They have Ethereum potentially topping out at over $100,000 per coin in 2030. Dan Morehead, the CEO of Pantera Capital believes that ETH will reach six figures in 10 years, as does Nigel Green, the founder of deVEre Group, who also predicts that ETH price will hit the $100k mark over the next decade.

A cryptocurrency research firm by the name of Crypto Research Report is calling for Ethereum (ETH) to reach $7,000 by 2025, and $21,000 by 2030.

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Conclusion: Should You Invest In Ethereum (ETH)?

Most Ethereum price predictions suggest that the ETH altcoin can expect to see significant growth over the coming years. Leading analysts vary wildly on their forecasts – but if even the most conservative predictions pan out, anyone who chooses to invest in Ethereum could see decent returns.

The price potential of Ethereum hinges upon the success of the Ethereum 2.0 upgrade. If all goes to plan, it will allow ETH to see off competition from the likes of Cardano and Polkadot and solve scalability issues that have dogged the cryptocurrency since its inception in 2015.

So should you invest in Ethereum? Ultimately, ETH is still the second-biggest cryptocurrency in existence and as such it represents one of the more reliable investments in what is a very unpredictable market. The altcoin has huge potential for growth due to its myriad of applications and, assuming appetite for smart contracts continues to grow, ETH may well prove to be an excellent investment over both the short term and long term.

With the majority of Ethereum price predictions pointing to significant growth, now could prove to be a good time to invest in ETH. However, if you are new to the market, you might not know exactly how to add Ethereum to your portfolio.

Fortunately, due to its very nature, the cryptocurrency market is highly accessible and all you need to get involved in is an account with a reliable broker. For this, we recommend eToro – one of the leading retail brokers on the market. Here, you’ll not only gain access to the crypto markets, but you’ll also have some of the industry’s leading tools and metrics at your fingertips.

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FAQs

Should I invest in Ethereum?

If you’re looking to invest in cryptocurrency, then Ethereum is definitely a good option. Second only to Bitcoin, Ethereum arguably boasts the most versatile blockchain infrastructure and as such has a great deal of potential. If you do choose to invest in Ethereum, however, you’ll want to keep an eye on developments surrounding the Ethereum 2.0 upgrade.

What are Ethereum price predictions for 2025?

Most Ethereum price predictions for 2025 and beyond point to significant growth, but they tend to vary on exactly how much. For example, Coin Price Forecast believes ETH can reach $10,763 by 2025, whilst TradingBeasts has it no higher than $5,610.

Where can I invest in Ethereum?

Thanks to the plethora of brokers and exchanges available online, it’s never been easier to invest in Ethereum. For new investors, eToro is one of the top platforms currently on the market, as it offers the latest trading tools along with plenty of educational resources to help you get started.

Will Ethereum ever overtake Bitcoin?

On paper, Ethereum is a far more advanced cryptocurrency than Bitcoin, as its blockchain can support smart contracts and Dapps – something the original cryptocurrency cannot. However, ETH has a long way to go before rivaling BTC for the top spot.

What will Ethereum cost in 2025?

According to our technical analysis, at the end of 2023, ETH prediction should show great potential and could cross $5,000 as long term increase. Hence in the long term, Ethereum price may have a large fan following bringing the ETH’s price to $10,000 by 2025.

What will Ethereum be worth in 2030?

In terms of price, Etheruem has an outstanding potential to reach new heights. It is forecast that ETH will increase in value. According to specific experts and business analysts, Ethereum can hit the highest price of $150,000 till 2030.

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Have you considered buying Ethereum? If you are struggling with this dilemma, then you have come to the right place. This guide gives you everything you need to know about investing in Ethereum (ETH) . By the time you are done reading it, you will be in a position to make an informed decision.

Like other cryptocurrencies, Ethereum is highly volatile, and losses can go into the double digits within a very short time. However, when looking at it as a long-term investment, Ethereum (ETH) is worthy of buying in 2023.

While ETH is a large-cap crypto (the second-largest cryptocurrency by market cap), Ethereum has a lot going for it that it can still rally off current prices. This makes it a perfect choice for investors just getting into crypto and looking for a mix of growth and stability.

Just to give you a sneak peek of what to expect, this guide takes you through the advantages and potential risks of Ethereum, a comparison with Bitcoin, and a couple of reasons why Ethereum is a good investment.

Essentially, once you are done, you should have a clear YES or NO answer to the question, “Is Ethereum worth buying?”

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So, What Exactly Is Ethereum?

Ethereum is the second-largest cryptocurrency by market capitalization and home to a thriving community of developers. The currency was created as an alternative solution for online payments. Still, it has since expanded beyond this purpose into application development with smart contracts that are used in all industries. You can use Ethereum anywhere there’s an internet connection and develop smart contracts for anything you dare to imagine.

Is Ethereum Worthy Of Buying?

