Ethereum price prediction 2021 & 2025

The year 2020 was a horrible year for the whole world, but it has given a good thing as well. It has made everyone realize that we need to start looking for an alternative for our fiat currency. The rising recession in the whole world has snatched the shine of fiat currencies. And in this phase cryptocurrencies were getting momentum.

Since November last year, the whole crypto market is enjoying a bullish phase. Bitcoin is the most popular and oldest cryptocurrency and Eth is the strongest competitor of it. With the rise of decentralized finance also known as DeFi, algorithms and science-backed cryptocurrencies are ruling the market. They have a smart contract functionality and offer a safe secure system of transactions with no intermediaries involved.

This article will focus on Ethereum and its future prediction. Firstly let’s start with the basic question what is eth?

What is Ethereum?

Ethereum is an advanced blockchain project and the most popular cryptocurrency after bitcoin due to its nodal position in the crypto market. It was created by Vitalik Buterin. The eth blockchain algorithm is in the center stage. In this cryptocurrency, the fundamental focus is on its programmability. And this allows the users have a benefit from a digital money perspective and also they can use Ether crypto for all marketplace transactions such as financial services, apps, games, products, etc.

Ethereum enables developers to formulate and work on smart contracts, automatically implementing assignments under specific conditions. The cryptocurrency has gone through various stages of development and evolution strategies but still, the platform has stuck with its plan & products to consistently upgrade the protocol to ensure improved security, usability, decentralization, and functionality.

Also Read : Bitcoin price prediction

Use of Ethereum in real world

Ethereum is not only used in trading and payment but also it has many uses in our real world. Some of them are listed below.

• Voting systems

Ethereum can be used in the voting process, it will ensure a clear voting process without any biases and flaws. We all have seen with DAO that the voting system also using eth.

• Banking system

We have seen many cases of hacking the banking system and it is very important to make banks a hacking free system. Ethereum is almost impossible to hack and that’s the reason it is being used in the banking system.

• Shipping

By using eth in the shipping of goods it helps in tracking goods and saving them from being misplaced. As ethereum has the feature of tracking services for any supply chain management.

• Agreements

By using Eth smart contracts, agreements can be maintained and executed without any alteration for developing and digitally recording the agreements and the transactions based on them.

• Enterprises

Ethereum gives a set of guidelines to enterprises that help in accelerating blockchain technology adoption among the enterprises.

Ethereum 2.0

Scientists have developed a better version of eth called Ethereum 2.0. It has added features and functions in addition to the basic features. It will have a gradual and phase-wise launch to see the adoption by the market. The upgraded version will have sharding technology that will reduce the transaction cost and improve the speed. It will also initiate web assembly language in a system they’re calling eWASM that would soon replace EVM. The price of eth will see a sharp rise as the market is constantly awaiting the release of Ethereum 2.0.

Ethereum Historical price movements

Volatility is the basic nature of all cryptocurrencies. Ethereum is also the same it has seen many ups and downs in its lifecycle. Ethereum has already surpassed bitcoin in many sectors. With the growing popularity of DeFi ethereum has been having almost twice compared to Bitcoin in the daily transaction volume and too many other major currencies like XRP, Bitcoin Cash, EOS, Cardano, etc.
In December 2017, the price of ETH has broken the level of $500 and reached $900. Then in 2018, it has again fallen to $640. In the year 2020, it has seen a major recovery and seen a bull run at the end of the year.

Also Read : Litecoin price prediction

Future prediction

Today ETH is trading at $1772 which is around 0.8% down. Experts believe that it will cross the levels of $3500 in the next 4-5 years. After bitcoin or I should more than bitcoin the future is bright for this cryptocurrency. DeFi is the future technology for the world and due to this ETH is also here to stay. Experts believe that Ethereum will see a V shape recovery after Ethereum 2.0 is launched.

• Ethereum Price Prediction 2021

The year is started with a bang for all the cryptocurrencies including ether. It has almost raised 1000%. We are expecting that the price will reach the mark of $2000 by the end of the year.

• ETH Price prediction 2022

The bull run of 2021 will continue this year as well and the price could breach the psychological level of $2500. With the launch of Ethereum 2.0, the cryptocurrency will give amazing returns.

• Ethereum Price Prediction 2025

As I said earlier the price of ETH will rise to the level of $3500 in the next 4-5 years. The growing popularity of cryptocurrencies and the launch of Ethereum 2.0 will lead to this level.

At last, we can say that there are so many factors working behind the success of ethereum that you can trust this investment option. With having so many real-life uses ethereum proves to be the best cryptocurrency to invest in.