What's Next For Etherium?

“Ethereum Is Going To The Moon”, a common phrase used by Crypto Enthusiast whenever a coin is skyrocketing with phenomenal growth.

Cryptocurrency is considered the bad boy of the financial world as it always contradicts the very essence & foundation of a financial currency.

If you are currently an Ethereum investor and want to find out what the future holds? Or you are just new to this Ethereum hype and thinking of purchasing these assets, well, you’re on the right page as I’m going to unveil the future of Ethereum

The hype of positivity surrounding cryptocurrencies and Ethereum potential is so high, many are left wondering, will Ethereum rise like Bitcoin? And how high can the price of Ethereum go?” This price prediction guide of Ethereum will help you see a clearer picture of the expected growth and the predicted value of Ethereum over the years.

However, to unveil the future of Ethereum you need to dig the past as it contains clues of what will the future holds for Ethereum.

 Digging the Past of Ethereum

There has been a lot of development made by Ethereum in the past years that greatly affects its future.

The future of Ethereum wasn’t always so bright. The infamous DAO Hack sent $55 million of Ether (ETH) into hacker’s hands in 2016. Bitcoin cash and Dogecoin,  a rash of bitcoin clones, made Ethereum look like yet another shiny ornament in a massive cryptocurrency market.

A rash of bitcoin clones like

The strong foundation helps Ethereum quickly recovered from its downfall.  As part of damage control, Ethereum community decided to roll back successfully its blockchain to undo the damage. It regained its number 2 position by 2018.

In 2018 there were three concepts made in efforts to establish a strong future for Ethereum.

According to Coindesk reports,

the three concepts were – the difficulty bomb, ether issuance, and ASIC resistance – since each could have a lasting impact on how the blockchain operates. For instance, these code proposals could alter the regularity of Ethereum upgrades, change the network’s economic policy and prevent specialized hardware from mining on the blockchain.

As Ethereum enters the middle age of its evolution, the year 2019, a pivotal period for Ethereum in terms of development achievements. At the same time the growing popularity of its market-reigning decentralized applications, or ĐApps.

In the later part of 2020, a change that will totally affect Ethereum’s growth, the highly-anticipated rollout of Ethereum 2.0.

The first phase of the planned upgrade will allow Ether holders to stake ETH, the enactment of Ethereum’s shift to Proof-of-Stake (PoS) consensus. By securing ETH in the blockchain in exchange for block reward payments, ETH stakers can benefit through the annual yield that greatly helps improve ETH’s economic bandwidth.

The network upgrade from Proof-of-Work to Proof-of-Stake helps make Ethereum scale and run faster with less computing power.

The Present and Future of Ethereum Combined

Indeed, Ethereum holds advantages in several technological aspects over its rival bitcoin and altcoin. Firstly, it’s a platform that acts more than a coin; it’s more like a contract than a coin. 

Secondly, the speed of transactions, while rival bitcoin takes about 15 minutes to complete a transaction, Ethereum will do the same in under 15 seconds.

Finally, unlimited supply chain - theoretically, unlike bitcoin’s 21-million-coin cap. That means Ethereum won’t run into a mining “wall” and run out of coins to reward miners.

The present of Ethereum, the year 2021, year of blockchain and crypto alike. However, like other cryptocurrencies, Ethereum is as volatile as a moody teenager. Make no mistake.  

Ethereum also tried to magnify stock market gains. Gaining more fiscal stimulus on the way also means higher stock valuations. Cryptocurrencies will naturally follow.

As of April 2021, the value of 1 Ether (ETH) is $2,127.38 USD and still soaring, it has an increase of 286% in just 4 months.

The sky is now the limit it seems as Ethereum has already claimed a new all-time high in 2021. There is still a risk of a double top pattern if a severe correction happens at current levels, but a breakout higher is due any day.

After setting all-time high records, Analysts are expecting Ethereum price to double now; however, the height of the previous base structure is targeting a 1300% rise from the point of breakout. That would take Ethereum's price to as high as $22,000 per ETH.

Continuing the roadmap the fractal presents would take Ethereum to another bear market come 2023 and begin to break out starting in 2025 into a new bull market once again; however, following along with Bitcoin’s trajectory isn’t all positive for Ethereum.

In short, don’t miss this boat. If the broader cryptocurrency market has a good 2021, you can be sure that ethereum will have an even better one.

 Conclusion

We should never forget that Ethereum predictions are like any other’s opinion that is yet to happen.

To sum it all, the Ethereum blockchain is a very good project that will continue to dominate the smart contract sector as progress continues to swipe the market. Indeed, 2021 will be a very interesting year, so I would advise you to keep checking for Ethereum news updates on their development progress.