It is important to note that it is not always ideal to invest in crypto assets, including Ethereum, crypto investment can lead to unexpected outcomes. It would be unwise to invest in Ethereum if it is on the verge of depreciating, at least not for the short-term.

Ethereum remains a high-risk investment. Even at times when you think the market has been bearish long enough and can’t go down any further, it can always drop much further. The wise thing to do is to look at Ethereum as a long-term investment.

Should You Buy Ethereum?

Despite its massive adoption and being the dominant Dapps platform, Ethereum’s adoption, especially at the institutional level, is still much lower than that of Bitcoin. Ethereum also has many competitors coming up, a factor that has kept some investors away.

That said, Ethereum has proven to be one of the best investments over the past decade. It went from under a dollar at launch, to a high of $4800 in November 2021. Adoption continues to grow, too, an indicator that Ethereum’s price still has a lot of room for growth despite the recent correction.

Analysts are pretty bullish on Ethereum, too. For instance, according to Cathie Wood of Ark Invest, Ethereum has the potential to trade between $170,000 and $180,000 by 2030. Cathie Wood’s prediction is based on Ethereum’s potential to replace the conventional financial system.

There is lots of optimism around Ethereum in the short term as well. For instance, research by FSInsight projects that Ethereum could trade at $12,000 within the second half of 2023. The projection by FSInsight is based on the increased interconnection between cryptocurrencies and technology stocks.

With such optimism around Ethereum and the cryptocurrency market as a whole, 2023 seems like a good time to jump on the Ethereum bandwagon. That said, it is important to remember that Ethereum is a speculative asset, and it is always best to invest what you can afford to lose.

Crypto investors believe that Ethereum (ETH) is worth buying today compared to other coins in the market. They believe that the value of ETH will grow further this year.

Let’s quickly look at some of the reasons why Ethereum could be or could not be a good investment for you.

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Why Buy Ethereum (ETH)?

The reasons we will discuss below should not stop you from doing your own research on Ethereum. ETH is a highly volatile asset and can go in any direction at any time.

Ethereum is the second-largest cryptocurrency by market capitalization and is also one of the most adopted. On this basis, there is a valid reason to believe that in a bull market, Ethereum could do well.

While we generally think that Ethereum makes for a good investment right now, we do not guarantee that you won’t lose your money. Being a speculative investment, it might not be a good option for you if you are risk-averse.

Now let’s take a more indepth look at some of the reasons why we believe Ethereum could be a good investment today.

Ethereum is deflationary

What gives value to any asset is its level of scarcity. If you have an asset whose supply is so high that pretty much anyone can get it, then it loses its monetary value. It’s just simple economics.

It’s on this basis that Bitcoin has gained so much value over a very short period due to its low supply. Using this rationale, Ethereum is a pretty good asset to buy, too.

That’s because, since August 2021, Ethereum has become a deflationary asset. The more Ethereum is adopted, the more of it is burned as gas fees. Given that Ethereum is gaining fast adoption, especially in DeFi, its deflationary nature is likely to drive upside pressure all through the year.

Ethereum is in the process of a major upgrade.

For years, there have been concerns about Ethereum’s usability. These issues are based on Ethereum’s high gas fees and inability to scale. In fact, a lot of its competitors have sprung up, all capitalizing on the twin Ethereum issues of fees and speed.

However, since 2020, Ethereum has been working to deal with these two issues by transitioning to Proof-of-Stake. Once complete, the transition will see Ethereum transactions rely less on the mainnet and more on layer-2 solutions.

Ether is a liquid asset

Being the second-largest cryptocurrency by market capitalization, Ethereum also happens to be one of the most liquid. This means you can buy and sell at any time, depending on your investing strategy. It also means Ethereum is less prone to market manipulation through the trading activities of a few big players.

Ethereum’s popularity is growing.

Ethereum continues to draw a lot of investor attention thanks to its position as the second largest cryptocurrency. Over the last two years, Ethereum has seen widespread adoption not just by retail investors but also by institutions. Today, even major investment banks like Goldman Sachs have Ethereum trading desks, among other Ethereum-focused products.

As more financial services are moved to the blockchain, Ethereum adoption is likely to get even bigger. This also means its price could rally due to the increased demand.

Ethereum could be the future of money.

A few years ago, the prevailing perception was that cryptocurrencies are risky and mainly used by criminals. Today the perception is much different. There is growing acceptance that cryptocurrencies could indeed be the future of money.

This is a big deal, as it means potentially higher levels of adoption than ever witnessed before. For Ethereum, which is the second-largest cryptocurrency, the potential is even higher. That’s because aside from its market visibility, Ethereum is also a platform for digitizing any financial service.

All this gives it a lot of potential to rally in 2023 and dwarf any highs it has made in the past.

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What Are The Risks Of Investing In Ethereum?

Although Ethereum has proved to be a promising investment opportunity, it has several caveats that might make you take a pause. From the infamous DAO hack in 2016 that saw investors lose up to $55 million to hackers, to the fact that the price could drop in a blink of an eye, you might want to reconsider your decision.

