Categories
Cryptocurrency

Top 5 Altcoins 2021

Many experts predict Bitcoin price will achieve a price of $100-200K. Although we can’t advise you on what you should invest in, we will share some options for the top 5 altcoins 2021 which many investors are buying. In addition, we will discuss what cryptocurrency is, the pros and cons of owning cryptocurrency and some future price predictions.

2021 is definitely going to be a big year for Bitcoin and Ethereum, as well as several other cryptocurrencies. As institutional investors flood into Bitcoin and Ethereum, prices for altcoins are expect to rise exponentially. As they say, “a rising tide lifts all boats.” We will discuss why these two cryptocurrencies deserve serious consideration as the top 5 altcoins 2021. In addition, we will also briefly discuss some other cryptocurrencies worth noting.

What is Cryptocurrency?

Cryptocurrency is a digital asset. Payments occur between individuals on the internet. In addition, the best cryptocurrency uses cryptography to secure transactions on a network. Block chain technology is part of what makes the network secure. Miners use powerful computers to solve advanced equations in order to earn Bitcoin or other cryptocurrencies. Finally, mining makes the distributed ledger network secure. In addition, it ensures that transactions are complete. As a result, no one can cheat the system.

What is Block Chain?

The block chain stores data on a public database. The blocks of information include transaction data, participant data and distinguishing data. Moreover, each block of data stores thousands of transactions under cryptographic lock and key. A network of computers operates the blockchain. They make the network run and keep it secure by solving algorithmic hashes. The network computers earn cryptocurrency for their work. Finally, the bitcoin block chain technology uses a distributed ledger. Bitcoin’s network security hinges on the distributed ledger that the network participates in.

Ethereum: A Block Chain Project That Uses Smart Contracts to Power Other Projects

Ethereum is an open-source, decentralized block chain project. It is known for its smart contracts. It provides open access to money, via the Ether cryptocurrency coin (ETH), and technology, exemplified by the thousands of applications that are operating on the Ethereum network. The ETH coin of Ethereum is second only to bitcoin in market capitalization.

Like Bitcoin, Ethereum is a Proof of Work consensus system. This means that powerful computers all over the world are continuously solving complexed equations in order to build blocks on the Ethereum block chain. Whichever machine or miner solves the problem quickest, completes the block and receives a reward as payment: ETH coin.

Although Ethereum shares some features with Bitcoin, such as being able to make peer-to-peer transactions, they serve different purposes and audiences. Bitcoin was the original decentralized payment system. As a result, banks do not manage payments. Ethereum’s primary purpose is to serve as the core block chain on which newer projects operate.

Ethereum uses a payment system for ETH. In addition, it implements smart contracts which allows entirely new projects to run on top of the Ethereum block chain. For example, in November 2017, the decentralized application “CryptoKitties” was launched. It is a digital collecting and trading app of virtual felines that works on Ethereum. As a result, Ethereum may be one of the top 5 altcoins 2021.

Reasons Why Ethereum May Be One of the Top 5 Altcoins 2021

  • Industry leader in smart contracts
  • Widespread use and adoption
  • $40 Billion market capitalization
  • Home of block chain decentralized applications (DApps)
  • Well established decentralized payment network
  • Serves as the block chain base for hundreds of projects
  • Independence from Banks
  • Border-less Payments
  • Low Fees

Other Cryptocurrencies to Consider

Here are some other cryptocurrencies that are worth looking at more deeply. Although Bitcoin is the most dominant and most secure cryptocurrency, there are many other cryptocurrencies that have strong security and strong use case value. A cryptocurrency investment portfolio may include other cryptocurrencies.

Cardano (ADA)

Named after Gerolamo Cardano, a 16th century Italian polymath, the Cardano project began in 2015. It is an open-source software project. Moreover, it innovates the design of cryptocurrency. Cardano has a long-term plan called the Road Map. Cardano’s most notorious feature is its implementation of peer-reviewed research. Research and peer review are a part of project development. It has a $27Billion market capitalization in 2021, which is 9X higher than just a year ago in 2020.

Ada price prediction

A team of academics, researchers and developers manage Cardano. They focus on solving cryptocurrency problems. Moreover, Cardano doesn’t focus on one use case scenario for cryptocurrency; instead, it appears to be tacking many problems at once, such as currency, proof of stake, smart contracts, scalability, security and even scripting. In addition, Cardano uses the delegated proof-of-stake method to maintain the network functionality. This is different because it is more efficient for electricity consumption. Cardano is the closest and most powerful competitor to Ethereum. It is also the most decentralized smart contract token, making it a favorite of investors. Cardano is definitely one to watch if you are looking for one of the top 5 altcoins 2021.

