#Ethereum ETH as we know is a decentralized open source platform that operates on blockchain technology. It is known for its ability to run smart contracts, which are small programs that automatically perform certain actions when conditions are met. This makes Ethereum the basis for many decentralized applications (#Dapps and other blockchain projects.
At the moment, due to high market turbulence, the asset price has dropped from $3,974 to $3,000, from May to July of this year.
Oddly enough 🙂, but all the more or less solid #токены s made a similar journey in approximately the same percentage terms.
What awaits us in the future? And will $ETH be linked to economic indicators #США ?
#Фундаментальный analysis:
Pros:
* Leading smart contract platform: Ethereum is the largest and most mature platform for creating decentralized applications (dApps) and smart contracts.
* Widely accepted: Ethereum is used by many projects in different industries, including finance, artificial intelligence and the metaverse, as well as the development of bots and automated procedures.
* Network updates: Ethereum continues to be updated and improved, which improves its performance and scalability.
* Active Community: Ethereum has a large and active community of developers, researchers, and investors.
Minuses:
* High fees: Ethereum is known for high transaction fees, especially during periods of high network activity.
* Competition: Ethereum faces competition from other platforms with lower fees and better scalability.
* Centralization Risk: Although Ethereum is decentralized, it still depends on some centralized participants, which can create risks.
Impact of the US economy:
* Inflation: Inflation may stimulate interest in alternative currencies, including ETH.
* Regulation: Regulation of cryptocurrencies can either help or hurt ETH. Strict regulations may limit the use of ETH, while clear rules may attract new investors.
* State of the economy: A recession could lead to a decrease in interest in risky assets, including ETH.
An interesting thing will happen with the adoption of ETFs. Following the approval of Form 19b-4 (a significant step towards the launch of the Ethereum ETF), the price of #Ethereum fell more than 20% in late May. The fall in the price of $ETH , despite this positive development, indicates the complex dynamics of the cryptocurrency market.
Ahead of ETF trading on Ethereum
Despite the above, let's try to predict the price range for #Ethereum
Forecast of price corridor for ETH in 2024:
* Optimistic scenario: $4000 - $6000 (growth in demand for dApps, widespread adoption of Ethereum, soft regulation, successful scaling).
* Realistic scenario: $3000 - $4000 (moderate growth in demand, slight increase in liquidity, unstable regulation).
* Pessimistic scenario: $2000 - $3000 (no significant growth in demand, strict regulation, competition from other platforms).
It is important to note:
* This forecast is based on publicly available information and does not constitute financial advice.
* Investing in ETH is a high-risk step.
* Do not invest in cryptocurrencies about which you do not have enough information.
Thank you for your attention ‼️