Your capital is at risk.<\/em><\/p>\nEthereum Price History<\/h2>\n
Vitalik Buterin is the creator of Ethereum. He introduced the idea in 2013 and completed the project in 2014 with the help of crowdsourcing. Since then, it has grown in popularity and is now the second most valuable cryptocurrency behind Bitcoin in terms of market capitalization. Ethereum started trading at $2.80 when it was released, but it quickly fell into a trading range of less than $1.<\/p>\n
It would stay that way throughout 2015, as all cryptocurrencies experienced a prolonged bear market. In 2016, the markets began to speed up, and the price of Ethereum steadily increased until it surpassed $13. From there, it traded between $8 and $14 before a crucial event in Ethereum’s history brought attention to the platform’s flaws.<\/p>\n
2016 DAO Attack<\/strong><\/p>\nThe Decentralised Autonomous Organisation (DAO) was founded in 2016. On top of the Ethereum network, this was a system of smart contracts. With the help of several notable members of the Ethereum community, the DAO was able to raise $150 million through a crowdsale. However, disaster hit the DAO when a hacker exploited a flaw in the system and stole $50 million.<\/p>\n
The attack sparked a flurry of discussion in the Ethereum community on how to address the problem. Finally, it was decided to hard-fork Ethereum, undoing the transactions and returning the lost cash.<\/p>\n
Because the fork lacked complete consensus, Ethereum Classic was born, which continued the original chain. To this day, the hard-fork remains a contentious subject, with many questioning Ethereum’s immutability as a result.<\/p>\n
The DAO breach was bound to have a negative impact on Ethereum’s price. After reaching a high of $20, the cryptocurrency fell to $12 before continuing to fall, eventually reaching a low of about $6.30. Despite this, things were about to alter as 2016 came to a close and 2017 began.<\/p>\n
Launch of Ethereum’s “Beacon Live”<\/strong><\/p>\nIn December 2020, Ethereum 2.0 went online, resulting in the creation of a Beacon Chain that could be used to organise Ethereum 2.0’s network of stakers and shards. This tool was created with the intention of being adjusted and enhanced in the future, but it was the most significant step toward Ethereum 2.0 to date.<\/p>\n
The chain was also utilised to prepare the system for sharding. This would entail breaking down Ethereum’s digital architecture into smaller sections in order to aid scaling by expanding the platform’s storage capacity.<\/p>\n
This allowed users to store a portion of the system’s massive and expanding data, making it more robust and scalable and allowing it to ultimately become the “global computer” that its founder Vitalik Buterin always envisioned. Ethereum achieved $601 on December 1, 2020, and reached a high of $739 at the end of the year.<\/p>\n
![\"Ethereum](\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2021\/11\/Ethereum-price-history-1.jpg\")
<\/p>\n
A 10% price crash – common in cryptocurrency markets<\/em><\/p>\nLandmark Events of 2021<\/strong><\/p>\nThe event that undoubtedly caught a lot of attention was the sale of Beeple Art. NFTs, or Non Fungible Tokens, were first introduced on the Ethereum blockchain, and they used digital tokens to represent the sale of things like wine, cars, and art. Christines facilitated the Beeple sale, which was a collage of his ‘Everydays’ project. The NFT was eventually sold for $69 million.<\/p>\n
In March 2021, Jack Dorsey, Twitter Founder auctioned off the first tweet on the platform for charity, generating $2.9 million, continuing the NFT trend sweeping the market. Valuables, an online auction site, organized the sale.<\/p>\n
The value of Ethereum plummeted by roughly 60% in the spring as cryptocurrency prices dropped. It dropped to $1,700 in July after reaching an all-time high of $4,362 in May.<\/p>\n
As the Chinese government sought to prohibit cryptocurrency mining and trade, bearish sentiment impacted on In 2021, the price of ETH increased, similar to that of Bitcoin (BTC), but for different reasons: For example, Ethereum made headlines when a digital art piece was sold for over 38,000 ETH or 69.3 million USD as the world’s most expensive NFT.<\/p>\n
Unlike Bitcoin, which had its price rise as a result of the IPO of Coinbase, the largest crypto exchange in the United States, Ethereum saw its price rise as a result of technological improvements that piqued traders’ interest. First, in April 2021, the so-called “Berlin upgrade” was released on the Ethereum network, paving the door for lower ETH gas costs or lower transaction fees. Second, the advent of Uniswap V3, a smart contract technology in May 2021 is projected to improve Ethereum trading even more.<\/p>\n