Chainlink (LINK)

Developed in 2017, Chainlink is a decentralized network that connects smart contracts with real world data. Furthermore, the Chainlink decentralized oracle network is operated by node operators. In addition, operators that maintain nodes are paid LINK cryptocurrency. The nodes connect the system like links in a chain. Chainlink runs on the Ethereum network and plays a critical role in execution of smart contracts. It is one of the new rising stars of the cryptocurrency revolution and one of the top 5 altcoins 2021.

Polkadot (DOT)

polkadot cryptocurrency

Another new rising star in the cryptocurrency space is Polkadot. The Web3 Foundation created Polkadot. Its primary function is to facilitate the operation of block chains together. The DOT coin functions in three ways: staking, bonding and networking. Finally, Polkadot contains special tools like specialization, scale and inoperability which act as catalysts between block chains.

Binance Coin (BNB)

Binance coin is a utility token. It is used to pay for Binance exchange fees. In addition, it also helps power the Binance decentralized exchange (DEX). The Binance coin is a deflationary coin. It is burned frequently by Binance. Part of the reason that BNB is so popular and successful is due the success of the Binance exchange. Binance is definitely a strong consideration when looking for one of the top 5 altcoins 2021.

Bonus: More Top 5 Altcoins 2021

The altcoins discussed so far have demonstrated longevity, strong communities and real use cases for their growth and development. We believe they are legitimate projects and not $h*t coins. Here are a few more altcoins that are a little riskier, but offer more growth (and profit) potential (Remember: do your own research before investing).

  • Elrond (EGLD)
  • Aave (AAVE)
  • Uniswap (UNI)
  • Oasis Network (ROSE)
  • Ramp (RAMP)
  • Synthetix (SNX)
  • Zilliqa (ZIL)
  • VeChain (VET)
  • Kyber Network (KYB)

Note: Some of these altcoins may be more difficult to obtain, especially for US Citizens. Again, these are high risk, and you can easily lose money here. Buyer beware.

Pros of Owning Cryptocurrency

Owning Cryptocurrencies May Save A Failing System

Owning cryptocurrencies requires that you have a future vision that is radically different than our current banking system. In addition, cryptocurrency is inherently risky and volatile for investors. However, many believe that cryptocurrency investment is a vote for monetary freedom and independence from governments.

Bitcoin doesn’t require using a bank; the bitcoin holder is the bank. Making borderless payments between friends became easier and more private. In addition, Bitcoin is deflationary, with only 21 million Bitcoins available for use. And, if you are starting to have doubts about government money printing and overspending, then Bitcoin is an obvious candidate for safe-haven status.

Furthermore, it is clear that the US Dollar and many other leading world currencies are struggling. Central banks around the world are printing larger sums of cash to cover debts and expenses, which weakens the currencies. As a result, investors are looking for safe places to maintain their wealth and currencies like the US Dollar become weaker. Cryptocurrencies can be an option for investors looking for a place to park their cash.

Cons of Owning Cryptocurrency

Fraud, Theft and Volatility Are Still Issues with Cryptocurrencies

There are some cons to owning cryptocurrency. In addition, cryptocurrency and the block chain space are a very new industry. Bitcoin is only 11 years old and there have been growing pains in the space. First, cryptocurrency has been vulnerable to fraud in the past. For example, $800 Million worth of Bitcoin was stolen from “Mt. Gox” crypto exchange in 2014. Second, scams have been a problem in the industry, especially with new projects. Finally, price volatility has frightened away many new potential Bitcoin users.

Future Predictions of Bitcoin and Ethereum Prices

Reputable Investors Foresee Exponential Growth in Bitcoin and Ethereum Markets

It seems clear that in 2021, Bitcoin and Ethereum will begin the next phase of expansion and adoption. As a result, the price of both cryptocurrencies will likely go much, much higher. These are certainly important when determining the top 5 altcoins 2021.

Anthony Pompliano and Max Keiser, two well-known investors in the Bitcoin space believe that Bitcoin price will exceed $100,000 in the next few years. Other investors like Mike Novogratz and Chamath Palihapitiya believe Bitcoin price is destined to go even higher to levels like $400,000 and $1,000,000, respectively.

