Ethereum rises above $4000, where will go from here?
What exactly is Ethereum?
Ethereum is a smart contract and decentralized application framework based on a distributed blockchain computing platform. Ether (ETH) is its native token that is primarily used to pay transaction fees and as collateral for lending such ERC-20 tokens in the decentralized finance space.
After realizing the limitations of the Bitcoin writing language, namely its lack of Turing completeness, Vitalik Buterin founded Ethereum in 2013. Later that year, Buterin published the first Ethereum whitepaper. It defined a distributed computing framework for executing smart contracts and developing decentralized applications.
Buterin and several other early contributors founded Ethereum Foundation, a nonprofit organization, in 2014. The Foundation is dedicated to Ethereum science, core protocol creation, and ecosystem development.
Where will it go from here?
Ethereum is a cryptocurrency that is rapidly gaining popularity. Ethereum has a growing community, with more developers contributing to the project and more collaborations in the works. All of this means that Ethereum can be used by more people and businesses. In the long run, this is extremely beneficial for the price.
Predicting the price of Ethereum, like the stock market, is extremely difficult. This is because the industry has a huge impact on it. However, if you take into account completed projects, new offerings, new alliances, and other important factors that affect the price, you can see where it might go. There is no way to accurately estimate the price of Ethereum.
Real investors often look at a period of about 5 years, as long-term investments are often the best. Therefore, it is preferable to look at the Ethereum price forecast for the year 2025.
This is because in the short term there will always be challenges, such as missing a deadline, but in the long term it will always evolve. It’s likely that Ethereum’s price will double in a year. Of course, this is not a guarantee; it is only feasible if all the variables are in place, which is highly unlikely.
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