Unless you are investing in government paper, all investments carry risks. The risks are even higher for Ethereum since it is a cryptocurrency, a market that is known for its extreme volatility.

To help you invest from the point of information, here are some of the risks to investing in Ethereum.

Ethereum is a highly volatile asset.

Just like every other cryptocurrency, Ethereum is a highly volatile asset. This means you should expect double-digit price swings at any moment. Ethereum’s price volatility is easily noticeable in its price action between November 2021 and the end of July 2022. In November 2021, Ethereum was trading at $4800, but by the end of July 2022, it was trading at $1500.

That’s why we recommend that you do your research and involve experts before investing. It can help you mitigate the risks that come with such extreme volatility.

Cryptocurrencies are not regulated.

Lack of regulations is a double-edged sword. Without them, innovation thrives, and that is good for asset prices. On the other hand, it is an environment perfect for criminals to thrive. You can easily lose all your Ethereum to fraudsters, and there is very little you can do about it.

You are vulnerable to exchange hacks.

This is closely related to the risk of no regulations. Since most cryptocurrency exchanges are not under the watchful eye of regulatory bodies, you could lose all your Ether if an exchange is hacked.

Up to this point, you may have the feeling that most of these risks are manageable with a little prudence on your part. That’s because its true. You just need to have the right information, and most of these risks would be eliminated.

For instance, to avoid falling into the hands of exchange hackers, you can opt to store your Ethereum in a cold wallet. No hacker can access them there since your Ether is not connected to any internet network.

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What will ETH be worth in 2023?

While Ethereum started 2022 deep in the red, that doesn’t mean that it will be bearish all through the year. There are many instances when Ethereum has dipped only to double or even triple in value a short while later.

For instance, between January 2020 and February 2020, Ethereum rallied from $123 to $359. It then dropped to a low of $132 towards the end of March. Shortly after, it gained upside momentum, and by the end of December 2020, it was trading at $1030.

This means if you can brave the volatility, Ethereum will always be a rewarding investment.

With this background in mind, what can we expect from Ethereum in 2023? To help you plan your investments much better, here is what analysts expect of ETH coin in 2023.

• According to Coinpedia, Ethereum could trade at an average of $6,500 to $7,500 in 2023. However, if the transition to Ethereum 2.0 is a success, Coinpedia expects Ethereum to test a high of $12,000 within the year.
• Ian Balina, the founder of Token Metrics, believes that Ethereum could test $8,000 in 2023. Ballina is betting big on Ethereum’s improving metrics and growing adoption.
• According to Bloomberg Intelligence analysts, Ethereum could end 2023 at around $4,000 to $4,500.
• The Economy Forecast Agency also expects Ethereum to end 2023 around the $4,000 to $4,200 price level.
• On its part, Wallet Investor expects Ethereum to trade at $5,812 by the end of 2023.

Most of these forecasts suggest that Ethereum could make new highs by the end of 2023. Essentially, analysts expect Ethereum to remain volatile, but its future to be brighter than ever before.

Essentially, even though analysts expect Bitcoin to remain the most dominant cryptocurrency in the market, the consensus is that Ethereum will give higher gains.

With the price of Ethereum still low, it could be a good time to invest in this cryptocurrency. The digital currency could eventually rise higher than expected and hit new records by year-end.

Ethereum’s growing adoption has also led to some pretty optimistic price targets for 2023. One of the more optimistic ones is Bernado Schucman of CleanSpark, a software company based in the U.S. With the growth of DeFi, Schucman believes that Ethereum will reach $20k by the end of 2023, thanks to new projects and adoption within this ecosystem.

This viewpoint is shared by Simon Peters of eToro. The expert believes that with the demand for Ethereum Tokens on the rise, there’s less supply to go around. This could mean higher prices in the future. However, unlike Schucman, Peters does not have a specific price target for Ethereum.

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Is Ethereum Mining Profitable?

As for today, mining Ethereum has been profitable and this profit appears to be increasing at a steady rate. The cost of mining Ethereum is much lower than that for Bitcoin, because cheaper graphic cards can be used. However, even mining Ethereum has proven less profitable over the last few years.

It is also noteworthy that the transition to Ethereum 2.0 is almost complete. Since Ethereum 2.0 is Proof-of-Stake, Ethereum mining is set to become obsolete this year. It is pointless to invest in an Ethereum mining rig at this point.

Is Ethereum Better Investment Than Bitcoin?

There really is no way to tell which one is better between Bitcoin and Ethereum. Bitcoin is the largest cryptocurrency by market capitalization, so some may argue that it is better. Others may disagree because the only reason why Bitcoin leads is due to its first-mover advantage.