-CoinMarketCap Bitcoin Price Chart

As for Ethereum, investors are optimistic about its future price as well. Ethereum’s market capitalization was only $40 Billion in 2020. It has recently reached $200 Billion in market cap and is rising. Continual adoption of Ethereum by institutional investors could easily lead to a $1 Trillion market capitalization, equating to a $4,000-5,000 ETH price. Investors such as Nigel Green and Blockfyre co-founder Simon Dedic predicted much higher prices ($2,500 – $9,000) for Ethereum in the future.

It should be noted that several of the investors mentioned are worth Billions cumulatively and have a clear track record of investing in markets. As a result, their predictions should be seriously considered.

Altcoin Exchanges and More Information

Hopefully this article has given you some ideas about choosing the top 5 altcoins 2021. When making investing decisions it is important to do your own research and determine for yourself what is a good investment.

In addition, there are many exchanges that can be used to purchase cryptocurrency. Binance, Gemini, Kraken, Coinbase and so many more. Please do your research if you decide to invest. There are many scams in the crypto industry that are searching for an easy mark.

Wrap Up: Top 5 Altcoins 2021

Hopefully you have a better idea of how cryptocurrency works and what the top 5 altcoins 2021 are. This new technology is set to change the world and how we do things online.

If you want to learn more about Bitcoin and cryptocurrency, there are more articles by Piggy Bank Coins below.

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Disclaimer:

It is important to note that Piggy Bank Coins does not provide financial advice. We don’t endorse or recommend any financial investments. Instead, we provide information for educational purposes to those seeking knowledge regarding personal finance. However, in the spirit of transparency, note that the author is an investor in cryptocurrencies, precious metals and some equities.

In addition, The Federal Trade Commission (FTC) requires that Piggy Bank Coins disclose to readers that we may receive commissions when you click our links and make purchases. However, this does not impact our reviews and comparisons. Moreover, we try our best to keep things fair and balanced, in order to help you make the best choice for you.

Categories
Cryptocurrency Money

Fedcoin Vs The US Dollar

In this article we will learn about the new Federal Reserve Bank Coin, or “Fedcoin” vs the US Dollar. In addition, a new Federal Reserve digital dollar wallet is to be created. Finally, we will see how the new digital currency is different from Bitcoin and how the wallet may be used as tool for social engineering.

“Banks, credit card companies and digital payments processors are nervously watching the push to create an electronic alternative to the paper bills Americans carry in their wallets, or what some call a digital dollar and others call a Fedcoin. As soon as July, officials at the Federal Reserve Bank of Boston and the Massachusetts Institute of Technology, which have been developing prototypes for a digital dollar platform, plan to unveil their research, said James Cunha, who leads the project for the Boston Fed.” – Bloomberg News Article, March 22, 2021

Although the Federal Reserve and MIT are planning on revealing their research later this summer, rollout of the Fedcoin electronic currency may take years. Ultimately, the plan appears to be to replace the US Dollar with Fedcoin. Obviously, Fedcoin vs the us dollar will be a big deal which may involve US Legislators.

The Banking for All Act

During the midst of the COVID-19 crisis in 2020, Congress and the Senate quietly passed “The Banking for All Act.” The new law requires Federal Reserve “member banks to maintain pass-through digital dollar wallets” for Americans.

Fedcoin Replacing the US Dollar with a Fedcoin Digital Dollar Wallet

If the rumor is true of Fedcoin replacing the US Dollar, there must be a digital wallet to accompany the Fedcoin.

“Digital Dollar Wallet means a digital wallet or account, maintained by a Federal reserve bank on behalf of any person, for the purpose of holding digital dollar balances.” Website for the United States Congress, S.3571

The new digital dollar wallet is different than traditional banking. For example, interest is paid to the account holder. In addition, there are no minimum account balance requirements or account fees.

The ostensible purpose of the digital dollar wallet is to allow the Federal Reserve Bank to put money into American’s bank accounts. However, instead of collecting your personal banking information, the US Government is creating a new account for you. As a result, Fedcoin replacing the us dollar in the digital space negates the use of the paper dollar.

Additionally, during times of crisis (like the COVID-19 Pandemic), governments can provide welfare payments to citizens. Unfortunately, allowing a central government to control your money may not be a good idea. Clearly, Fedcoin vs the US Dollar will be a controversial change for privacy supporters.

