For some time now, Ethereum crypto has been in the spotlight. It must be said that its technology allows many more possibilities than the famous Bitcoin. The recent correction hasn't seemed to dampen the ardor of crypto investors.
But this resurgence of popularity for Ethereum is also due to a change in the latter. His transition to Proof-of-Stake is likely to give him a boost for years to come.
We give you all the key points to help you better understand this likely increase.
Ethereum about to experience a new ascent?
Since its release, Ethereum has continued to fuel fantasies in the crypto sphere for its multiple applications. The transition from the Proof-of-Work system to the Proof-of-Stake system is a real leap forward.
The process in question is known as “The Merge”. It should be finished this summer and investors are already anticipating a rise in its value.
Ethereum took advantage of this news and even climbed up to a 60% increase in the last 10 days.
Ethereum took advantage of this news and even climbed up to a 60% increase in the last 10 days.
Investors are already making their first estimates
An Australian comparison platform (Finder) has carried out a study on the Ethereum case. Investors believe that the value of the cryptocurrency will reach $1700 by the end of the year.
As for the years to come, we can expect a significant increase of up to $15,000 in 2030. This is therefore a gain of almost X10 in less than 10 years.
But this forecast increase is subject to conditions. For Ethereum to be able to convince, it is necessary at all costs that the process “The Merge” be completed and carried out without a hitch.
A third of the investors surveyed believe that Ethereum will increase in value directly after its transition. It will probably be a good short-term investment if they are to be believed.
Joseph Raczynski, a technologist for Thomson Reuters, says of Ethereum:
"It's the blue blood of the crypto world… it supports hundreds of billions of dollars in transactions and value, and with thousands of tokens."
For many specialists, Ethereum is the new safe bet in the crypto world. It stands out for its solid technology that will withstand future turbulence.
BitMex Co-Founder Believes Ethereum Will Hit $10K in 2022
The big hitters also harbor high hopes for Ethereum! Hayes, the co-founder, and CEO of BitMex has much more optimistic estimates.
For him, there is no doubt that the second largest crypto will reach $10,000 in 2022. It is based on bull run predictions which will drive the price to new heights.
To keep up to date with Ethereum developments, visit our real-time crypto prices page.
How to buy Ethereum?
If you are convinced and want to buy Ethereum, here is a mini tutorial in a few steps:
- Open an account: register on a well-known online trading platform such as Coinbase, Binance or Capital.com
- Carry out the KYC: this is an identity check essential to the security of your exchanges.
- The first deposit: you will need to send money to your profile to start buying Ethereum.
- Find Ethereum: in the search bar, type the name of the crypto.
- Place your buy order: all you have to do is wait by placing your buy order following the transaction.
Note that there is a difference between acquiring crypto and CFDs. Take a good look when buying.
If you want to make a profit quickly on Ethereum, don't wait too long. The transition from the POW model to POS will be done by the end of the summer!
READ ALSO: Has Bitcoin Been Impacted By Tesla's Announcement?
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