The latter may be a plausible argument because Ethereum is better than Bitcoin in many ways. Ethereum is one of the most sophisticated cryptocurrencies out there. It is more than just a cryptocurrency and is akin to a global decentralized computer. Ethereum’s nature has seen it grow and dominate the decentralized applications market, an area to crypto where Bitcoin has very limited use.

On top of that, Ethereum mining has been profitable for much longer than Bitcoin. This has allowed small investors to take part in it, compared to BTC mining which is now consolidated among a few large players.

Ethereum’s tokenomics are also better than Bitcoin’s in driving adoption. Since Ethereum has a flexible supply, it is much more efficient for those looking to use the Ethereum blockchain in creating Dapps. While it is an advantage, critiques see it as a weakness and why Ethereum may never surpass Bitcoin’s market cap.

However, this argument, too, may not hold water for long. That’s because, now that Ethereum is almost fully transitioning to Ethereum 2.0 it will be deflationary. This means the more it is used, the more tokens are burned. It’s a factor that could see Ethereum Flippen Bitcoin in the future.

Ethereum is better than Bitcoin in many ways. However, Bitcoin is still the number one cryptocurrency by market cap. As such, it will keep drawing in most of the new money getting into cryptocurrencies. On this basis, it would be best to hold both rather than choose one between them.

That said, there are indications that Ethereum has an edge in terms of potential price growth. For instance, data indicates Ethereum trading volumes are rising faster than Bitcoins.

This is a signal that a lot more people are involved in the Ethereum ecosystem than Bitcoin. It is a positive signal to anyone who wants to buy Ethereum today.

As more Dapps choose Ethereum as their launch platform, ETH demand will grow. This increases Ethereum’s odds of profitability when compared to Bitcoin.

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Will Ethereum’s Price Rise In 2023?

Analysts are in consensus that Ethereum’s price will go up in 2023. While no one can say how high Ethereum can go with certainty, the future looks promising. Ethereum could surpass its previous all-time highs this year.

Further to that, the Ethereum community is growing day by day, and Ethereum could become the most useful cryptocurrency in the world when Ethereum 2.0 is finalized.

We can never be too sure when it comes to price predictions, but the future of Ethereum looks very promising.

Is There A Possibility Of Ethereum Failing?

At this point, the chances of Ethereum failing are pretty low. If it did not fail after the 2016 DAO hack, the odds of failure are now close to zero. Ethereum now has depth both in terms of investors and the number of projects running on top of it.

The only thing likely to happen is that competitors could take a portion of its market share. However, supposed “Ethereum Killers” have been around for a while now, yet Ethereum’s dominance in the Dapps market remains strong.

Will Ethereum Go Up?

Ethereum may have started 2022 with a slight correction, but it is still strongly bullish when you zoom out the charts. Just 15 months ago, Ethereum was trading at $600. By November last year, Ethereum was trading at $4800. Even at the lowest point of its recent correction at $2400, Ethereum was still much higher than its late 2020 prices.

Ethereum’s current price, still way off it’s all-time highs of $4800, is due to recent fears of a rate hike in the US This saw all cryptocurrencies take a hit as investors fled from risky assets.

However, Ethereum and the cryptocurrency market as a whole has bounced back, an indicator that the rates hike fears have been priced into the market. Besides increased positive momentum in the broader market, several other factors indicate that Ethereum could go up in 2023.

Below are some of the factors that could trigger an Ethereum price increase in 2023:

• Web 3.0 Innovations on the Ethereum Blockchain
• Successful transition to Ethereum 2.0

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Is Investing In Ethereum A Good Idea?

Overall, Ethereum seems like a pretty strong investment in general as it combines good growth, excellent fundamentals, strong adoptions, and industry tailwinds, while its market position is strong as well.

Save for a dip that started in early 2022, Ethereum has been in a bull rally for over a year. Since bear markets don’t last forever, Ethereum will likely gain value in 2023.

Besides the speculative aspect, Ethereum adoption is on a growth trajectory. Since the prices of coins and most other assets rely on the growing demand for the underlying asset, Ethereum adoption in DeFi and other markets is a positive indicator for ETH.

Analysts are pretty bullish on Ethereum, too. They are betting on Ethereum’s position as the second-largest cryptocurrency by market capitalization and its growing adoption in Web 3.0 applications. Since analysts influence the cryptocurrency market as opinion shapers, their nod is a positive signal for Ethereum.

The main reason likely to drive Ethereum adoption is its increased adoption in web 3.0, which is drawing some of the best developers globally.

Ethereum is also likely to benefit from its shift to Ethereum 2.0, which has introduced staking and makes Ethereum more usable for Dapps development.

An example of Ethereum’s usage in Web 3.0 is Compound. Compound is an ERC-20 token that empowers community governance of the Compounds protocol. The Compound protocol enables users to borrow and lend COMP and other cryptocurrencies without an intermediary. The Ethereum blockchain secures all this. At the moment, $7.47 billion worth of ETH is locked up in Compound.