Bureaucrats Control The Money

Some people are concerned that allowing government bureaucrats to control your money via a digital dollar wallet may be giving them too much power. For example, what if the administrators of your digital dollar wallet decide that you are purchasing things that are not acceptable? Perhaps you bought too much beer or cigarettes using your account.

Would the Federal Reserve Bank then freeze your Fedcoin wallet, preventing you from buying anything? If you think this is impossible, it’s not. Governments can easily change citizen’s behavior by controlling money. Furthermore, Fedcoin replacing the us dollar seems to be happening, whether we like it or not. Obviously, Fedcoin vs the US Dollar will be an issue for the future.

China’s Social Engineering Experiment

China Limits Citizens Freedom with Social Credit Score

Think governments limiting citizen’s freedoms is a conspiracy theory? Think again. In early 2019, a report stated that China banned more than 20 million people from traveling. This was because their “social credit score” was too low.

“Skipped paying a fine in China? Then forget about buying an airline ticket. Would-be air travelers were blocked from buying tickets 17.5 million times last year for “social credit” offenses including unpaid taxes and fines under a controversial system the ruling Communist Party says will improve public behavior. Others were barred 5.5 million times from buying train tickets, according to the National Public Credit Information Center. In an annual report, it said 128 people were blocked from leaving China due to unpaid taxes.” AP News Article entitled, “China bars millions from travel for ‘social credit score’ offenses” – February 22, 2019 by Joe McDonald

Social Engineering occurs when governments attempt to influence people’s decisions through incentives or disincentives.

“the use of centralized planning in an attempt to manage social change and regulate the future development and behavior of a society.” – Social Engineering defined, Google Dictionary

The Federal Reserve Exploring Distributed Ledger (Block Chain) Technology

For several years, the US Federal Reserve bank has been researching distributed ledger technology. This technology, also known as block chain technology, is part of the building blocks of the cryptocurrency Bitcoin.

“With these important issues in mind, the Federal Reserve is active in conducting research and experimentation related to distributed ledger technologies and the potential use cases for digital currencies.” – Federal Reserve Governor Lael Brainard on August 13, 2020

Distributed Ledger (Block Chain) Technology: Bitcoin vs Fedcoin vs The US Dollar

The functionality of Bitcoin depends upon miners who contribute to the system. The miners use computers to complete complex calculations which build blocks on the block chain. Miners receive payment subsequent to completion of a block. Without miners, the block chain would cease to operate and transactions would grind to a halt.

As a result, it is unclear how the Federal Reserve Bank will operate Fedcoin and the digital dollar wallets using distributed ledger technology. The new system will likely be a simple, centralized network that does not use the proof of work model of solving equations like Bitcoin. There is no doubt that Fedcoin vs the us dollar as a replacement is under way. However, Bitcoin will remain a decentralized store of value.

It is important to understand that there is a critical difference between the cryptocurrency Bitcoin and Fedcoin. The primary difference is that Fedcoin is a centrally controlled currency. It does not use blockchain technology or a distributed ledger with a proof of work system. Fedcoin is simply numbers on a computer screen. It is created by a central bank.

Bitcoin (BTC) Explained

BTC is a Peer-to-Peer Cryptocurrency Payment System

Bitcoin is an open-source, block chain-based technology. In addition, Bitcoin is a payment system. Furthermore, Bitcoin is secure and anonymous among individuals. Finally, Bitcoin is like digital cash.

Using block chain technology to maintain its functionality, Bitcoin miners contribute to the system. In order for users to send and receive bitcoin, the block chain depends on miners. Moreover, miners use computers to complete complex calculations. As a reward, the miners receive Bitcoin when each block is completed.

Bitcoin was born in January 2009. It is unknown who invented bitcoin; however, a developer named Satoshi Nakamoto (probably a pseudonym) released a 9-page white paper entitled, “Bitcoin: A Peer-to-Peer Electronic Cash System.” The Bitcoin white paper describes Bitcoin’s purpose and how it works.

American Universal Basic Income

There’s a concern among some that digital dollar wallets will lead to the formation of a welfare state in the United States. Moreover, if the Federal Reserve Bank has the ability to print currency to no end, creating money out of thin air, then why not give some directly to citizens?

