As the second largest cryptocurrency by market capitalization, Ethereum has had a wild ride since it was first introduced in 2015. After reaching a peak price of over $1,400 in January 2018, the price of ETH crashed to under $100 in just a few months.
However, the Ethereum network continued to grow and attract new users and developers.
Since then, the price of ETH has slowly recovered and is now hovering around $200. So, will Ethereum go up by 2025?
There are a few factors that suggest that Ethereum could continue to rise in value over the next few years. First, the number of active Ethereum wallets has been steadily increasing since 2015.
This indicates that more and more people are using and holding ETH.
Second, the number of transactions on the Ethereum network has also been increasing steadily. This is a good sign because it means that people are actually using Ethereum for its intended purpose – as a platform for decentralized applications.
Third, large corporations and organizations are beginning to explore how they can use Ethereum’s blockchain technology. For example, Microsoft is building a decentralized identity system on top of Ethereum.
If more companies start using Ethereum in this way, it could lead to increased demand for ETH.
Fourth, there is a growing number of developers building applications on Ethereum. This is important because it suggests that there is a strong community of developers supporting Ethereum and believe in its long-term potential.
Overall, there are many reasons to be bullish on Ethereum’s future price development. However, it is important to remember that cryptocurrency prices are highly volatile and anything can happen in the short-term.
So, while ETH could definitely go up by 2025, there is no guarantee that this will happen.