This Thursday (18th), Ethereum crossed the $ 1,900 barrier for the first time and is now trading in the $ 1,930 range, according to data from the Coin Market Cap. Driven by the rise of bitcoin and also by the wave of decentralized finance (DeFI), the currency appreciated 615% in the period of one year.
The currency's appreciation in 2021 is now 160%, as on January 1 it was traded in the range of $ 717.

Some experts believe the platform still has a lot of room to grow, with some speculating that it may be worth $ 2,500 (2021), $ 5,000 (2025), or $ 10,000 (2030) in the future.
Interestingly, almost no one believes in prices higher than that, except the famous youtuber Ivan on Tech, who says that currency may well reach $ 100,000.
Ivan's justification is not so bad, he says that bitcoin is a store of value and Ethereum, on the other hand, targets derivatives due to its DeFi market.
Derivatives represent a $600 trillion market today and, therefore, if the platform achieves some of that, then it can reach $100,000.
On the critical side, there are also those who believe that the Ethereum platform will be surpassed by better blockchain platforms, such as Polkadot, Cardano or Binance Smart Chain.
In early February, CME launched Etherum futures, which started off slowly, much like Bitcoin futures when they were listed in December 2017. The daily volume of Ethereum futures trading at CME doubled and open contracts exceeded US $ 60 million.
The growing institutional demand for Ethereum can also be seen in the investment fund of Grayscale, the largest digital asset manager in the world, which raised its Ether assets to 3.15 million.
The platform's fundamentals are strong and it has many high profile investors, so Ethereum certainly has room to grow, but at the same time it faces strong competition that either wants to take a slice of its market or dethrone its dominance at all costs.
Whether she will survive or not, only time will tell.
Comments
Post a Comment