Often regarded as the first alternative coin or altcoin to Bitcoin, Ethereum has slowly cemented itself as one of the most traded tokens in the history of cryptocurrency trading. This progress is all thanks to its readily available blockchain technology that conveniently host all types of Decentralized application (DApps); its impressive community of developers and regular improvement to solve user-centered issues shows Ethereum is a force to be reckoned with.
For crypto enthusiasts unsure about Ethereum’s future, this article will discuss Ethereum price speculations with more intent. To ensure a detailed understanding, all the possible Ethereum projections will be explored and analysis from top cryptocurrency experts and platforms will be used to discuss the possible predictions.
What will Ethereum’s price be in 2022?
Did you recently cop some Ethereum tokens into your cryptocurrency portfolio and are unsure about Ethereum’s future in the coming months of 2022. This section will discuss the possible price of Ethereum in one month, three months, and at the end of 2022.
One Month – During the later months of 2021, Ethereum’s price decline steadily and now rests along the $3355 price mark. However, with the launch of Ethereum 2.0, a new Ethereum update that solves all the underlying issues affecting Ethereum, increasing adoption and use. This recent development will serve as an opium to the price, pushing it towards the $3500 to $3700 target.
Three Months – Provided the rave continues into the next three months and more blockchain developers take advantage of the new features by building more DApps and ERC-20-based tokens, Ethereum’s price will no doubt pivot to the $4500 – $4800 level. This expected price mark was Ethereum’s price in the blissful months of November in 2021. This price will only be workable if there is a wide adoption and dependency in the use of the Ethereum ecosystem or an increase in the amount of stakes Ether tokens that will cause scarcity in the cryptocurrency market as the majority of the tokens are locked.
End of 2022 – As long as the bullish trend continues, Ethereum projections are likely to be at the $6000 price level. This will put Ethereum at one of the highest prices it has ever achieved, making it one of the most rewarding investments any crypto trader will ever make.
Ethereum’s price chart in 2021
If you intend on buying Ethereum as one of the digital assets in your portfolio, it is important to perform DUE DILIGENCE. Due diligence is a foundational step every intending crypto trader must go through if they intend on adding or removing digital assets into or out of their portfolio. Due diligence helps crypto traders understand the token history, its price chart since its official launch to date, and the factors that influence its price. Through this, one can understand and weigh the importance of its coin which will serve as an estimate of the coin’s ability to earn profits.
Here in this section is important information concerning Ethereum and total understanding can be said to be due diligence or extensive research for the reader. At first, we will discuss what Ethereum is and how it came to be; then, the history of the developers, some technical terms about the platform, and what ERC-20 tokens are. Finally, we dive into further information that might be important and we will then discuss analysis and predictions surrounding the possible price of Ethereum.
Before we divulge, it is important to note that Ethereum is not the actual currency, but the blockchain ecosystem in which the Ether token (that is, Ethereum’s official utility token that allows for transaction, purchase, payment, staking, and even governance) can be used. For crypto newbies entirely new to Ethereum, and Ethereum-centered items, it might seem confusing as both Ether and Ethereum can be used interchangeably during discussion.
Ethereum is a decentralized open-source blockchain platform that has its cryptocurrency token called Ether (ETH). Ether works as a token for Ethereum and also works for other cryptocurrencies simultaneously as it serves as a bedrock on which other tokens are built. It also performs excellently during the execution of decentralized smart contracts. Concerning the history of Ethereum, the word Ethereum was first explained in 2013 by Vitalik Buterin in a whitepaper. Vitalik was believed to have built Ethereum to perfect the works of Bitcoin which quickly gained traction during that time. Bitcoin then came as a savior to disrupt the traditional way of finance and banking, however, it has loads of loopholes that made it virtually impossible to extend to the common man.
Although Vitalik Buterin is the main face credited as the creator of Ethereum, other founders have contributed actively to the success of the present-day Ethereum. Amongst these notable individuals are British programmer Gavin Wood, regarded as the second most important co-founder of ETH and credited for coding the first technical implementation of Ethereum in the C++ programming language, Anthony Di Iorio, who wrote Ethereum’s project during its early stage of development, Charles Hoskinson, served the important role of establishing the Swiss-based Ethereum Foundation, Mihai Alisie, assisted in Charles Hoskinson during the establishment of the Ethereum foundation.
Vitalik, along with other co-founders, secured financial resources for the project during an online public crowd sale a year after the release of the whitepaper.
