Cryptocurrency Ethereum surpassed US$4000 mark

by Ashish

If at the weekend the Ethereum cryptocurrency was just approaching the $ 4,000 mark, today it confidently stepped over it: at the time of writing the news, the Ethereum cost is $ 4,115: growth per day – by almost 5%, in a week – by more than 30%.

As a result, the market capitalization of Ethereum reached $ 476 billion – this is already almost half of the capitalization of Bitcoin. However, $ 4,115 is far from the limit. According to Megan Kaspar, co-founder and managing director of the investment company Magnetic, Ethereum will rise in price to $ 8,000 – $ 10,000 by the end of the year.

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Approximately the same estimates regarding the growth of Ethereum were given by analysts of Fundstrat Global Advisors: earlier they predicted a rise in the price of this cryptocurrency to about $ 10,500.

But this is not the limit: according to Kaspar, against the background of the announced major update of Ethereum EIP 1559, which implies a decrease in the number of tokens, for several years active investments in this cryptocurrency can push its value to $ 100,000 mark!

(Source)

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