Ethereum hardly needs an introduction. According to the CEO of Citadel, the next largest cryptocurrency will be based on the Ethereum blockchain. And it should replace Bitcoin as the reigning champion in the market. Here’s why – and where – you should buy Ether, Ethereum’s token.
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What is ETH?
Ethereum is a decentralized open-source blockchain system that has its own cryptocurrency Ether. ETH works for the execution of decentralized smart contracts and as a platform for a variety of other cryptocurrencies.
Ethereum was created by Vitalik Buterin, who first described it in a white paper in 2013. Buterin and the other co-founders conducted a public online crowd sale in 2014 to secure funding for their project, which proved to be extremely successful.
Should I buy ETH today?
Ether could remain on an uptrend. However, trading volumes, active addresses and other important key figures have decoupled from the rising value. According to the blockchain analysis company Santiment, this indicates an upcoming bear run. This could be a good time to buy ETH before the price rises again.
ETH Price Prediction
Ethereum hit an all-time high of $4,865 on Wednesday. The bulls are aiming for the $5,000 mark for the near future. Some analysts predict that Ethereum will one day overtake Bitcoin. Based on the price forecasts of Wallet Investor, Ethereum will continue to rise in the long term. They predict $11,200 per 1 ETH in five years. This means that your turnover will be around 331% if you buy ether now.
ETH social Media
The #Ethereum Cup and Handle breakout continues…
Price Target: $6,600+ pic.twitter.com/1K0fzDmbo8
– Matthew Hyland (@parabolic_matt) November 8, 2021