This is a big deal as it is a positive indicator of the growing demand for Ethereum in the fast-expanding DeFi market. It is a confidence boost for anyone thinking of investing in Ethereum in 2023 and for years to come.

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Conclusion

As long as Ethereum maintains its position as the top Dapps platform, especially in DeFi, it will likely remain a profitable crypto asset.

If you are still undecided, we recommend doing more research until you are sure this is what you want to do.

That said, we do believe that Ethereum is a good investment in 2023 and beyond.

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Crypto analysts believe that Ethereum value can actually reach six figures. For instance, according to Crypto Rating and based on the opinions of experts Dan Morehead and Nigel Green, Ethereum can actually reach a value of $100,000 by 2030. DigitalCoin, on the other hand, estimates that the highest value that Ethereum might have in this decade is $13,385.61, by 2030.

Since its release in 2015 Ethereum has experienced ups and downs, proving that it is a volatile cryptocurrency. Ethereum reached its record-high with a value of $4,891.70 on the 16th of November 2021. But what should we expect for the value of this decentralized platform by 2030?

Even though we can never correctly predict the future value of a cryptocurrency, it is generally estimated that Ethereum can steadily increase in value throughout the decade.

However, we must mention that the future price of Ethereum also depends on the rate at which other competing cryptocurrencies are growing too.

With the Ethereum asset currently priced at $3,775, Will the crypto asset be worth thousands of dollars in the coming years? Or will it be surpassed by other altcoins such as Binance Coin (BNB) which is already competing with the digital coin in the Decentralized Finance (DeFi) space?

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Ethereum: What Is It?

Ethereum (ETH) not only serves as digital currency but technology as well.

It is an open-source blockchain for conducting transactions. Normally referred to as DAPPS (Decentralized Digital Applications) or smart contracts, Ethereum’s blockchain technology would in the near future help in transforming industries in social media, e-commerce, education, healthcare, legal and telecommunications.

How Did Ethereum Become Bitcoin’s Best Competitor?

BTC and ETH are the top two most popular and largest cryptocurrencies by market capitalization. There are several “altcoins” which were developed after Satoshi Nakomoto’s blockchain innovation became a hit among investors and took the whole financial sector by storm, most of them failed.

ETH has come this far by putting several measures in place year in and year out which has seen the digital asset survive and have a fair share of the crypto market.

Ethereum has always played a secondary role to Bitcoin since the inception of blockchain technology but has been able to diversify its operations in the decentralized finance world by upgrading its platform from Ethereum 1.0 to the continuous development of Ethereum 2.0 which allows more altcoins as well as DeFi protocols to be created.

Diversification

Founder Vitalik Buterin and his team have been able to adhere to one of the major themes or central core of investing which is to diversify risks. Instead of thriving on Bitcoin’s model of making gains in the market through speculation, news in the media or shilling (when people who own a particular coin write insightful news articles about the asset in order to boost its demand and thereafter increase in price), Ethereum makes money from a number of ways such as cost of transaction.

Ethereum controls more than 94% of the Decentralized Finance (DeFi) space and as a result several developers and traders use its platform to lend, borrow and invest. Constant usage means more transaction fees and more money for the digital asset and its blockchain network.

Popularity and Fans (Developers and Traders)   

Ethereum (ETH) like BTC thrives a lot on its popularity. Thriving on the fruits of this popularity, interest in the coin has gone through the roof which has seen the asset record a trading volume of $12bn in the last 24 hours as a time of writing this feature article.

This means that ETH has provided a gateway for other coins to be traded, unlike other altcoins which could not do much to command a great trading price for other tokens to survive.

Many novice investors are now starting to invest in crypto and their Point-of-Start is Ethereum. When more people purchase a product, there is an increase in demand and when there is more demand for a product than its available, automatically, supply goes down and the resultant effect is an increase in price and this is what ETH will be experiencing in 2023 and beyond.

There is no stock, commodity, metal or cryptocurrency which has gotten to its current trading price after its Initial Public and Coin Offerings without the support of fans (traders).

Fans first hear about an asset, then transition from being mere fans to skimmers of financial information of their favorite asset. After that, they become consumers of financial information of that asset. Then they experiment on brokerages, online trading through their DEMO ACCOUNTS which comes with unlimited funds. After gaining experience, they try trading with LIVE ACCOUNTS using a meager part of their savings. This helps them to gain knowledgeable insights about the movements of candlesticks as part of technical analysis combined with their personal research (fundamental analysis) and then move on to become investors of the assets.

Facebook (FB), Tesla (TSLA) and Bitcoin would not have survived without its fans. These fans moved on from being mere fans to become purchasers and holders of the asset for as long as their investment goals would take them. Ethereum’s fans believe “this blockchain technology will form the basis of the internet soon and will take the current Web 2.0 to a more advanced Web 3.0”.

