$ETH Welcome to my Daily Analysis
We are here to talk more about Ethereum but first
đWHAT IS ETHEREUM?đ
The worldâs largest altcoin and second largest cryptocurrency, Ethereum has more to it than just a crypto token. It is popular outside the crypto community too for its high features and interesting blockchain solutions.
ETH is an open-source blockchain with smart contract functionality typically used in the field of decentralized finance (DeFi). Ethereum is more like a network, updated and maintained by validators who earn ETH in exchange for their contribution and work.
â€ïžâđ„ Many experts believe ETH to reach a valuation of $40,000 by 2030, it might seem unrealistic but it is not really. There are several strong factors, including its broad market strategy, unique model, scalability solutions and leadership in various decentralized applications, which have put ETH at the top of the list.
đTHE MAIN QUESTION IS WHERE COULD #ETH REACH NEXT?
Ethereum holds a bright future as it is not just a transactional currency but eventually, it is on the path of establishing itself as a âstore of valueâ for those entities which are looking to optimize their wealth. ETH functions very well with DApps, NFTs, smart contracts, and DeFi and the list keeps growing every year.
As long as the network keeps becoming stronger and the ETH team continues to develop innovative features, its investors will likely continue to grow in the years to come. Letâs check out the long-term price predictions of Ethereum.
Ethereum Prediction for 2024, 2025 and 2030
As of Feb. 15, 2024, Ethereum is trading at $2,801 with a market capitalization of $336.46 billion. The currency has shown immense growth after the Shapella upgrade in April 2023. It drastically rose from $2,100 to $2,801. The average trading price is expected to be around $2,500 with the potential to reach $3,000 in Feb. 2024.
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