Relevance up to 05:00 2021-10-27 UTC–4
Ethereum has managed to break through the level of $ 4,000, and according to the forecasts of many analysts, the main altcoin of the entire crypto market will be able to surpass the $ 10,000 mark next year.
This currency is very attractive to investors, as it has its own incomparable network, a healthy ecosystem with smart contracts, and low fees.
At the end of this year, a global proof-of-stake update may be released, which will completely change Ethereum’s vector of development.
The price of Ethereum has risen by more than 470% since the beginning of this year, while Bitcoin has also broken through its all-time highs. ETH keeps up with it and continues to grow as well.
Mark Cuban says that Bitcoin is a good accumulative asset, but if one wants to make money on investments, then one should pay attention to Ethereum because it is a real innovative financial instrument.
By the end of this year, Ethereum may receive very important internal changes. The developers are fully working on improving the ecosystem.
The optimistic Ethereum should be released by the end of the year, which will help it even more.
It will publish various transaction data of its chain. This innovation can happen as early as October 28.
This is very positive news for Ethereum and its network, so many analysts predict growth, with an accelerated rally up to $ 10,000.
This can be heard from an analyst who once predicted a bullish bitcoin rally and it came true. Sean Farrell is confident that the level of $10,000 will be broken.
Goldman Sachs analysts are confident that Ethereum will catch up with Bitcoin in price and overtake it in capitalization within 5 years. However, this will be possible after the launch of the Ethereum 2.0 update. If all Vitalik Buterin’s promises regarding updates and scaling come true, then the price will grow.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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