With cryptocurrencies, including Ethereum (ETH), reaching new highs in 2021, the main question that investors now have is related to which price could Ethereum reach in the future. Indeed, they are desperately searching for Ethereum price predictions that would help them understand the market and how it could evolve in the future.
In this guide, we will share with you the most popular Ethereum price predictions. Although not all of them might be very high or extreme, we cannot discard anything. The cryptocurrency market is a very volatile industry and things can change in very short periods of time.
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There are many different Ethereum price predictions made by several investors in the cryptocurrency market. Each of them has been done taking into consideration a wide range of factors, including ecosystem development, technical improvements, adoption, and many other things.
Ethereum is now the largest smart contracts platform in the world offering services to millions of users and also companies. Thus, the expansion of this network has been notorious and it could continue in the coming years as well.
Thanks to Ethereum, nowadays we have decentralized finance (DeFi) and decentralized applications (dApps), among other things. At the same time, Ethereum is also being used by companies that have launched their own private or public crypto-related solutions.
Let’s start with James Todaro, managing partner at Blocktown Capital. He considers that Ethereum could reach an all-time high of $9,000 which is extremely high considering that Ethereum was traded last year close to $200 per coin.
One of the reasons behind this price increase in Ethereum could be related to what we mentioned before, decentralized finance. DeFi has been growing at very fast rates and it has onboarded a large number of users.
With an increase in the demand for Ethereum, it might be possible for the virtual currency to hit a $1 trillin market cap (close to $9,000 per ETH). Although this would not happen overnight, Ethereum was close to $4,500 as an all-time high in 2021.
Mike Novogratz is a recognized investor and cryptocurrency supporter. The billionaire considered that Ethereum could reach $5000. This is a prediction that he made in May 2021 when the bull market in the crypto market was still intact. Indeed, virtual currencies then where able to reach all-time highs (many of them).
Ethereum reached an all-time high close to $4,500 and this was very close to his call of $5,000. In the next bull run, Ethereum could eventually reach $5,000 and move even higher. This would depend on lots of factors, including the expansion of the entire crypto space and Ethereum 2.0 as a solution to ETH’s scalability issues.
In this way, the virtual currency could have a market valuation close to $600 billion and get even closer to Bitcoin.
Simon Dedic, another prominent figure in the cryptocurrency market, the co-founder of Blockfyre and Managing Partner at Moonrock Capital, agrees with James Todaro saying that the virtual currency could go to $9,000 per coin.
As he explained, in order for this to happen, the entire crypto market would have to be in a bull run. Indeed, he considers that Bitcoin would also reach $150,000 per coin and LINK could hit $200. During a bull market, most of the virtual currencies move higher together, this is what happened in 2017 and 2021.
It is just a matter of time before we are able to understand whether Ethereum hits $9,000 and Bitcoin $150,000.
The Director of Communications at ConsenSys, has also correctly predicted Ethereum surging to $1,400 and surpassing this level. This happened in early 2018 after a massive 2017 for most virtual currencies, including Bitcoin (BTC).
Mr. Keys believed that Ethereum would reach $1,400. He said that in 2016 before Ethereum or Bitcoin started their bull runs to new all-time highs. This shows that he was right with the price prediction he made. Now we just need to wait until the next bull run or if this year Ethereum could hit $5,000 or eventually $9,000 as some experts predicted.
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