Home
News
- The new upgrades may help ETH to multiply its value.
- In 2022, ETH may be the most widely used digital currency.
- Heavy user traffic due to the increasing popularity of DeFi and NFTs.
The second-largest name in the world of blockchain and cryptocurrency, Ethereum has reached heights considering the past few.
Potential Upgrades may Help ETH Gain New Heights.
According to an article by Forbes, it is very much possible that Ethereum, with some more network upgrades, boosts its token’s value to a whopping $20000 by the year 2025. The estimated value is almost 400% more than its current value. Ethereum is trading at $3,931.42 and is down by nearly 4% in the last 24 hours. At the start of 2021, ETH soared above $1000 levels; soon after, it broke its record of all-time highs and traded at $4000.
Rising DeFi Craze, a Plus Point for the Ethereum Network
Experts imply that potential upgrades in the network may help ETH reach even greater heights. A panel surveyed by Finder indicated the rising popularity of the Decentralised Finance (DeFi) sector. A majority of the board, including Coinmama chief executive Sagi Bakshi and ConsenSys head economist Lex Sokolin, claimed that by the end of 2022, ETH might be the most widely used digital currency. Moreover, NFTs give greater preference to ETH than BTC when using cases.
Last year, the Ethereum team already started to make the platform even more scalable and reduce the high transaction fees. The panel member BitBull Capital chief operating officer, Sarah Bergstrand, believes that ETH may even cross the $100000 mark in 2025 if the upgrades are implemented in the best way possible. With the new DeFi projects and the increasing popularity of NFTs, the Ethereum platform has been seeing heavy traffic of users in the network.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
