Ethereum hardly needs an introduction. According to the CEO of Citadel, the next biggest crypto will be one based on the Ethereum blockchain, to replace Bitcoin as the reigning champion on the market. Here’s why – and where – you should buy ether, Ethereum’s token.
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What is ETH?
Ethereum is a decentralized open-source blockchain system that features its own cryptocurrency, ether. ETH works for execution of decentralized smart contracts and as a platform for a myriad of other cryptocurrencies.
Ethereum was created by Vitalik Buterin, who first described it in a whitepaper in 2013. Buterin and the other co-founders conducted an online public crowd sale to secure funding for their project in 2014, which proved wildly successful.
Should I buy ETH today?
Ether might remain on an upward trajectory, but trading volumes, active addresses, and other important metrics have decoupled from the soaring value. This indicates an impending bear run according to blockchain analytics firm Santiment. It might be a good time to buy before ether starts climbing again.
ETH price prediction
Ethereum reached a lifetime high of $4,865 on Wednesday. Bulls eye $5,000 in the near term. Some analysts predict Ethereum will pass Bitcoin someday. Based on Wallet Investor’s price predictions, Ethereum will keep rising in the long term. They forecast $11,200 per 1 ETH in five years. This means that if you buy ether now, your revenue will be around 331%.
ETH on social media
The #Ethereum Cup and Handle breakout continues…
Price Target: $6,600+ pic.twitter.com/1K0fzDmbo8
— Matthew Hyland (@MatthewHyland_) November 8, 2021