“Universal Basic Income (UBI) is a government program in which every adult citizen receives a set amount of money on a regular basis. The goals of a basic income system are to alleviate poverty and replace other need-based social programs that potentially require greater bureaucratic involvement.”  –Investopedia, Universal Basic Income

By creating a special bank account or digital dollar wallet for American Citizens, the Federal Reserve Bank opens the door to the welfare state and to collective control of its citizens. This kind of quid pro quo banking keeps the masses under the thumb of government. As a result, Fedcoin vs the us dollar will play an important role in the growing social welfare state. The new electronic Fedcoin will likely be used as a carrot or stick for social welfare.

The New American Socialism: Universal Basic Income

43% of Americans Believe Socialism is a Good Thing

Providing Americans a digital dollar wallet is a form of socialism. Historically, America has been a population that embraced capitalism and entrepreneurship. However, beliefs in the 21st century appear to be changing. In fact, Americans may be approaching a tipping point regarding the adoption of socialism.

According to a 2019 Gallup Poll, 43% of Americans believe that socialism is a good thing. In contrast, only 25% of Americans supported socialism in 1942. Clearly, Americans have shifted to believe that socialism is a positive thing. With Fedcoin vs the us dollar, the former is simply a way for the state to buy more votes for socialism.

The socialist idea of a universal basic income has become a mainstream political issue in 2020. Andrew Yang, an American entrepreneur, ran as a presidential candidate in the 2020 Democratic primaries. One of the policies of his political platform was to create a universal basic income for Americans. He called it the “Freedom Dividend” in which every American would receive $1,000 each month. This idea was wildly popular among many younger voters.

Wrap Up: Fedcoin Vs The US Dollar

It seems clear that Fedcoin vs the us dollar as a replacement is happening now. The Federal Reserve, MIT and others in the US government are working hard to bring the plan to fruition. The new digital dollar wallet will be introduced sometime in 2021 by the Federal Reserve Bank and MIT. Sometime later, everyone in the United States have a digital dollar wallet with Fedcoin in it.

“All Federal reserve banks shall, not later than January 1, 2021, make digital wallets available to all residents and citizens of the United States” Website for the United States Congress, S.3571

Are you ready for Fedcoin?

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Disclaimer:

It is important to note that Piggy Bank Coins does not provide financial advice. We don’t endorse or recommend any financial investments. Instead, we provide information for educational purposes to those seeking knowledge regarding personal finance. However, in the spirit of transparency, note that the author is an investor in cryptocurrencies, precious metals and some equities.

In addition, The Federal Trade Commission (FTC) requires that Piggy Bank Coins disclose to readers that we may receive commissions when you click our links and make purchases. However, this does not impact our reviews and comparisons. Moreover, we try our best to keep things fair and balanced, to help you make the best choice for you.

Categories
Cryptocurrency

Will Ethereum Go Up?

We will answer the question, “will Ethereum go up (in price)?” In addition, we believe Etheis important to our financial future. Finally, we will explain what Ethereum is, what it does and why we are bullish in the long term on it as an investment.

What is Ethereum and Ether?

Ethereum is a Block Chain Project That Uses Smart Contracts to Power Other Projects

The Ethereum project is an open-source, decentralized block chain project. Ethereum is the creator of smart contracts. It provides open access to money, via the Ether cryptocurrency coin (ETH), and technology, exemplified by the thousands of applications that are operating on the Ethereum network. The ETH coin of Ethereum is second only to bitcoin in market capitalization.

Like Bitcoin, Ether is a Proof of Work consensus system. This means that powerful computers all over the world are continuously solving complexed equations in order to build blocks on the Ethereum block chain. Whichever machine or miner solves the problem quickest, completes the block and receives a reward as payment: ETH coin. However, this doesn’t answer the question, “will Ethereum go up?”

Ethereum Smart Contracts

Although Ethereum shares some features with Bitcoin, such as being able to make peer-to-peer transactions, they serve different purposes and audiences. Bitcoin was the original decentralized payment system that didn’t require a bank to conduct payments. Although Ether is used for payment, its primary purpose is to serve as the core block chain for new projects.

Ethereum is a payment system that integrates ETH. However, it goes one step further by implementing smart contracts. It allows new projects to run on top of the Ether block chain. For example, in November 2017 “CryptoKitties” was launched on Ethereum. CryptoKitties was a digital trading app of virtual felines. Ether has always been a top 10 cryptocurrency.

You can learn more about Ethereum in our article entitled, The Fastest Growing Cryptocurrency.”

