Cryptocurrencies are gradually gaining more popularity and recognition in the masses. The advantages of blockchain and decentralised finance have evoked many investors’ interest in exploring this new investment avenue.
If you are interested in buying Ethereum or any other cryptocurrency, you should stay updated with the latest Ethereum news.
What Is Ethereum?
Ethereum is a decentralised blockchain technology that also supports smart contracts. Ether is the native cryptocurrency of the platform. The market capitalisation value of Ethereum stands at $208,556,729,730, which makes it the second-largest cryptocurrency after Bitcoin.
Here are some latest Ethereum news and updates you might want to know.
Ethereum May Recover With Solid Support
The Covid-19 pandemic hit the global economy, including stock markets, and even the cryptocurrency market showed a steep decline. However, cryptocurrencies like Bitcoin and Ethereum enjoy the support of crucial miners and investors that will help Ethereum recover from the slump. There is a massive demand for Ethereum in the investor community that will soon surge the prices to pre-Covid 19 levels.
Ethereum 2.0 Wallet Hits a Historical High of $6.5 Billion
Cryptocurrency is stored in digital wallets. As per the latest crypto news, the Ethereum 2.0 wallet currently holds 3.5 million Ether. If you calculate the tokens’ value in Ethereum 2.0 wallets, the total value reaches $6.5 billion.
Ethereum Makers Might Embrace Proof-Of-Stake
Cryptocurrencies are specifically known for their robust security. No one can steal your Ethereum coins or sell them to anyone without your permission; the transactions need a pair of keys for authorisation. The Proof-of-Stake is a new technology, a consensus mechanism that allows blockchain cryptocurrency networks to achieve distributed consensus. It is primarily used to add new blocks to the chain and confirm transactions. The Ethereum developers have taken a step closer to adopting the proof-of-stake technology that will make Ethereum transactions secure and smooth.
Bullish Expert Predictions for Ethereum
When you choose an investment vehicle, you will hope for the highest profits. If you plan to invest in Ethereum now, you would like to know your investment value after two or five years. Several cryptocurrency news and analysis portals offer bullish expert predictions for different cryptocurrencies, including Ethereum. Here are some price predictions you might want to know.
Ethereum Price Predictions
- For 2021
The adoption of the dAPP has helped Ethereum gain considerable popularity in the world of cryptocurrencies. The dAPP is an interface used for blockchain and smart contracts.
There are technology upgrades for Ethereum in the pipeline, which will increase the scalability of the network and allow 100,000 transactions per second. If the ETH market sentiment remains high, you can see ETH value soar to $604 by the end of 2021.
- For 2022
Ethereum developers have planned several integrations and partnerships for ETH that could boost its value in the market. If things go as planned, you might see ETH price reach $2500 by the end of 2022.
Ethereum is a popular cryptocurrency that can rise considerably in the coming years. If you invest in Ethereum now, you could see your investment value swell multiple times, which is nearly impossible with other investments. However, you need to stay updated about technology changes, especially blockchain, if you want to stay at the top of the game.