Do you have Ethereum coins right now? Have you been curious about what awaits these coins in the long run? Or are you wondering if investing in Ethereum is a good deal, especially in 2020? Whatever your request, we’ve got you covered.
Trivia: If you invested $ 10 worth of Ethereum coins in 2016, you could have ended up owning $ 10,000 by 2017?
Before we predict what is yet to come for Ethereum, let’s take a quick look at the background to these coins.
What is Ethereum?
Ethereum has been widely regarded as an open source platform using blockchain technology. It is hailed as the second after Bitcoin; hence, it is the second largest crypto platform that can be used as a medium of cryptocurrency or as a token. It is a very credible and solid business choice.
Ethereum has been branded and known because of its innovative nature, which changes the world. It revolutionized computer programming and later marked a positive impact on digital property. Not surprisingly, a total of 107,715,579 of these coins were currently circulating around the world. Notice that this number keeps growing day by day.
Ethereum coins have built a strong reputation in the cryptocurrency market. In fact, it is known for its high volatility in transactions on a global scale, as its prices are always fluctuating.
As mentioned, Ethereum coins are meant to be beyond just being a cryptocurrency. In the field of exchange, they are powerful enough to generate decentralized applications that could be useful in transactions, contracts, agreements and even payments paid directly without any third parties. For this reason, Ethereum has been dubbed the King of Small Contracts.
Let us trace the history of Ethereum. Its founder is Vitalik Buterin, a developer of Russian-Canadian nationality. He discovered in 2015 that it was a blockchain protocol that was strong enough to allow people residing anywhere in the world to take and send money, without the help of a third party. .
This was deliberated as Ethereum’s advantage over Bitcoin. He can perform several transactions which involve finances. It has even been recognized for hosting smart contract technology; they are codes allowing individuals to get along with someone without intermediary help.
In terms of performance, Ethereum provides convenient and efficient money transfers that are very fast (only around 16 seconds). Ethereum’s blockchains were designed to measure 15 contacts per second, at most. This is much less parallel to several smart contract conventions. But don’t worry at all. The forecast on Ethereums is very favorable and the surge in value is close to sight.
We are grateful for these coins, as individuals do not need to buy different goods or travel from country to country to transact in banks and manage its bureaucracy. Instead, Ethereum coins could be seen as a token and payment for mortgages, artwork, patents, and more.
In addition to making transactions more convenient and accessible to everyone, Ethereum coins have also enhanced interconnectivity between and among businesses and individuals, wherever they are located. This high technology can promote sustainability and innovation in crypto collectives.
Additionally, Ethereum’s decentralization feature helps people censor and facilitates uncensored apps. For this reason, communities and societies are well informed.
What is the value of Ethereum?
The primary focus of Ethereums were set up for coins to replace currencies around the world. This would make smart contracts and applications easily and quickly facilitated. People whose expertise is in trading strongly believe that Ethereum is real business now and in the future. This could open up even greater possibilities. It is true that experts estimate that Ethereum tokens can grow up to $ 10,000 and up to a market cap of $ 1 trillion.
Indeed, these predictions may be unbelievable at first, but the need for a decentralized economy is leading scholars to believe that Ethereum will bounce stronger and then become more powerful again. Experts say Ethereum will grow rapidly over the next five years.
To illustrate, one prediction said the value is expected to climb to $ 50,000 at its high, and $ 3,500 at its lows, from 2023 to 2025. Convincing, isn’t it? As a crypto trader, why turn this forecast into reality by using it as a basis in your trading decisions? These price fluctuations forecasts could be your alas!
How amazing are Ethereum coins now?
According to the news, Ethereum was welcomed in 2020 with a value of $ 127.41. Then, due to the lockdown caused by the COVID-19 pandemic in March of this year, the price rose to $ 110.61. In August, this cryptocurrency grew back and was even more resilient than ever as it hit $ 400 countless times, before finally settling on August 13. In September 2020, its value climbed to $ 369.11, which only proves that the estimates are indeed correct. It is 426.90 recently after breaking through the resistance level.
Is Ethereum a valid asset?
Ethereum’s value at the moment may not yet be enough to persuade you to capitalize on it, so allow us to influence you by dispelling all the myths floating online about this cryptocurrency. By doing this, you will avoid any remaining confusion about Ethereum.
Due to its popularity and fairly decent reputation, people consider Ethereum to be a great investment compared to other cryptocurrencies. Regardless of its results, we are always assured that its values will intensify more and more.
With this in mind, Ethereum 2.0 is worth knowing as it will impact investments. This is the second iteration of Ethereum, which focuses primarily on energy productivity and staking rather than mining. Other than that, you can have confidence in Ethereum as they use blockchain technology which makes new crypto traders to capitalize fruitfully. Thanks to this technology, online loan distribution, exchange of supplies and disbursements are managed efficiently.
To sum up, Ethereum coins have grown in popularity in recent years. We expect its value to continue to grow in the years to come. This is one of the main reasons why it is worth attending.