Ethereum
Ethereum Price Predictions: ETH Price May Drop – Ethereum News Today
Ethereum, presented by Vitalik Buterin, is an advanced blockchain project that hosts several DeFi tokens. The coin’s popularity among cryptocurrency enthusiasts has led it to secure the position of the second largest cryptocurrency.
Although the price of Ethereum has appreciated against the dollar, no significant growth has been made against Bitcoin as the flagship cryptocurrency has stolen the spotlight over the past few weeks.
Ethereum price prediction news for 2021 is intensifying as investors become interested in the cryptocurrency. Let’s take a look at some of the top Ethereum price predictions for 2021, collected from AMBCrypto.
- Let’s start with Bloomberg’s Mike McGlone. He’s looking at a range of $500 to $700 this year.
- Blockfyre co-founder Simon Dedic expects a little more. He estimates that the cryptocurrency will see its price remain above $800 this year.
- WalletInvestor.com also weighs in on the cryptocurrency’s value with a 2021 estimate of $872.
- Next up is DigitalCoinPrice.com, which offers a one-year range of $1,493 for the cryptocurrency.
- James Todaro, Managing Partner of Blocktown Capital, has much higher expectations than everyone else. His Ethereum price prediction for 2021 far exceeds others, at $9,000.
Ethereum Price Prediction 2021
We saw considerable dApp adoption in 2020 which drove the price of ETH higher. Additionally, an update called Ethereum 2.0 is planned for November 2020, as the network is currently pushed to the limit with the rise of DeFi.
The upgraded version is expected to increase the scalability of the network to 1,00,000 transactions per second, moving the blockchain from energy-intensive POW to POS.
The network is very popular with many projects built on it, as progress is maintained we can see ETH rise to $604,007* Source: Gov Capital
Ethereum Price Prediction 2022
Ethereum is expected to have a number of partnerships and integrations planned for 2022 that could increase Ethereum’s value in the market.
By 2022, ETH could reach $2,500, which is quite optimistic but we are hopeful.
What is Ethereum?
Ethereum, the second largest in terms of market value, is preparing for the next move against the US dollar, but has fallen against Bitcoin. ETH/USD could rise in the near term in the event of a successful breakout.
- There is a key bullish trend line forming with the ETH/USD hourly chart (data feed via SimpleFX).
- The pair could continue to rise and could even break the recent high.
- Ethereum price is trading with bullish action against the US Dollar and Bitcoin.
- Although Ethereum prices moved sideways on Friday morning, a new fund backed by Ethereum co-founder Vitalik Buterin helped the crypto make massive gains.
The secret project is the brainchild of a group of Avengers-like Ethereum power players, including Cosmos, Golem, Maker, Global Blockchain Labs, OmiseGo, Raiden, and Tendermint. (Source: “Vitalik Buterin hopes new Ethereum fund lives up to the hype,” CoinDesk, February 16, 2018.)
All of these companies are developing decentralized applications on the Ethereum platform, which, in a sense, makes them competitors.
However, they have a common interest in strengthening the Ethereum ecosystem, because the stronger this ecosystem is, the better its chances against rival blockchains.
It is with this in mind that they created the Ethereum Community Fund (ECF). In a broad sense, it opens the lines of communication between disparate projects on the Ethereum blockchain. But more specifically, it creates a grant program to fund selected projects.
“Ethereum has grown beyond my expectations over the past few years, but the work is clearly not finished,” Buterin said in a statement to CoinDesk.
This makes Ethereum greater than the sum of its parts. How many other blockchains can boast of having something comparable? The pickings are slim, dear reader.
There is an upward reaction and the price has pulled back. On the downside, a key bullish trendline is forming with the ETH/USD hourly chart. The pair is trading with a positive bias. Any decline from current levels remains supported.
Ethereum users fight recovery of parity funds
The debate over Parity’s lost funds has reached a fever pitch in recent days, with a strong anti-clawback stance taken by many in the community.
Parity’s decentralized multi-signature wallets were compromised after a user exploited a bug in an Ethereum smart contract, removing the wallet’s library function.
This blocked over 500,000 Ethereum and rendered all wallets unusable.
Parity said that to recover lost funds, users would have to “hard fork” the blockchain. This would require the consensus of miners, who verify transactions on Ethereum.
A choice that divides
To facilitate the recovery of parity funds, Ethereum developers created an Ethereum Improvement Proposal (EIP), which would function as a standardized recovery model.
The EIP is open to public comment, and the vast majority of those commenting are against implementing the EIP.
This choice is indicative of the difficulty of blockchain governance, as there is no centralized authority to call upon in such situations.
While Parity users have lost a large amount of funds and want to recover them, those who oppose the implementation of these recovery tools argue that they could increase the attack surface of the Ethereum blockchain and increase its dependence on EIP publishers.
Many have called EIP a “get out of jail free card,” which only requires approval from EIP publishers to manipulate funds on the blockchain.
They argued that the implementation of EIP 867 could potentially harm the decentralization and security of the blockchain.
Andreas Kaplan is a freelance cryptocurrency and blockchain writer.