Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject
Ethereum is the market’s most well-known altcoin. For many investors and enthusiasts, it is much more than just another cryptocurrency. According to experts, it could increase in value by up to 400% by 2022. Since its launch, the price of ETH has risen from $0.311 in 2015 to around $4,800 late last year — with plenty of volatility along the way.
Even though this year has not been so good for the world’s largest altcoin, expectations are still high and the year is still young. A lot of noise has already been created by the cryptocurrency’s switch from a proof-of-work to a proof-of-stake consensus method and the Ethereum 2.0 upgrade. These changes should aid Ethereum in defending its position as the top second-generation cryptocurrency and warding off future competition from other new altcoins.
Given everything, purchasing Ethereum, in the long run, must be a sensible move, right? A majority of analysts are bullish on ETH. Furthermore, the majority of long-term Ethereum price forecasts are also optimistic.
Since Ethereum has seen phenomenal growth in recent years, it is not surprising that investors are placing significant bets on this cryptocurrency. Ethereum gained traction after the price of Bitcoin dropped in 2020, following a protracted period of stagnation in 2018 and 2019.
Interestingly, much of the altcoin market remained idle even after the halving. One of the few that picked up the momentum quickly is Ethereum. Ethereum had increased by 200% from its 2017 highs by the end of 2021.
Ethereum may experience such a spike thanks to several crucial factors. One
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