Ethereum

Future

Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/ethereums-bright-prospects-and-price-predictions/" data-wpel-link="internal">Ethereum’s Bright Prospects and Price Predictions</a><br></p>
<p style="text-align: justify">In 2018, the price of ETH fell below $100. Investors have made massive gains over 6 years. Someone who sold in 2021 and invested at the 2018 low increased their capital by more than 52 times. Now, this gain has dropped to 24-25 times. So, what will happen in the next 6 years?</p> 
<h2 style="text-align: justify" id="the-future-of-ethereum">The Future of Ethereum</h2> 
<p style="text-align: justify">Over the years, the Ethereum blockchain has become the world’s fundamental infrastructure. The layer2 blockchains clustered around it and the exponentially growing ecosystem make Ethereum’s future even brighter.</p> 
<p style="text-align: justify">In the next 6 years, the price of ETH could rise up to 5 times its current level. One of the main reasons is its status as the main hub for smart contracts. Despite competitors like Solana, Ethereum is still far ahead.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-310564 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/TVL.webp" alt="" width="850" height="602"></p> 
<p style="text-align: justify">The same is true for DeFi. The Ethereum network represents a full 56.34% of the total locked value in the DeFi ecosystem.</p> 
<h2 style="text-align: justify" id="eth-price-future">ETH Price Future</h2> 
<p style="text-align: justify">The narrative of a spot Ethereum ETF is seen as the biggest catalyst for a $10,000 price target. Similar to the excitement created by <a href="https://en.coin-turk.com/bitcoin-evades-direct-hit-from-sec-lawsuits-but-faces-potential-impact/" data-wpel-link="internal">Bitcoin</a> ETFs, an Ethereum ETF could attract the interest of both institutions and individuals. Moreover, Ethereum has much more growth potential than Bitcoin due to its structure.</p> 
<p style="text-align: justify">For instance, imagine a world where a significant part of the trillion-dollar RWA future is initiated on the Ethereum network. Today, even China-based banks are issuing tokenized bonds worth hundreds of millions of dollars on the Ethereum network, expanding their trials. All these factors could multiply the interest in Ethereum’s ETF. Additionally, the annual APY of around 5% and negative inflation are bonuses.</p> 
<p style="text-align: justify">A Motley Fool analyst wrote;</p> 
<blockquote> 
 <p style="text-align: justify">“If the entire crypto industry continues to grow and mature, and Ethereum maintains its dominant market role during this process, Ethereum could reach $10,000.”</p> 
</blockquote> 
<p style="text-align: justify">Speaking of long-term investors, we can conclude with the recent whale activity. An Ethereum whale who bought 492 ETH 11 years ago has moved the assets in their wallet. Despite waiting a full 11 years and missing the major peaks, this investor has made a substantial profit.</p> 
<p style="text-align: justify">The whale, who invested during the ICO period and waited, had bought at a cost of $0.31. Today, an investment of about $150 has yielded a profit of $1.1 million.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/ethereums-bright-prospects-and-price-predictions/" data-wpel-link="internal">Ethereum’s Bright Prospects and Price Predictions</a></h5>

Ethereum’s Bright Prospects and Price Predictions

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