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Ethereum Price Prediction 2022-2025: Can it Reach $100,000?

After outperforming some of the biggest cryptocurrencies in recent months, the cutting-edge blockchain asset of Ethereum is now second only to Bitcoin by market cap. As a result, many experts believe the price of Ethereum could surge past $100,000 between now and 2025.

“Ethereum is the least risky [cryptocurrency] with the highest rewards”

– Raoul Pal

Let’s face it. Even if you’re new to cryptocurrency, you’ll more than likely be familiar with two names: Bitcoin (BTC) and Ethereum (ETH). The former is the original cryptocurrency, and the latter is the original blockchain network that paved the way for thousands of other crypto projects and altcoins.

Chatter surrounding Bitcoin is often centered around the tremendous price growth and return on investment to many early investors. But Ethereum’s price growth has successfully outperformed BTC in recent months. It also has a far lower entry price than Bitcoin too.

ETH is one of the most renowned crypto assets with a reasonable price history to match. Naturally, there are countless people seeking insight into the price future of Ethereum and how to obtain this potentially fruitful investment.

In this article, we will provide the ultimate Ethereum price prediction designed with beginners in mind. While it’s impossible to predict a future price accurately, there are several resources we can draw upon to get a pretty good idea.

We’ll be using everything from price history and technical analysis to expert insights and the latest blockchain news; we aim to provide one of the most insightful price predictions around. Now, without further ado, let’s see what Ethereum is all about!

Ethereum explained for beginners

In 2015, six years after the creation of Bitcoin came Ethereum. A tight-knit group of blockchain enthusiasts created it. The most well-known of the group is Vitalik Buterin. Now the CEO and public face of Ethereum, the 27-year-old is the world’s youngest crypto billionaire.

Ethereum aimed to provide developers with the ability to create and publish intelligent contracts and distributed applications (dApps). Through decentralized blockchain technology, they would be free from the threat of fraud, censorship, or third-party interference.

Ethereum is inherently different from Bitcoin. It’s a programmable network that acts as a decentralized marketplace for games, apps, financial services, and more. To buy such products and services on the network, ETH is used.

ETH is the native token of the Ethereum network. Unlike Bitcoin, there is no limit to how many tokens can be created. To use decentralized apps on the network, users pay a “gas” fee. The cost of which varies depending on how much computational power is required.

A summary of Ethereum in three easy points:

  • Ethereum is a programmable network that acts as a marketplace for decentralized games, apps, financial and entertainment services, and more. All of which are free from the threat of fraud, censorship, or third-party interference.
  • Ether (ETH) is the native token of the Ethereum network. Now second only to Bitcoin in terms of market value, it’s one of the most powerful cryptocurrencies on earth.
  • The fee to use decentralized apps (dApps) on the Ethereum network is called “gas.” The incoming Ethereum 2.0 upgrade aims to make this cheaper.

Latest news affecting the price potential of Ethereum

Towards the end of 2021, the price of ETH reached a new all-time high when it surged to $4,867 in November. However, the price has since seen a gradual decline. This is primarily due to the latest news affecting the price.

Naturally, the all-time high led to a sell-off as investors sought to cash out on often enormous profits. Ethereum fell as a result of this sell-off.

In addition, the U.S. central bank recently announced it would likely be ending the stimulus cheque system in June 2022. The scheme caused a serious investment boost into crypto in 2020 and 2021. This announcement subsequently led to a dip in the crypto market and a drop in the ETH price.

Answering commonly asked questions about ETH

As a digital asset second in market value only to Bitcoin, ETH has a lot of interest. Naturally, this leads to several frequently asked questions about the network. So let’s answer some of the most important ones!

How much can ETH reach between now and 2025?

While it’s impossible to predict an accurate price when it comes to decentralized finance, there are several tools and insights we can use to gain a pretty good idea. Overall, expert insight, technical analysis, and price history tell us that ETH can potentially surge past $100,000 over the long term.

What makes the Ethereum blockchain unique?

The Ethereum blockchain is unique in the sense that it’s the first blockchain network. It has a trustworthy name and a transparent team behind it. The likes of its CEO Vitalik Buterin were pioneers in recognizing the potential blockchain technology had beyond the trading of virtual currency. It is expected to be improved massively with the rollout of Ethereum 2.0.

Who should invest in Ethereum?

Ethereum can potentially be an ideal investment for those who believe in the potential of blockchain and smart contracts playing an essential role in our future. It is one of the more well-established and renowned crypto assets and is a more attractive investment than certain altcoins, often being more volatile.

Is it a good investment?

While nothing is guaranteed, Ethereum has proved to be a good investment for those who invest at the right time. It also has a broader range of ambitions and goals than Bitcoin, as it aims to be a platform for a variety of decentralized applications and smart contracts that can store information safely. In addition, the long-awaited Ethereum 2.0 upgrade plans to improve speed and scalability on the network enormously.

Historical price analysis 

Ethereum started its price journey with a release price of just over $1. In 2021, it hit an all-time high of just under $5,000. Imagine being one of the investors who got on board early enough? Let’s look at the goings-on in 2021 in more detail.