Wrapping Bitcoin (BTC) On its Blockchain Network

As soon as you decide to check the price of ETH, the other asset which comes to mind for checkup is BTC. Many people trust BTC despite its volatility. Having Ethereum (ETH) wrap several BTCs on its blockchain network signals to numerous investors the authenticity, simplicity and openness of ETH to make its platform smart contract compatible. With this, it has made it extremely easy for users to create and unlock instruments such as loans and insurance.

An investment expert such as Blocktown Capital’s James Todaro is of the view that “Ethereum could be worth as much as $9,000 someday.” His views are based on fundamental analysis which sees the cryptocurrency making strong gains through its Decentralized Finance (DeFi) since Ethereum is the go-to-platform for several developers.

Ethereum could also be the second crypto to hit the $1 trillion market cap milestone since BTC has already surpassed that mark and this is good news for growth investors.

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Why Is Ethereum Important?

Ethereum’s $375bn market capitalization was not reached on mere speculation. Ethereum houses the largest ecosystems of applications in the cryptocurrency stratosphere. Evidently, more than half of the top-performing cryptocurrencies were built on its blockchain as ERC-tokens.

To summarize the importance of digital assets, 94% of the whole decentralized finance space is built on the blockchain. Many developers have been innovative enough to develop applications that help users borrow, lend and trade ERC-20 tokens without a bank or cryptocurrency exchange (middleman).

Cutting the middle man has turned out to be extremely lucrative as the annual interest rate of DeFi protocols on Ethereum can be anywhere from 3 to 10,000%. Such numbers have attracted huge investors with nearly 15 billion dollars of cryptocurrency introduced into the space of DeFi and the number is growing daily.

ETH token as part of its primary function is used to pay for the platform’s network fee which is called “gas”. The unit of measurement is called “gwei”. As demand for applications and tokens grow substantially, the result is an increasing demand for Ethereum (ETH). This is the main reason why several investors are of the belief that Ethereum may surpass Bitcoin to become the largest cryptocurrency in terms of price and market capitalization.

With Ethereum’s old platform (Ethereum 1.0), the network could handle around 15 to 30 transactions per second. Looking at the numbers in terms of trade volume, the network could not sustain its millions of users and the thousands of transactions which go on between them every second. With high network fees and too many users on the platform, Ethereum decided to upgrade its network from Ethereum 1.0 to Ethereum 2.0 and so far the results have contributed to the current rally we are seeing.

Continuous upgrades are being done daily to ensure it meets the needs of consumer demand which should see it stay in charge of DeFi for a long period of time. This will undoubtedly equate to huge gains in terms of a huge spike in price in 2023 and the decade ahead.

Will Ethereum Go Up With Ethereum 2.0?

It must clearly be noted that Ethereum 2.0 went live on December 1, 2020 and this comprises major changes which could end the dominance of Bitcoin in the blockchain space.

Since the inception of Blockchain Technology, Bitcoin has led the discussion with regards to which coin will dominate the others for the first competitive decade (2015-2025). Satoshi Nakamoto’s handy work and the maximum supply of 21 million coins has made it possible for the digital asset to cross several milestones, $1,000 at the very least to $64,863.10 and still counting.

This may change in the next few years as the grandfather of crypto space has started to lose steam with regards to a lack of upgrades to its blockchain network. More importantly, Bitcoin faces diverse limitations and at the top of it all is a scalability issue.

The whole world at a point in time in 2017 and 2018 experienced several scalability issues with regards to business. There are many organizations which at the time were considering adopting blockchain.

According to a survey carried out by Deloitte in 2018, “obstacles have kept the value of blockchain more prospective than actual for most enterprises and have made commercial adoption difficult”. When comparing the transaction speeds of other technologies such as VISA and online payment systems such as PayPal and Skrill, Deloitte also found that “blockchain-based systems are comparatively slow when used as a means of processing transactions”.

This is a huge problem for businesses which are solely dependent on legacy transaction processing systems. Interoperability is a vital feature of technology and cross-chain compatibility could go a long way to enable the exchange of information and value between networks and provide solutions to the lack of traditional finance acceptance of cryptocurrencies.

Severe transfer delays and high fees have been associated with the Bitcoin network. Who can forget about the notorious “crypto kitties” app, which was developed by Dapper Labs (a studio in Canada) which allows players to breed, collect, purchase and sell virtual cats? Inasmuch as it brought leisure and recreation to Ethereum, it also congested the blockchain network which slowed transactions.

Abandoning Proof-of-Work (PoW) and Embracing Proof-of-Stake (PoS)

As soon as blockchain comes into mind, one of the prime areas we look at is security and scalability. This is the main reason why Ethereum is moving from its old platform (Ethereum 1.0 to Ethereum 2.0). When Ethereum first got into the game in 2013, it had to imitate a lot of the features of its predecessor BTC. Although Bitcoin’s blockchain initially made their operations successful, it also suffered the same limitations as its parent coin. This limitation is called Proof-of-Work. By adopting a Proof-of-Work system, ETH relied on a processing-power-intensive process to help with the validation and recording of transactions.