Ethereum Smart Contracts

Using block chain technology, the Ethereum Network of nodes is a true peer-to-peer world-wide network. Smart contracts are implemented using the Ethereum Virtual Machine (EVM), a specialized computer code that executes instructions in a decentralized, secure manner. While running contracts, Ether uses its own internal pricing fee, which is paid in Gas (GAS).

How Ether is Different from Bitcoin

When Bitcoin was introduced to the world in 2009, it was created to be a decentralized, peer-to-peer payment system. Bitcoin was essentially digital internet cash. Both Ethereum and Bitcoin use block chain technology and a proof of work system. However, Ethereum is used not only as a payment system using Ether (ETH), but it goes one step further by implementing smart contracts and allowing whole new projects to run on top of the Ethereum block chain. For example, in November 2017, the decentralized application (DApps) “CryptoKitties”, a digital collecting and trading app of virtual felines, was launched using Ethereum. Overall, CryptoKitties was a success, but also showed that Ether had more growing to do. In addition, these early DApps demonstrated real use cases for Ethereum, which changed the future of Ether in a big way.

Ether 2021 and Beyond: Will Ethereum Go Up?

Fast forward to the cryptocurrency scene of today. Despite a market collapse store of 2018-2019, Ethereum has continued to grow rapidly. There are several hundred thousand developers actively working on the Ethereum block chain and related projects in different capacities. Currently there are over 600 DApps successfully operating on the Ether block chain network. And with so many big players involved and future growth assured, Ethereum promises to be exciting to watch in the future. Clearly, each new DApp increases the Ether price prediction expected from investors and crypto experts. It seems clear that the answer to the question, “will Ethereum go up?” is “yes.”

Ether Doesn’t Compete with Bitcoin

Although Ether shares some features with Bitcoin, such as being able to make peer-to-peer transactions, they serve different purposes and audiences. Bitcoin was the original decentralized payment system that didn’t require a middleman bank to conduct payments. But, although Ether is used for payment sometimes, its primary purpose is to serve as the core block chain on which newer projects operate.

Ethereum Adoption is Growing Rapidly

Many investors believe in Ethereum’s technology; however, they want to know will Ethereum go up. There are a couple of things to understand about the Ether price prediction and its growth. First, Ether is growing in popularity and use worldwide. It is being rapidly adopted by smart contract users who require it for blockchain projects. Second, Ether is growing in price. There are many other known examples of institutional investors who have begun investing in Ether. With traditional banking and financial systems beginning to crumble, smart investors are beginning to look for a new, safer place to secure their investment.

Pros of Owning Cryptocurrency

Owning Cryptocurrencies May Save a Failing System

Owning cryptocurrencies requires that you have a future vision that is radically different than our current banking system. In addition, cryptocurrency and the Ether price prediction are inherently risky and volatile for investors. However, many believe that cryptocurrency investment is a vote for monetary freedom and independence from governments. However, the question still stands: will Ethereum go up?

Currently, many countries throughout the world are struggling with debt. As sovereign debt climbs higher in the United States, there doesn’t appear to be an effort to keep the financial system from boiling over. In addition, inflation for many people has become a problem and prices are going higher. Many investors are looking for an alternative investment from an overpriced stock market and real estate market. Cryptocurrency may be a safer place to invest and the Ether price prediction is positive at this time.

Will Ethereum Go Up?: Potential Investments for 2021

In early 2021, Bitcoin is trading around $60,000 per coin. There are many analysts who are estimating an even higher Ether price prediction for BTC, even as high as 6-figures in late 2021. But even more importantly, Bitcoin and other cryptocurrency may break the banking chains that imprison us today. And it’s no longer a conspiracy theory to discuss cryptocurrency. Respected investors are taking it seriously like never before and the Ether price prediction is looking bright.

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Future Ether Price Prediction

Reputable Investors Foresee Exponential Growth in Bitcoin and Ethereum Markets

It seems clear that in 2021, Bitcoin and Ethereum have begun the next phase of expansion and adoption. As a result, the price of both cryptocurrencies will likely go much, much higher. In addition, these may be the best cryptocurrency to buy in 2021. However, there are other good choices as well.

Ether Price Prediction: $35,000?

Will Ethereum go up as high as $35,000? Investors are optimistic about the Ether price prediction. Because Ethereum’s market capitalization is only $300 Billion, there is a lot of room for growth. Continual adoption of Ether by institutional investors could easily lead to a $600-900 Billion market capitalization, equating to a $5,000-7,500 ETH price. Investors such as Nigel Green and Blockfyre co-founder Simon Dedic predicted much higher prices ($2,500 – $9,000) for Ethereum in the future.