The reasons behind Ethereum surging to over $4,800 in 2021 was due to several reasons. The first was due to the “Berlin update” rollout on the Ethereum network in April. This aimed to solve one of the biggest criticisms of the network: High ETH gas fees. The price hit a new high of $2,760.

In May, the rollout of a cutting-edge smart contract protocol called Uniswap V3 hit the scene. This was seen as a promising route to optimize Ethereum trading further, and the price rose to over $3,280 in the summer as a result.

And finally, the price hit its latest ATH in November of this year. The main reason was the high-profile sale of the most expensive NFT in history. The piece of digital art sold for over 38,000 ETH, which equaled around $69 million at the time.

Technical analysis 

The overall summary is as follows when it comes to technical insight into the ETH price potential. The year 2022 could see ETH hit a price of around $5,000. By the beginning of 2025, the cost of an ETH token could potentially be over $10,000. Over the long term? It’s thought that the price could surpass $20,000 by 2033. Let’s break this down.

Since the beginning of 2021, the price of Ethereum has surged by over 400%. In 2022, the price journey is predicted to see ETH reach new highs. The technical analysis indicates that the Ethereum price could rise to around $5,400 in the year’s first half. In the second half, it’s expected to close the year at just over $7,000.

In 2023, the price of Ethereum could get off to a slow start. It’s thought to climb to about $7,325 in the first six months of 2023. The price will increase more rapidly in the second half and finish the year at a potential worth of $8,644.

Between 2024 and the start of 2025, Ethereum could surpass a significant milestone. After starting the year at over $8,500, the price could rise to $9,941. The second half of the year could break through the $10K mark and finish the year at over $11,000.

Expert opinions on ETH price prediction

Over the last decade, a plethora of crypto experts have dedicated themselves to the world of cryptocurrency. As a result, they’re often one of the best ports of call when it comes to gaining an insight into the price potential of digital currencies. Let’s explore a few of their Ethereum price predictions!

First off is the cryptocurrency Youtuber Jamie Tree. He recently released a video that drew upon the expert opinions of foremost crypto experts from the Winklevoss twins to ex ARK invest equities analyst James Wang. Overall, their Ethereum projected growth outlooks ranged from ETH hitting a market price of $20,000 to $100,000 per token over the long term.

Next up is ex-hedge fund manager Raoul Pal. He made a name for himself due to his often incredibly accurate price predictions. In an interview this year, he provided an in-depth analysis of Ethereum. Based on the upcoming update, institutional crypto investors, and price history, Pal predicted that ETH could hit a minimum price of $20,000 per token.

And last but certainly not least is Nikhil Shamarpant. A fellow analyst and friend of James Wang, Nikhil authored a 79-page research report outlining how Ethereum can reach $150,000 by the year 2023. A bullish prediction indeed, but Nikhil got to this conclusion by comparing Ethereum’s journey to Apple.

Conclusion to these Ethereum price predictions

In summary, the Ethereum blockchain holds a unique position as the first blockchain asset. In second place only to BTC according to market cap, it’s one of the most potent crypto assets around. As a result, the average price potential for this asset is enormous.

Many crypto users anticipate the release of Ethereum 2.0, which aims to solve speed and scalability issues holding the network back. If successful, this could see a boom in institutional investors into Ethereum. As it becomes more mainstream, the value could skyrocket as a result.

While there is no surefire way to predict the future price of Ethereum accurately, it certainly looks to be a promising digital currency investment. It’s also ideal for new investors seeking a more reliable cryptocurrency when compared to various altcoins. But as a beginner, where do you buy ETH?

Where to buy Ethereum on the crypto market?

In the early days of cryptocurrency, getting hold of it wasn’t easy. Ethereum was no exception. Thankfully, times are changing. Thanks to a handful of reputable brokers, potential ETH investors don’t need in-depth knowledge of crypto exchanges to buy. 

One of the most renowned crypto brokers is eToro. Offering an array of unique features from copy trading to stop-limit orders, it provides a phenomenal crypto trading environment for beginners. 

As well as major cryptocurrencies like ETH and Bitcoin, eToro is constantly expanding the range of crypto offered. From Dogecoin and Binance Coin to Polkadot and this reputable brokerage has many digital assets on offer. Allowing you to diversify your crypto portfolio tremendously. 

Further reading on Ethereum

Disclaimer: This Ethereum (ETH) price prediction is for informational purposes only, not financial advice or investment advice. ETH and other digital coins on the cryptocurrency market have potential rewards and potential risks involved. Despite the positive outlook, the predicted price analysis of ETH on the crypto market and is not guaranteed to be a good investment as a bearish trend is just as likely as a bullish trend when it comes to the price of Ethereum and its market cap. Anyone wishing to invest should do their research and seek independent financial or professional advice.

The post Ethereum Price Prediction 2022-2025: Can it Reach $100,000? first appeared on BiteMyCoin.com.

Read more: https://bitemycoin.com/opinion/ethereum-price-prediction-2022-2025-can-it-reach-100000/

Text source: BiteMyCoin.com

Disclaimer: Financial information and news are not financial advice, read the disclaimer.
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