Additionally, in a Proof-of-Work system, participating computer nodes get into competition to help with the generation of cryptographic hashes which satisfy the level of complexity which the network seeks to determine. To prevent hacking, the complexity level is kept high enough which deters hackers or anonymous individuals from attacking the network since operating the required hardware will be too costly.

The major problem with Proof-of-Work has to do with its efficiency. As a result, Ethereum is constantly upgrading its blockchain to a proof-of-stake system which is more efficient.

According to Coinbase, staking is a process where holders of coins actively participate in transaction validation which is similar to mining on a proof-of-stake blockchain. Under such blockchain, holders of coins which meet a required minimum of a specific cryptocurrency can validate transactions. You had a general idea of “staking” which was related to gambling or sports betting but presently, you have an extensive understanding of “staking” under the umbrella of cryptos.

Under Ethereum’s 2.0 Point-of-Stake system, an algorithm chooses the node which records every transaction. Chances for selection are usually determined by the amount of digital currency which is held by the node owner. This decreases the complexity of the cryptographic work which leads to massive gains for the network. More importantly, as every node must take its digital asset to participate, it becomes difficult for hackers to attack the network since it would be extremely expensive.

The main differences are that Ethereum 2.0 employs a Proof-of-Stake (PoS) mechanism whereas Ethereum 1.0 uses a Proof-of-Work (PoW) mechanism.

The network in Ethereum 2.0 supports 100,000 transactions per second whereas the network in Ethereum 1.0 supports from 15 up to 30 transactions per second.

Additionally, most PoW networks have decreased network security because it has a small set of validators which makes it more centralized. But the new upgrade is secured because it is decentralized and requires a minimum of 16,384 validators.

Ethereum offers a platform which is going to serve as a house of the world’s finance. Considering the fact that thousands of people feel they do not have the freedom to do whatever they want with their hard-earned money without some form of control from traditional financial institutions, millions of people will be turning wholeheartedly to Decentralized Finance (DeFi).

Lastly, the new network comes with “Staking Rewards”. Depending on the amount of ETH staked on Ethereum 2.0, rewards range from 22% to 5% per year. You must by now be raising questions as to why the percentage is depreciating instead of appreciating. This is because the more ETH stake, the lower the returns annually. The model of the reward percentage is intended to strike a delicate balance between protecting the ETH cryptocurrency from experiencing too much inflation and incentivizing people to stake.

Ethereum has a great potential for growth in the financial markets and will hit several price milestones in the near future on the back of its own achievements with the protocols under its arsenal. As Co-Head of Global Fintech Lex Sokolin puts it “We are a stone’s throw away from the global financial industry running on a common software infrastructure” and Ethereum will be an integral part of this infrastructure all the way through.

Will Ethereum Go Up Like Bitcoin?

In total, there are 285 Decentralized Finance (DeFi) protocols which have been listed and it may come to the surprise of several traders that 214 of the projects are built on Ethereum’s blockchain network. This means that 94.6% of the whole DeFi space is run on Ethereum compared to the 25 DeFi protocols on Bitcoin (BTC) which is represented by 11.8%. Bitcoin (BTC) went up as a result of speculation on the market and buyers and selling trading digital coins and setting up new all-time prices as a result.

Ethereum (ETH) is the king of DeFi and has a range of products which are poised to offer strong competition to traditional financial institutions and are set for bull runs which will help boost Ethereum’s price in the process.

After closing the fund to new investors in late December 2020 which was based on administrative purposes, Grayscale has reopened its Grayscale Ethereum Trust to new investors after the bullish run of Ethereum and the whole crypto space. In the first week of February, the trust saw inflows which nearly totalled 100,000ETH. The Trust now manages close to $5 billion in Ethereum and this helped push the digital assets price in the third week of February.

According to Simon Peters, a cryptocurrency analyst on eToro brokerage, “Ethereum now finds itself in the spotlight after data showed withdrawals of Ethereum from exchanges is once again accelerating,” Peters further added that “It’s clear from the price that this diminishing supply is feeding through quickly to prices. With institutions expected to add further to their positions, we expect the price of Ethereum to push higher from here”.

His views are supported by THE INDEPENDENT whose correspondents on various from various markets reiterated that “This trend of investors moving ethereum to their own personal cold storage to hold for the long-term is forcing the value up even higher as more gains could be likely if there is a continuation of the dwindling supply”.

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What Will Ethereum Be Worth In 2025?

DigitalCoin predicts that by 2025, Ethereum could almost double its current value to $7,331.

The Economy Forecast Agency predicts a huge increase in Ethereum’s price. They believe Ethereum could reach $8,945 by January 2024, but after that, the price will start declining to end 2025 at $2,386.

Trading Beasts estimates very slow growth in Ethereum’s price, averaging around $3,649 by the end of 2024 and the beginning of 2025.

