Ethereum Comes for $3,500, Bitcoin Next?
Author : crypto india | Published On : 12 May 2021
Ether to the Moon
As of May 4, 2021, the all-time price high of ether is $3,456.57. Now, crypto experts are predicting ether hitting the $3,500 mark at some point this year. This is besides the fact that ether has already seen a 300% price increase since the beginning of 2021 and only has more to gain.
In fact, there is some speculation that ether could eventually flip the price of Bitcoin. This is based on the fact that ether has one thing that bitcoin does not which is a very practical use of blockchain behind it. The fortunes of a cryptocurrency are often tied to the use and the success of the blockchains behind them.
While bitcoin had a head start in the cryptocurrency market and is more known than ether, there are more use cases for the Ethereum blockchain and this seems to only be expanding as time goes on.
On top of this, there is the highly anticipated Ethereum 2.0 upgrade that is expected to go live at some point in the near future. This upgrade will address certain issues that exist within the Ethereum ecosystem such as scalability and security. Once these are fully addressed, more people than ever will use Ethereum for a wide number of cases in a way that the Bitcoin blockchain just is not being used.
Given that the price of ether is now looking to the $3,500 mark and beyond, bitcoin might have some formidable competition on its hands in the future.
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