The cryptocurrency market has been doing well since the hike in Bitcoin (BTC) prices in the last half of 2020. At the same time, the second most valuable digital asset in the world, Ethereum (ETH), showed promising results over many other cryptocurrencies. Recent trading data shows that Ethereum’s price increased threefold in just three months from December 2020.
However, it’s not wise to make an investment decision without strong market research. So, it’s time to understand Ethereum projections of price and the coin’s benefits.
Definition of Ethereum
Ethereum is a digital asset platform with decentralized and open-source services. The goal of Ethereum is to build a global network related to digital currencies and make the data available for public use. The network supports a few futuristic applications like smart contracts, DeFi, NFTs, etc. This has created a strong presence of the asset in the crypto domain.
Advantages of Ethereum
- Financial Inclusion: Ethereum supports banking services for everyone. Having the Internet will allow anyone to borrow, lend, and save in Ethereum.
- Better Privacy: Ethereum applications have better user privacy. You don’t have to give your personal information to use them.
- Peer-to-Peer Services: No third party is required to transfer money or make agreements with a party or individual. Everything can be performed directly.
- No Censorship: Central bank or government regulations can’t be imposed. A transaction can be made using decentralized technologies.
- Commercially Viable: Ethereum is commercially feasible for both small businesses and large corporations.
Price Predictions for Ethereum 2021 – 2025
After reviewing the positive aspects of Ethereum, now it’s time to look at the Ethereum future price.
The popular crypto forecasting portal Wallet Investor predicted that ETH will double in just one year. Furthermore, they predicted strong growth of the asset in the next few years. The site forecasted the year-ending prices of Ethereum for 2021 at $3,661, $5,919 for 2022, $8,439 for 2023, $11,218 for 2024, and $14,021 for 2025.
This website published conservative ETH price predictions from 2021 to 2024. Unlike Wallet Investor, this site is showing that Ethereum will only reach the $4,000 level in the next three years. The TradingBeasts year-end predictions are: $3,115 in 2021, $3,479 in 2022, $3,816 in 2023, and $4,122 in 2024.
Here we can see a strong ETH pricing indication by Long Forecast. They predicted that Ethereum will close at $4,952 in 2021. The following year’s price will reach $15,740. However, the price will drop slightly to $14,792 in 2023. The following years will see a massive drop of $7,011 and $6,328 in 2024 and 2025.
Digital Coin Price
Another well-known site, Digital Coin Price, predicted that Ethereum will reach the $9,000 level by 2025. The price movement will be stable and consistently grow in the next four years. The predictions are $4,164 in 2021, $5,203 in 2022, $6,088 in 2023, $7,498 in 2024, and $9,002 in 2025.
Coin Price Forecast
Forecasting from Coin Price also shows stable growth for ETH over the next few years. Like Digital Coin Price, it shows consistent growth from 2021 through 2025. The year-end prices are: $4,411 in 2021, $5,993 in 2022, $8,662 in 2023, $8,646 in 2024, and $8,921 in 2025.
All of the crypto experts have the same opinion about Ethereum’s cryptocurrency — it should have a bright future.
Why You Need to Buy Ethereum Now
With such a large growth opportunity, it is quite obvious that you are thinking, should I buy Ethereum now? Here are the top reasons you should buy Ethereum today.
- Usability: Ethereum is a better technology than Bitcoin with more development scope under one network. The strong accessibility makes Ethereum more suitable for businesses than Bitcoin.
- Strong Backups: The digital asset has strong backing from Fortune 500 companies. The latest news shows that the blockchain has support from Microsoft, Intel, and J.P. Morgan. The efficiency and smart contract feature of the blockchain make it a perfect choice.
- Adoption: Many financial institutions are adopting Ethereum by incorporating digital assets. Even Bank of America is trying out the promising applications of the Ethereum blockchain over other assets.
A Quick Review of Automated ETH Trading at Obolon9
You can trade Ethereum at any traditional cryptocurrency exchange. But, if you want more control over your trading operation, you can try the automated crypto trading system Obolon9. Here’s a quick way to start trading Ethereum at Obolon9:
- Start by creating a name for your scenario. The name should include your purpose for trading and the related digital currencies.
- Then, select a trading scenario. There are multiple trading scenarios preloaded inside the Obolon9 crypto trading system. The system also allows you to customize or import scenarios from other sources like TradingView.
- The next step is to choose the trading platform and the assets you want to trade.
- The platform will ask you to set your parameters. Find the API keys for the trading platform. You can also use the API keys to update profiles. Next, set other parameters like time intervals. When you set the parameters, the automated tool will automatically trigger trades using the numbers you provided.
- Finally, use the “Save and Run” button to complete your setup. Now you can start trading with Obolon9.
To sum up, Ethereum brings good investment opportunities, such as usability and strong backups, for digital currency investors. The project has no censorship and is backed by top institutions. At the same time, top crypto forecasting sites are showing large growth opportunities for ETH in the next four years.
With such Ethereum projections, it’s wise to use the right platform to make maximum profit from future ETH price movements. Since Obolon9 is a trading system with in-built scenarios for performing customized trading operations, you can try it and improve your trading performance. The Obolon9 system offers a free trial period so you can decide whether it’s right for you.