Find out why Ethereum can easily go up to $20,000
The expectations for Ethereum: it will continue to rise
Ethereum is expected to keep rising, according to Raoul Pal, CEO of Global Macro Investor. Pal is a well-known figure in the crypto industry who often speaks and writes about macroeconomics. The market analyst believes Ethereum has a bright future and predicts a $20,000 price for the cryptocurrency.
Especially with the upcoming fundamental changes. The Ethereum 2.0 architecture is in full swing and will allow it to scale up.
The largest smart contract network in the world is currently under attack, and scaling is a major thorn in its side. The cost of a trade has risen to an all-time high, costing nearly $20. That’s fine if you have a lot of data to send, but DeFi is suffering as a result.
This surge in popularity coincides with the announcement that an ETF (Exchange Traded Fund) for Ethereum has been filed in the United States. A filing for a bitcoin exchange-traded mutual fund was previously made. The SEC, the US regulator, delayed its announcement until July.
Megan Kaspar, a crypto expert, estimated that Ether would climb to $4,000 if it traded at $1,200. Kaspar, a co-founder of cryptocurrency investor Magnetic, claims that Ether would be worth $8,000 to $10,000 by the end of 2021.
What exactly is Ethereum?
Ethereum is a coin transfer technology that allows you to transfer cryptocurrency to anyone for a small fee. It also powers software that no one can shut down and anyone can use. It is the world’s programmable blockchain.
Ethereum draws on the creativity of Bitcoin, but with a few key variations. They all allow you to use digital money without the need for payment processors or banks. However, since Ethereum is programmable, you can use it to create a variety of cryptocurrencies, including Bitcoin.
This assumes that Ethereum is useful for more than just transfers. It’s a business where you can find financial services, sports, and software that won’t hack your data or get you blacklisted.
Who is the founder of Ethereum?
Vitalek Buterin was born in Russia in 1994 and later moved to Canada with his family, where he grew up in Toronto. He attended the University of Waterloo for a short time before dropping out after winning a $100,000 Thiel Fellowship.
The scholarship, funded by businessman German-American Peter Thiel, is for young people with “ideas that can’t wait,” according to his website.
Buterin, a Russian-Canadian, then focused full time on Ethereum, a blockchain platform he would unveil in a whitepaper in 2013.
In 2014, the Ether ICO, a cryptocurrency linked to the Ethereum network, was the second ever public coin offering.
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