alexametrics

Ethereum (ETH) : Too Late To Buy? | Ethereum Price Prediction

cryptocurrency 4 months ago
Flipboard


You need to know this #Ethereum price prediction! We will be going over how high can Ethereum go in this market cycle by listing fundamental and historical analysis! Enjoy! ⚠️GET FREE CRYPTO AND STOCKS 👇 💰 WeBull - Get 4 Free Stocks: https://act.webull.com/iv/dRCHtFl2aLH... 💰 Robinhood -Get 3 Free Stocks: https://join.robinhood.com/wagners-63... 🚀 BECOME A CHANNEL MEMBER👇 ⮕ https://www.youtube.com/channel/UCHWp... ⚠️GET FREE CRYPTO:👇 💰 BlockFi (up to $250): ​ https://blockfi.com/WagnerSaucedo 💰 Coinbase ($10): https://www.coinbase.com/join/sauced_5q Intro 0:00 Ethereum (ETH) 1:04 Ethereum has had a parabolic 2021, and to think that Ethereum was only 389 dollars precisely a year ago, and that makes for an explosive 878 percent gain, but can Ethereum still go to 10K or 35K in this market cycle? We will base this prediction off the stock to flow model, as it is one of the best ways to predict the price of crypto since the very start of cryptocurrency. Back in March of this year, Bitcoin aligned with the stock-to-flow model for the first time. This occurred at a time when Bitcoin was trading at $61,000. Since then, however, Bitcoin has continued to move away from the model's projected price, and the situation has gone downward and sideways for the most part. Now before going over the price predictions, we need to keep in mind that there are Other smart contract platforms, like Cardano or Solana, Which might steal market share from Ethereum. These platforms are building comparable decentralized environment networks, and some claim that they will someday exceed Ethereum. Furthermore, rising levels of regulation may have an impact on Ethereum's price. Recent occurrences have shown that US and European officials are interested in closely monitoring internet transactions and determining if some behaviors within them may be illegal. But we have to keep in mind that Ethereum's ecosystem is expected to continue expanding and improving as decentralized and blockchain platforms become more popular, cheaper, and even more secure than centralized alternatives. Furthermore, recent upgrades to the Ethereum blockchain, such as the London Hard Fork, show us that Ethereum is working towards becoming the better blockchain and the blockchain of choice for the majority of Defi projects, gaming, exchanges, and much more. The much-anticipated Ethereum 2.0 update is scheduled to be released soon, significantly boosting Ethereum's transaction per second and lowering transaction fees. So then The blockchain will switch from a proof-of-work to a proof-of-stake technique for validating transactions with the upgrade. Not only will this benefit the network, but it will also promote a more ecologically responsible mining method. So be sure to watch the video "Ethereum (ETH) : Too Late To Buy? | Ethereum Price Prediction" to get a better idea as to where Ethereum can land this market cycle, As we have to remember that altcoins for now follow Bitcoin's trajectory, so part of the analysis will also be based on where Bitcoin will land in this market cycle! Now as alwaysd, don't forget to only invest money you can afford to lose and always do your own research before investing into crypto. Use this video as another way to add on to your research tools, and with that in mind. Don't forget to subscribe! DISCLAIMER: You should not take any of this information as guidance for buying or selling any type of investment or security. I am not a financial advisor and anything that I say on this YouTube channel should not be seen as financial advice. I am only sharing my biased opinion based on personal experience. It is important to keep in mind that there are risks associated with investing in the stock market and that one can lose all of their investment. AFFILIATE DISCLOSURE: I only recommend products and services I truly believe in and use myself. Some of the links on this webpage are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe
Read Entire Article