Luckily, the team manages to get $18 million in form of Bitcoin, and during the Initial Coin Offering (ICO) sale, one Ether token was sold for exactly $0.311, and over 60 million Ether were sold. Taking Ethereum’s present price into consideration, the total realized return on investment (ROI) amounts to over 270%, tripling or even quadrupling one’s investment if the tokens were put based in the summer of 2014.
In 2015, the Ethereum Foundation was officially launched under the prototype tagged “Frontier.” With users in mind, Ethereum has developed and updated its ecosystem with “Constantinople” on Feb. 28, 2019, and most recently a new update on Aug. 5, 2021, called the “London” hard fork. Concerning Ethereum 2.0 released in 2022, was part of
Ethereum’s plans to switch to and has been in the Ethereum roadmap since the network’s creation. This switch will make the current Ethereum chain the Beacon Chain and will also serve as a layer for smart contract interactions. Ethereum is known to be one of the most secured decentralized platforms to ever exist as it is being secured with the Ethash proof-of-work algorithm, developed by the Keccak family of hash functions. This has allowed the safety of users’ information and funds as their wallets are hack-proof from digital thieves.
In the history of Ethereum’s price chart, 2021 will be recorded as one of the best years of Ethereum as it was during these years, Ethereum began to gain attention. Also, 2021 witnessed Ethereum reach its all-time high value as between the early months of January and mid-February, Ethereum had a massive price increase of over 150%. This sudden spike in price is all thanks to internet clout and piqued the interest of people as regards the features of Ethereum and the possibilities that can be performed on their ecosystem.
Unfortunately, things got worse as Ethereum’s price took a wrong turn and ended its bullish trend in the latter months of February and early March as it began to fall steadily. This short period of fall brought along a truckload of speculations and reviews from anti-Ethereum individuals concerning the validity of the token. However, Ethereum’s bounced back in the later months of March and had one of the most memorable bullish rises of its time. The few days in March showed Ethereum increased by over 178% and almost 500% judging by the stats of Ethereum’s price from the beginning of the year. This bullish period spiked interest in a lot of analysts and nay-sayers as they believed Ethereum could surpass this level and triple its price.
As every cryptocurrency token would, Ethereum started dropping in May 2021 and suffered a 60% loss which isn’t considered much its initial increase compensated for the loss. This loss was also less important as the Chinese government issued a Crypto regulation to crypto exchange platforms and cryptocurrency-dependent companies in China, barring them from performing any financial payment or providing crypto services to people and other businesses. The immediate ban came as a massive shock to the entire cryptocurrency market, forcing an unavoidable drop in the price of most altcoins (Ethereum inclusive). The news caused a steady decrease in the price of altcoins for over two months, staggering into July 2021 before altcoins began recuperating in the early days of August and September. On November 16, 2022, Ethereum went ahead to achieve its all-time high value of $4900, profiting millions of crypto traders holding the token at that moment.
In the later months of 2021 and earlier months of 2022, Ethereum began falling steadily and is currently 28% lower than its all-time high value. Nevertheless, there is a strong signal, that the remaining months in 2022 might witness another all-time high price as the factors responsible for Ethereum’s increase are playing out as expected.
Ethereum Dogecoin Price Forecast (Technical and Fundamental analysis)
Before the prediction is made, we have ensured we studied all factors that affect the price of Ethereum, requested the views of several crypto experts, followed podcasts, and intently studies the recent development going in Ethereum’s ecosystem. Our technical analysis and fundamental predictions are from accurate sources and provide an excellent overview of what is likely to happen if several activities are put in place.
Note, these predictions do not exactly state what would happen in the common months, but rather suggest how several factors will affect the price chart if they occurred. They are not to be used as an exact guide to how your trading module flows, but rather help you navigate your choices.
Technical
Based on the porch chart of November 2021, Ethereum has a positive projectile for most of the year before subduing the forces of China’s sudden cryptocurrency ban. With an all-time high value of $4800 in November 2021 and a 28% steady decrease over the past few months, resulting in a price below the 50-day and 200-day.
As the year advances, Ethereum is predicted to return to the all-time high value it once had in 2021. Meanwhile, before this would be achieved, there is a present resistance landmark Ethereum must break before it advances towards the $5000 price level. If all factors present favor the token, crypto traders should be ready to open their hands to a new all-time high value.
