Maximum Ethereum Price? Will the maximum ever be beaten again?
Ethereum price rises with each update. The transition to Ethereum 2.0 has been discussed on the network for several years but decisive steps towards achieving this goal were made in 2021. The main problems of the blockchain are associated with high transaction fees and the speed of the transfer itself. Moving to Ethereum 2.0 involves solving these problems, due to which the maximum Ethereum price will be surpassed.
On August 5, 2021, there was an update to the network called the "London" hard fork. After the launch of the update, the price of the coin went up by 3.9%, thanks to which speculators earned on this hard fork news. The update includes five changes, three of which significantly affect the price:
- EIP-1559. Some of the blocks are burned when miners are mining Ethereum, which allows the coin price to rise;
- EIP-3554. Makes it difficult to mine Ethereum, which requires miners to upgrade their hardware. Such a system reduces the income of miners at the moment but allows the coin price to rise due to the growing deficit;
- EIP-3198. Reduces the commission at the base rate for all transactions on the network.
The transition to Ethereum 2.0 is not yet complete, so there will be updates on the network that will affect the final coin price. We assume that after the full transition, the maximum ethereum (ETH) price at the moment will reach $10,000 per coin.
Is it profitable to buy Ethereum now?
Over the past year, the coin price has grown 22 times. This is due to several events. The main reason is Bitcoin halving and the general market trend. The accompanying reasons are related to updates in the coin's blockchain itself. Ethereum is the second largest coin by capitalization after Bitcoin, on the blockchains of which many projects operate. Ethereum is the best option for storage, since Bitcoin will no longer be able to show a sharp increase of 3-5 times at the same time, and the rest of the coins are less reliable due to their smaller capitalization.
At the moment, the price of Ethereum is almost at its maximum values, but nevertheless, further growth of the asset is predicted. If there is a downtrend in the entire cryptocurrency market, we are recommended to additionally buy the asset, since an increase in the coin price is predicted to be at least $10,000.
CryptoExchanger online cryptocurrency exchanger provides an opportunity to exchange the most popular cryptocurrency assets. The exchange rate is assigned based on the market price of the assets, which you can see by comparing their value. For example, the exchange of ethereum for tether can be done online at a favorable rate. The user can monitor the current transaction thanks to the automatic update of the application status. Exchange operations in CryptoExchanger are automated and take from 5 to 30 minutes.
