As the second largest cryptocurrency after bitcoin, Ethereum investment has gained a strong foothold in the cryptocurrency market over the past few years. Thanks to exceptional blockchain technology and impressive community support, the future looks incredibly bright for Ethereum.
Ethereum investment has grown significantly over the years as more and more people realize the platform's potential. However, the price of ETH only truly began to rise in early 2021, when the excitement around cryptocurrencies reached its peak. From the beginning of the year to mid-February 2021, the price of Ethereum rose by an astounding 166%.
However, the price of Ethereum mining investment then fell and consolidated until late March 2021, at which point it began a bullish rally that saw Ethereum rise 180% to an all-time high of $4381. This meant a 496% rise since the beginning of 2021.
In May 2021, the price of Ethereum dropped about 60%, which was not really due to factors directly related to them. The cryptocurrency market was dramatically affected by China's crypto regulation, which banned financial and payment companies from providing crypto services. This was a severe shock to the cryptoinvests and led to a significant drop in most major altcoins.
This decline continued until July 2021, when Ethereum began to show growth. During July and August, the price rose about 86%, indicating the positive momentum that this crypto-asset is showing. As of this writing, Ethereum's price shows no signs of stopping, leading many to believe that historical highs could be reached once again.
Due to the factors mentioned in the section above, our forecast for Ethereum over the long term is very optimistic. If you are wondering how to buy a cryptocurrency and are considering investing in ETH, now is a good time to add this coin to your portfolio. Market dynamics combined with a solid ETH scenario make this cryptocurrency one of the most interesting options in the future.
Unlike bitcoin, Ethereum has use cases that can help industries around the world. Due to the nature of the Ethereum platform, large companies are rumored to be considering partnerships with this cryptocurrency. Consensys.net recently reported that JPMorgan will use Ethereum for its own digital token, which greatly increases the credibility of Ethereum.
In addition, the investment in cryptocurrencies that Ethereum can support (which are vital components of dApps) are encouraging more investors to lean toward Ethereum instead of alternatives such as XRP, Cardano, Litecoin or Dogecoin. Finally, Ethereum 2.0 is rumored to be released soon, which, among other things, will significantly increase transaction speeds.
Given these points, our Ethereum 2025 price forecast suggests that this coin will be worth around $10,000. While that seems like a huge number, the potential that Ethereum has sets this coin apart from many other competitors. We believe this cryptocurrency could also overtake bitcoin as the most valuable in the future.
Looking even further ahead, forecast for the price of Ethereum in 2030 is the $50,000 mark. At that point, the Ethereum platform should become an important part of the investing in cryptocurrency. If that happens, our prediction is that the price of ETH will be much higher than it is now. Therefore, we strongly believe that $50,000 is an appropriate price target for 2030, representing a significant increase over the current level.
As our Ethereum forecast showed, the future looks bright for this coin. If you look at the price chart, you can clearly see the spike in May, and the collapse that followed was caused by the announcements of Chinese regulation. However, Ethereum is poised for great success in the future.
One of the most significant changes for Ethereum going forward will be the transition to Ethereum 2.0, in which the platform will move to a Proof of Share (POS) system. In the simplest sense, this will increase Ethereum's scalability and allow it to support thousands of transactions per second with lower fees. In addition, Ethereum 2.0 will further improve the security of the platform and reduce Ethereum's carbon footprint.