Fundamental
Aside from the technical overview is a fundamental view that highlights the importance of Ethereum and how it will play right into determining its present price? The Ethereum platform is no doubt home to thousands of projects and this is about to triple in the coming years.
If more developers continue to see the possibilities Ethereum can help them achieve, it will notably increase the price of the Ether token. Projects that facilitate transactions like the UniSwap platform, contribute actively to the price. Also, as long as more tokens are staked and burnt, forcing an artificial scarcity, the Ethereum token is headed for the moon.
Ethereum Price Prediction 2025 – Long Term Outlook
Unlike the pioneer cryptocurrency coin, Bitcoin whose value is based on scarcity, Ethereum is an exception as it has multiple use cases. Analysis from hundreds of platforms point toward the success of the altcoin as millions of people are optimistic about its success. In 2025, Ethereum will go up and might be valued at $5000 to $8000. At the moment, the figure seems unrealistic as there are hundreds of barriers limiting the altcoin, it is achievable.
The increase in NFTs and DeFi platforms will serve as a projectile to the altcoin and this sets it apart from the hundreds of existing altcoins. With more development in motion, Ethereum will likely reach this price faster.
Ethereum Price Chart
As mentioned earlier, the future is green for Ethereum its ups and downs on the price chart clearly show. Based on movements in 2021 to date, Ethereum has had a lot of bullish momentums as opposed to bearish movements. The future clearly shows Ethereum is in for an upward ride as more development goes on its platform and enough ERC-20 tokens are actively traded.
Ethereum Price chart
Ethereum 2030 Price Predictions
Before rounding off on predictions, it is important to discuss Ethereum’s price in the next 8 years. With its use in mind, Ethereum is always going to be used (or else another platform come up, which is less likely). Also, with the launch of Ethereum 2.0 that will allow for a less energy-intensive mode of earning i.e. Proof-of-Stake (PoS) consensus system, increase security and scalability, support more transactions per second. Ethereum will serve as an attraction to developers and people.
These factors combined will project the price of Ethereum to the $10000 price mark in 2023.
Conclusion
In conclusion, this article has talked in details about Ethereum and its possible price in the cryptocurrency market. Herein, we pointed out Ethereum’s price hosting over the last few years by discussing factors responsible for its increase and decrease. It’s not rocket science to know Ethereum is one of the most utilized decentralized platforms out there in blockchain and possesses loads of features that can help developers create digital products that will solve real-life issues and empower the common man.
FAQs
What is the price of Ethereum right now?
As of writing, the price of Ethereum is valued at $2,929.45.
What drives the price of Ethereum?
Many factors influence the price of Ethereum today and one of such is the market supply, demand, and overall financial activities and transactions of Ethereum. Activities like Ethereum staking contribute actively to the price as there are currently over $1 billion Ether tokens locked in staking, decreasing the market supply and increasing the market price.
Also, the media’s attention also contributes heavily to stimulating the purchase of Ethereum as positive news from cryptocurrency media agencies or Bitcoin social media influencers.
Although rare, the price of the pioneer cryptocurrency, Bitcoin, can positively stimulate the price of Ethereum as a rise in Bitcoin’s price will inadvertently lead to the rise of Ethereum to a High transaction volume of Ethereum from gas fees paid by Ethereum miners and participants that sell tokens on the market. Since more ETH tokens are demanded during these activities, the price of the token increases progressively.
Also, the creation, use, and transaction of ERC-20-based tokens by participants and developers to create their unique decentralized applications aid the price of Ethereum. This is due to Ethereum being the basic token on which other ERC-20 tokens are based.
Where can I buy Ethereum?
Since Ethereum is popular, there are a lot of cryptocurrency exchange platforms that allow people to buy ether tokens through various payment methods like bank transfers or even PayPal. These cryptocurrency exchanges include Coinbase, eToro, Binance, Gemini, Robinhood, and more.
Why is Ethereum going up?
Lately, there has been a surge in the development of Ethereum-dependent decentralized projects as over one hundred projects are crated bimonthly. This surge has no doubt impacted the price of Ethereum, surging the price to the sky consistently.
What will Ethereum be worth by the end of 2022?
Based on calculations and speculations, the price of Ethereum at the end of 2022 is valued to be at $4500 to $5000.
What will Ethereum be worth in 2025?
At the end of 2025, Ethereum could go as high as $6000 to $7000 if all the positive factors stimulating its price comes to play.