ETH IS NEXT BITCOIN

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22 Jan 2024
22

As per the recent technical charts, in 2023, the Ethereum might stay in the comfortable range between $1,800-$1,900. The currency might face its resistance at $1,760 and see the lowest level of $1,600. The average trading price is expected to be around $1,880.75 with the potential return on investment (RoI) of 5%.
According to Cryptonewz, by the time it is 2025, Ethereum is expected to reach up to the maximum level of $6,500 and with a minimum price of $ 4,500. And for the year 2030, it is expected that the token may go up to a maximum of $20,500, with a minimum price of $14,000. 
Even several veteran analysts and market experts are quite bullish on Ethereum and maintain a positive outlook on Ethereum’s price. Some expect Ethereum to touch even $40,000 by the year 2030. 
Global investment fund house, VanEck, seems quite bullish on Ethereum and believes that Ethereum’s potential is as a “triple-point asset which includes capital asset, a consumer asset and a store of value. VanEck asserts that the market cap for Ethereum could exceed $2 trillion under the right circumstances.
According to Ben Ritchie, managing director of Digital Capital Management, ETH might expect to close the year at the level of $2,500 if everything happens positive around. 
Even popular crypto blogs such as Gov Capital and Traders Union have total faith in Ethereum and maintain a bullish view on the same.  
Gov Capital expects it to touch $7,200 by the year 2025 and Anton Kharitonov, analyst at Traders Union, believes that it might trade in the range of $6196.08 by the end of 2025, and the coin could be worth $31656.34 by 2030. 
And, Bill Barhydt, CEO of trading platform Abra, once said in an interview with CNBC, Ethereum could touch a price of $40,000. This is thanks to the various use cases of the Ethereum blockchain and the Ether cryptocurrency, he said.
Experts believe that the launch of Ethereum 2.0 will be a key factor which might support the ETH in the years to come. ETH 2.0 will largely help in eliminating the key problems which the Ethereum blockchain was facing due to its low transaction processing speed and high transactional gas fees. 
That’s why due to the multiple use cases of Ethereum blockchain and its cryptocurrencies, experts remain bullish on the price of the digital asset.

Will Ethereum ever Outperform Bitcoin?

As they say that anything is possible in the world of cryptocurrencies. So, can Ethereum surpass Bitcoin? Well, if you take an example of the year 2021, then ETH outperformed Bitcoin and gained nearly 400% compared to 66% for Bitcoin.
However, experts believe that due to its unique blockchain and several use cases, Ethereum has a stable future and might even perform better than Bitcoin in future but is unlikely to overtake the price of Bitcoin. That said, ETH has all the potential to be at par with Bitcoin in terms of market cap as it has an uncapped supply unlike Bitcoin.

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