Cryptocurrency Price Prediction expects the price of Ethereum to go down to $2,842 by the end of December 2025.

Based on these predictions, we can assume that the value of Ethereum might still be below $30,000 halfway through the decade.

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Can Ethereum Reach $20,000?

Reaching $20,000 appears to be achievable for Ethereum ETH. It depends on the competitiveness of other cryptocurrencies, increased use of the Ethereum platform, full utilization of Ethereum 2.0, and the future value of the US dollar.

While the majority of credible predictions suggest that Ethereum may not reach $20,000 in this decade, it is likely that it can reach that amount in the next 20-30 years.

Coin Price Forecast, on the other hand, projects a rapid appreciation of Ethereum in the coming years, and the value of $20,286 might be reached no later than 2031.

Why Will Ethereum Succeed?

While the price of Ethereum may increase rapidly in the future, Ethereum, as a platform, is predicted to grow far larger than it is now.

As the first platform to offer decentralized services besides transactions, more businesses are becoming reliant on Ethereum because it’s quicker, safer, cheaper, and more easily accessed. As the number of dApps (decentralized apps) increases daily, it indicates that Ethereum is likely growing as well.

Furthermore, when the upgrade of Ethereum 2.0 is fully completed, both use of the Ethereum network and the value of Ether (ETH) might increase.

What makes Ethereum likely to succeed is its community which is one of the biggest communities in the crypto market. They actively engage in making the platform better. 

Is Ethereum Eventually Going To Drop?

Every cryptocurrency undergoes highs and lows, so it is safe to assume that Ethereum might occasionally drop.

The future of Ethereum is also dependent on other competing cryptocurrencies known as ‘Ethereum Killers’. Some of these Ethereum killers are Polkadot, Cardano, Avalanche, etc.

However, it is not predicted by any of the credible prediction sites such as DigitalCoin, Trading Beasts, or The Economy Forecast Agency that Ethereum will drastically drop. Sure, Ethereum could enter a bear market, but it can eventually reach new highs in the long-term.

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Is Ethereum A Good Investment?

Generally speaking, Ethereum is a good investment, especially in the long run. With the number of services offered on the Ethereum platform continuously increasing, and with the imminent implementation of Ethereum 2.0, Ethereum has the potential to surpass people’s expectations. The future of Ethereum is looking very bright.

Ethereum might not be as stable as Bitcoin, but it is a safe investment when it comes to its security.

However, one should be careful when investing in Ethereum to distinguish it from Ethereum Classic, as they are two different cryptocurrencies.

Price Prediction Of Ethereum

Why should I buy Ethereum? What will Ethereum be worth in 2030? Many experts and in particular, Blocktown Capital’s James Todaro are of the view that “Ethereum could be worth as much as $100,000 someday.”

This notion is also shared by Managing Partner at Moonrock Capital and Co-Founder of Blockfyre Simon Dedic who also estimates Ethereum being worth $19,000 per coin in the not-so-distant future.

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What Will Ethereum Be Worth In 2030?

According to experts on Coin Switch, $50,000 will definitely be the trading price of Ethereum by 2030. On the same topic, market experts on Coin Price Forecast predict the period from 2028 to 2032 as the digital assets greatest run for growth investors who hold assets for a long time.

Statistically, they are of the belief that “there will be a 1040% increase in Ethereum’s price from 2023 to 2027 which will move its price from the current support level of $3,702 to a whopping $36,240”. After the five-year period, the next four-year period (2028-2032) will see the new all-time high of $36,240 rally to a new price milestone of $84,911. This prediction has created hot discussions in the crypto and the whole finance space as to which crypto currency (BTC and ETH) will be the first to hit the $100,000 mark. Only time will tell.

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Is Ethereum A Buy?

According to Deloitte, several business analysts expect blockchain technology to have an invaluable impact on businesses from diverse sectors globally. It is believed that when the technology fixes all of its problems, primarily scalability (transaction processing speed) and extensively adopts interoperable features, it has the potential to improve effectiveness and efficiency of organizations.

Additionally, it can also increase revenue through cost cutting and in the long term help with the creation of new business models, services and products.

Ethereum’s 2.0 networks come with new features Proof-of-Stake and Sharding which are to help deal with transaction speed and security issues. Aside from this, on 11th February, 2021, almost two months after official announcements were made, Ether futures went live on the Chicago Mercantile Exchange (CME) which is the largest derivative exchange in the world.

This helps traders of Ethereum futures the ability to use leverage to efficiently increase capital and the chance to profit from the future movements of the digital asset.

Ethereum’s price far and wide extends beyond making instant gains and considers several factors as to the number of Decentralized Finance projects which are already running on its platform as well as other potential projects which can satisfy an untapped market in the finance stratosphere.

With daily trading volumes crossing billions of dollars, ETH is a good buy and has the potential to surpass Bitcoin (BTC) in terms of price and market capitalization in the future.

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