It has been an amazing year for Ethereum, gaining more than 340%, outpacing Bitcoin by a big margin, However, will it continue growing? That is the question that we will try to answer in this article.
Ethereum is 2nd largest cryptocurrency by market capitalization, however it`s totally different from Bitcoin. Ethereum’s team is working day and night to build the transaction settlement layer for all of the world’s markets. Money and financial applications. Secure, decentralized computing. Digital goods and gaming economies. Intellectual property and personal data. Everything. Recently they launched Beacon-Chain which is first step towards Ethereum 2.0. If they succeed, and most likely they will, They will be revolutionizing financial markets and this will have huge impact on the price of ETH as well.
Let`s discuss what analysts are forecasting for Ether for 2021:
- Crypto Research Report – in these report analysts gave ethereum price target of $3500 by 2025. If this report comes out to be true and if we take yearly average growth, Ethereum has too add additional $700 to its price every year, which means it will be at least adding additional 120% approximately till the end of 2021.
- Simon Dedic – who is the Co-founder of Blockyre who said that Ethereum has the potential to reach $9000 someday. However, in the shorter run, he expects to ETH hover around the price point of $800.
- James Todaro – who is a managing partner at Blocktown capital Agrees with Simon Dedic and predicts that Ethereum will spike up and reach a price point of $9000 eventually. He also has confidence that ETH will potentially scale up to a $1 trillion market cap as a result of the rise in demand for DeFi tokens in the years to come.
- Brian Schuster – Founder of Ark Capital, Brian Schuster firmly believes that by the time 2024 approaches we can see ETH resting at the mark of $100,000. If his predictions is remotely accurate, Ether’s price will show amazing growth in 2021.
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