Monday, October 25

Big Clue Arrives As Critical History For Ethereum Approaches

Ethereum emerges as an open source, public, chain model based cryptocurrency.

Ethereum has reached its peak in the past few days and has started to decline slowly. Especially in 2021, it managed to become one of the coins that love investors the most.

A new history has emerged about Ethereum with its unique features and interesting value. Ethereum, which rose and fell slightly after the surprising increase in value, finally made predictions about the value it will receive.

Although the final value of Ethereum, which has gone through a critical period, is not yet clear, the final situation is a matter of curiosity for investors.

Ethereum, which is the most curious and read investment advice among crypto currencies after Bitcoin, is expected to rise more in 2021.

Critical Date Approaching for Ethereum

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  • Ethereum is scheduled to be listed on the CME on February 8th.
  • The listing in futures has pushed Ethereum users to two separate views.
  • What was the futures effect seen in Bitcoin in 2017? Will the same effect be seen on Ethereum?
  • What direction are cryptocurrency investors heading?
  • How can the institutional investor take a stand against Ethereum to be listed on the CME?
  • What is the distinct difference between the period when Bitcoin futures were listed and the period we are in?
  • What are the prominent support and resistance areas in Ethereum and Stellar?

Ethereum (ETH) price surpassed $ 1,600 and broke the all-time price record. Two professionals in the industry think that the ETH price will continue to rise in the coming months and years. One of them is that the price can double; another announced that it could go up to $ 10,000.

Ether broke its own price record a week before futures started at CME Group. Hive Blockchain Chairman Frank Holmes and MyEtherWallet COO Brian Norton believe the coming weeks will be bright for ETH.

‘It can double in a few months’

Norton, one of the managers of MyEtherWallet, spoke to Kitco News and shared general information about Ethereum. In the program, how Ethereum works, how it differs from Bitcoin, what kind of features it has were examined. Norton made an estimate for the ether price of over $ 1,700.

Saying that technologies at the base and side chain level are developing, Norton said that Ethereum will have much more use in the coming months. Blockchains compatible with the Ethereum blockchain are increasing in number; It was stated that Ethereum-based applications became popular at the same time. Norton’s comment on the price is as follows:

“(Unlike Bitcoin), the more Ethereum is used, the greater the demand. If demand continues to grow as it is today, the price is likely to double within a few months. “

Imaginary Target: $ 10k Ethereum

According to Hive Blockchain Chairman Frank Holmes, the horizon for the price of Ether is much higher. Holmes; He says that hedge funds do not like to trade with cryptocurrency exchanges and instead prefer futures. In a few days, ether term transaction will be available via CME.

Commenting on this as a “very bullish” development for ether, Holmes said that its user base is growing. In the publication organized by Stansberry Research, under Bitcoin; While ether was compared to silver, it was mentioned how many uses it had.

Emphasizing the importance of the decentralized finance sector, Holmes said, “Ethereum is growing very fast with DeFi. While the price of ether, which is $ 1,400 while bitcoin is $ 19,000, it can be $ 10,000 when bitcoin goes above $ 30,000. said. Holmes did not give a time frame for this.

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