Skip to main content

3 reasons why the Ethereum price can reach $3,000 this year

 


How has the price of Ethereum changed over the last few weeks?

In the past few weeks, the price of Ethereum has significantly increased. The rise in ETH occurred after the rise in Bitcoin. In the weeks after the new year, the price of one bitcoin increased from $16,500 to $23,000. Like Bitcoin, Ethereum experienced a percentage growth.

Within the first few days of 2023, the price of Ethereum was able to increase from $1,200 to $1,260. at 09.01. The first significant increase reached the $1,330 level. The increase became stronger and continued after that. The price was able to stabilize once more after a sharp rise to $1,550. The price increased one last time, sharply, to $1,650.


Reason 1: The Ethereum course comes after the Bitcoin course.

The price of Ethereum has increased in tandem with the price of Bitcoin, as we discussed in the previous paragraphs. The rise in altcoins is primarily caused by the rise in bitcoin. The altcoins are currently in a bear market and need signals from Bitcoin to recover. Following Bitcoin is Ethereum.


Reason 2: Positive changes that began in 2022 are already having an impact.

The Proof-of-Stake consensus algorithm replaced the Proof-of-Work consensus algorithm with the Ethereum Merge. This instantly increased the network's efficiency by 99.9%. This has the benefit that, in the coming months, transaction speed will become less expensive. This improves the network's ability to scale. Currently, the price reflects the benefits of the merger as well.

3. Predictions for a prosperous 2023 are a factor.

On Ethereum, a lot is anticipated for 2023. The addition of shard chains is now going to happen after the merge. The Ethereum Blockchain's scalability is intended to be greatly increased by these shard chains. Many investors anticipate significant events in 2023, which will raise the price of Ethereum.


Investing in ether is a good idea.

At this time, investing in the ether token seems to be very appealing. Theoretically, investing in one of the two biggest cryptocurrencies is "safer" than doing so in smaller coins. However, another price collapse may occur in the coming weeks. As a result, you must determine whether an investment is worthwhile for you.

My Top Picks
Honeygain - Passive earner that pays in BTC or PayPal
MandalaExchange -The Best no KYC crypto Exchange! 
Womplay - Mobile dApp gaming platform that rewards in EOS and Bitcoin
Cointiply - The #1 Crypto Earning Site
LiteCoinPay - The #1 FaucetPay earner for Litecoin 
LBRY/Odysee - YouTube Alternative that lets you earn Money by viewing videos!
FaucetPay - The #1 Microwallet Platform
FREEBTC - The #1 FaucetPay earner for Satoshi's
FireFaucet - An earning site that pays better for some than Cointiply

Comments

Post a Comment

Popular posts from this blog

From offchain to offchain: Statechains meets Lightning

  Without a doubt, the most significant off-chain Bitcoin solution is the Lightning network. But in its wake, the statechain has emerged as an intriguing replacement. There is currently a proposal to link the two offchain networks. From an ocean, for example, you can see sunbeams glistening in the water, waves rippling, and possibly a jellyfish drifting toward the light. But you only see a small portion of it. The distance from the sea's surface to its bottom is hundreds of meters. It has dozens of different fish species swimming in it, crabs and starfish crawling on the bottom, shells clinging to rocks, and sea plants climbing up. A completely new world starts where your gaze diverges. You can picture a blockchain like Bitcoin, just like the sea. What you see on the outside is only a small portion of what is actually there; the set of UTXOs (coins) and transaction history that full nodes store are just the beginning of a much larger world. It's the plan, at least. With Bitcoin
Post a Comment
Read more

MSP Recovery and Tokenology aim to optimize healthcare with the help of Polygon

  MSP Recovery LLC, a Miami, US-based healthcare provider with an estimated enterprise value of $32.6 billion, is partnering with Web3 company Tokenology to jointly launch a new blockchain platform called Lifechain. Lifechain wants to leverage the verifiable and transparent nature of blockchain technology to aggregate medical care claims, medical expense reports and patient data and streamline their processing. For this purpose, MSP Recovery launched its own LifeWallet in January, which already has 1 million users. In addition to the wallet and blockchain platform, an associated crypto token called LifeCoin is also used. The press release explains that the primary purpose of the system is to enable secondary healthcare providers to more effectively bill health insurance companies for their costs. “The number of medical claims tokenized going forward will surpass $50 million per day by 2024. For this we need scalability, security and sustainability, which we have only found with Polygon
Post a Comment
Read more

British financial regulator criticizes cooperation between Binance and Paysafe

  The British financial regulator FCA has expressed concerns about the partnership between market-leading crypto exchange Binance and payment service provider Paysafe. As the British regulator complains, the partnership gives Binance access to the influential British payment network Faster Payments Service (FPS), from which the crypto exchange was previously cut off. Last June, the FCA ordered Binance to stop all business activities in Great Britain. As a result, prominent banks such as Barclays have terminated their cooperation with the leading crypto trading platform . Through the cooperation with Paysafe, Binance can now again offer deposits in British pounds sterling and transactions within the European Payments Area (SEPA). However, this fact is a thorn in the side of the FCA, as it classifies the crypto exchange as a “considerable risk factor”. However, the financial regulator sees little room for maneuver to counteract this, as the Financial Times reports . “ Paysafe understands
Post a Comment
Read more