Assuming that all of the stages go smoothly, the new Ethereum 2.0 should emerge from the process in a strong position to finally put an end to Bitcoin’s long reign as the king of the cryptocurrency market. Ethereum 2.0 employs the sharding mechanism which enables Eth to scale from 30 transactions per second to 100,000 transactions per second on average.<\/p>\n
This dramatically enhances Ethereum’s capabilities, making it a very intriguing coin to keep an eye on in 2021 and beyond. It will be a reliable system with significantly fewer scaling concerns, a far more comprehensive feature set than its main competitors and therefore a great option for the investors to invest their money in.<\/p>\n
Conclusion<\/h2>\n
Overall, the price trend in Ethereum is bullish and there are high chances of significant gains in the upcoming years. The fact that Ethereum has high use cases in DApps & DeFi industry makes it a proper investment avenue for someone interested in the technological sector.<\/p>\n
It’s often said that ‘the future of the internet is decentralized’, and without any doubt, Ethereum would be a significant contributor in achieving this feat. To invest in ETH and read more Ethereum price predictions from traders check out eToro<\/a>, a social trading platform where investors can share their thoughts on the tokens they buy.<\/p>\nFAQs<\/h2>\n \n \n\t\t\t\t
Is Ethereum a good investment in 2021?<\/h2> \n\t\t\t\t\t
\n\t\t\t\t\t\tWhile the price has already risen by a huge margin, the marketcap of ETH and cryptocurrency as a whole is still small relative to Gold, giving it room to grow long-term and provide worthwhile returns that should at least outperform inflation and bank savings account interest rates. Many investors expect to earn 200-300% over the next few years. <\/p>\n <\/div>\n <\/div>\n <\/section>\n\t\t \n \n\t\t\t\t
Is the Ethereum forecast positive long-term?<\/h2> \n\t\t\t\t\t
\n\t\t\t\t\t\tThe ETH price is still in a bullish uptrend and if it continues to set higher highs and higher lows and remain in its upward channel, it could reach low six-figures over the next decade. Some technical analysts make a case for $25,000 - $30,000 in the mid to long-term. <\/p>\n <\/div>\n <\/div>\n <\/section>\n\t\t \n \n\t\t\t\t
What is an ETH price prediction based on?<\/h2> \n\t\t\t\t\t
\n\t\t\t\t\t\tSome investors look at the marketcap - billionaires the Winklevoss twins for example compared the total current cryptocurrency market capitalization to that of Gold in a 2020 CNBC interview, pointing out it could still increase by a large margin if it were to disrupt Gold as a store of value and hedge against inflation. In the time since then their prediction has begun to look increasingly likely. <\/p>\n <\/div>\n <\/div>\n <\/section>\n\t\t \n \n\t\t\t\t
Where to safely buy and hold Ethereum until 2022, 2025, 2030 etc.?<\/h2> \n\t\t\t\t\t
\n\t\t\t\t\t\teToro is our recommended exchange with 20 million users and has been in operation since 2006. It supports the staking of ETH on its platform, so once you've bought it you can earn passive income while holding. <\/p>\n <\/div>\n <\/div>\n <\/section>\n\t\t \n \n\t\t\t\t
Will Ethereum outperform Bitcoin?<\/h2> \n\t\t\t\t\t
\n\t\t\t\t\t\tETH has been in an uptrend against BTC for 2 years, after crashing in 2018 and entering reaccumulation. The ETH \/ BTC ratio is currently at around 0.07, which some traders anticipate will increase to 0.1 and beyond, to retest all time highs on that trading pair. <\/p>\n <\/div>\n <\/div>\n <\/section>\n\t\t\n
![\"Ethereum](\"http:\/\/insidebitcoins.com\/uk\/wp-content\/uploads\/sites\/10\/2021\/11\/ethereum-price-growth.png\")
<\/p>\n![\"Ethereum](\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2021\/11\/ethereum-technical-analysis.png\")
<\/p>\n![\"\"](\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2021\/11\/Ethereum-price-prediction.gif\")
<\/p>\n![\"Ethereum](\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2021\/11\/Ethereum-price-chart.gif\")
<\/p>\n![\"Ethereum](\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2021\/11\/Ethereum-price-future.gif\")
<\/p>\n![\"eToro](\"http:\/\/insidebitcoins.com\/uk\/wp-content\/uploads\/sites\/10\/2020\/04\/logo-etoro.svg\"){kind=logo}
<\/a>Ethereum is the second-largest cryptocurrency by market capitalization, so it’s no surprise that many individuals in the United Kingdom are interested in purchasing this popular digital asset. You must, however, acquire Ethereum through a reputable brokerage that charges reasonable costs and accepts your preferred payment method.<\/p>\n![\"Ethereum](\"http:\/\/insidebitcoins.com\/uk\/wp-content\/uploads\/sites\/10\/2021\/11\/ethereum-price-action-etoro.png\")
<\/p>\n![\"Copy](\"http:\/\/insidebitcoins.com\/uk\/wp-content\/uploads\/sites\/10\/2021\/11\/etoro-copytrading-popular-investors.png\")
<\/p>\n