Ethereum, the world’s second-largest cryptocurrency by market value, is on the rise again after a period of consolidation.
The digital asset has gained more than 10 percent in the past 24 hours and is currently trading at around $370. That’s its highest level since mid-September and a far cry from the 2018 low of $85.
Ethereum’s recent price action comes as Bitcoin, the largest cryptocurrency by market value, surged to a new all-time high above $19,800 on Monday. The move higher in Ethereum appears to be driven by FOMO (fear of missing out) as investors rotate out of Bitcoin and into alternative digital assets.
“ETH is currently benefiting from BTC’s price momentum as investors rotate out of BTC and into altcoins,” said Mati Greenspan, founder of Quantum Economics. “This move higher could also be due to the upcoming Ethereum 2.
0 upgrade which is scheduled to go live in less than two weeks.”.
Ethereum 2.0 is a major upgrade to the Ethereum network that will see it transition from a proof-of-work (PoW) consensus algorithm to a proof-of-stake (PoS) algorithm.
NOTE: Warning: Investing in cryptocurrency is highly speculative and the market is extremely volatile. There is no guarantee that Ethereum will hit 10k, and investing in it carries a high degree of risk. You should never invest more than you are willing to lose and always conduct your own research before investing in any asset.
This will make Ethereum more energy efficient and scalable, two key issues that have been holding back its mass adoption.
The upgrade is scheduled to go live on December 1st and there’s a lot of excitement building around it. This could be helping to drive Ethereum’s recent price rally.
So, does Ethereum have what it takes to hit $10,000?
It’s certainly possible. In fact, some analysts believe Ethereum could eventually surpass Bitcoin in market value due to its superior technology and real-world usage cases.
If Ethereum can continue to build on its recent momentum and rally towards its all-time high above $1,400, then there’s no reason why it couldn’t eventually hit $10,000 or even higher over the long term.
10 Related Question Answers Found
As the second-largest cryptocurrency by market capitalization, Ethereum has had a wild ride over the past year. After hitting an all-time high of over $1,400 in January 2018, the price of ETH plummeted to around $100 by the end of the year. However, Ethereum has staged a remarkable recovery in 2019 and is currently trading at around $230.
In recent months, Ethereum has been on a tear, reaching new all-time highs and cementing its position as the second-largest cryptocurrency by market capitalization. Could Ethereum continue this momentum and reach $10,000 per ETH? Let’s take a look at the factors that could affect Ethereum’s price in the coming months.
When it comes to cryptocurrency, Ethereum has always been one of the top contenders. It’s the second-largest cryptocurrency by market capitalization and has gained a lot of popularity in recent years. So, will Ethereum ever hit $10,000?
In the past year, Ethereum has seen incredible growth. The price of ETH has risen from around $100 in January 2017 to currently over $700. This represents a growth of over 600% in just 12 months.
When it comes to cryptocurrency, there is no doubt that Ethereum is one of the big players. The second largest cryptocurrency by market capitalization has been on a tear lately, and many investors are wondering if it can continue to rise. One popular question is whether Ethereum can ever reach $10,000.
As of late, Ethereum has been on a tear, reaching new all-time highs and solidifying its position as the second-largest cryptocurrency by market capitalization. This rally has led many to wonder if Ethereum will ever reach $10,000 per coin. While this may seem like a stretch today, it’s important to remember that the cryptocurrency market is still in its early stages and is highly volatile.
Ethereum has been one of the most successful cryptocurrency projects in the world. It has attracted the attention of major corporations, financial institutions, and governments. The Ethereum blockchain is a public ledger that enables developers to build decentralized applications.
It is no secret that Ethereum has had a tough time in 2018. The cryptocurrency started the year off strong, with a January high of $1,422. However, things quickly went downhill from there.
In 2015, Ethereum founder Vitalik Buterin proposed a radical idea for a new kind of internet. Rather than being centrally controlled by governments or corporations, it would be a decentralized network run by its users. This network would not only be a platform for digital money, but also for “smart contracts” – computer programs that could automatically execute the terms of agreements between parties.
It’s impossible to predict the future price of any asset, let alone one as volatile and young as Ethereum. However, that won’t stop people from trying! In this article, we’ll take a look at some of the factors that could affect Ethereum’s price in 10 years time, and make a (very) rough estimate of what it might be worth.