Several of the investors mentioned are worth Billions cumulatively and have a clear track record of investing in markets. They have been advising investors of which is the best cryptocurrency to buy for years. As a result, their predictions are very serious.

In January 2018, Ether rose above $1,200, which was the all-time high for the token. As of the writing of this article, Ether has reached $2,500. With Bitcoin nearing its all-time high of around $60,000, there’s no reason to think that Ether can’t do the same in the near future. As a result, the next target for Ether is probably $3,000 and it will likely happen later this year.

Prime XBT: $35,000

In an article written in November 2020 by Prime XBT, Ether price is predicted to exceed $750 by the end of 2020, which so far is correct. They go on to predict that Ether will likely approach $1,400 in 2021-2022. They subsequently predict a price of $35,000 Ether by 2025!

Simon Dedic: $9,000

Another cryptocurrency expert who has been in the space since the early days is Simon Dedic. Simon presented at the first Bitcoin conference and has been a Bitcoin hodler for a very long time. He also wrote the first book related to Bitcoin. Many people have made their Ether price prediction, but when Simon speaks, smart people listen. He’s on record saying that Ether will reach approximately $9,000 someday.

Other Notable Ether Price Predictions

James Todaro believe that Ether will have a $1 Trillion market cap (this equates to $8,900 Ether)

Crypto Research Report predicts that Ether will reach almost $3,500 by end of 2025

CoinSwitch predicts that Ether will rise to $3,800 by 2025

Crypto Rating estimates that Ether will reach almost $11,000 by end of 2025

PBC Ether Price Prediction: Will Ethereum Go Up in Price?

$3,000 – $9,000 Price Range for Ether Based on Gold Market Capitalization

It seems clear that in 2021, Ethereum has begun its next phase of expansion and adoption. As a result, Ethereum’s price will likely go much, much higher. We at Piggy Bank Coins believe the future is bright for Ethereum. We have made a clear case that Ether is a strong store of value, a deflationary asset with limited supply, strong security and a growing network of users.

Historically, Ether price has fluctuated, which hurt its reputation. However, Ether price has stabilized over the past 2 years. As the world economy stumbles through a massive recession and the US Dollar struggles to maintain relevance in a changing world economy, Ethereum may be the answer.

Will Ethereum Go Up in Price? Future Ethereum Market Capitalization $600 Billion is Reasonable

ether price prediction

According to the Visual Capitalist, the world gold market is valued at approximately $10.8 Trillion. Less than half of the value is in jewelry. Therefore, we can assume that gold, the world’s favorite “store of value,” is a $5 Trillion market. Ethereum has a market cap value of only $300 Billion (6% of gold’s value). Imagine what Ethereum will be valued at when it begins to realize its place as the digital silver to Bitcoin as Gold. An Ethereum with a market capitalization of $600 Billion is not beyond reasonable calculation for our Ether price prediction.

A Ethereum market capitalization of $600 Billion equates to $5,000 Ethereum, priced in US Dollars. Pricing Ethereum in this range does not require much imagination. In addition, we have not factored in price impacts such as US Dollar devaluation/failure, other money supplies moving to Ethereum (M1, M1, M3, etc.), institutional adoption, and so much more. The Ethereum sleeping giant has awakened. Are you ready?

Wrap Up: Will Ethereum Go Up and More Information

Hopefully this article has helped you make a better decision about cryptocurrency investment and better answer the question, “will Ethereum go up?”. There are many exchanges that can be used to purchase cryptocurrency. Binance, Gemini, Kraken, Coinbase and so many more. Please do your research if you decide to invest. Finally, our Ether price prediction is simply a guess and anything is possible. There are many scams in the crypto industry that are searching for an easy mark. If you want to learn more about Bitcoin and cryptocurrency, there are more articles by Piggy Bank Coins below.

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Disclaimer

It is important to note that Piggy Bank Coins does not provide financial advice. We don’t endorse or recommend any financial investments. Instead, we provide information for educational purposes to those seeking knowledge regarding personal finance. However, in the spirit of transparency, note that the author is an investor in cryptocurrencies, precious metals and some equities.

In addition, The Federal Trade Commission (FTC) requires that Piggy Bank Coins disclose to readers that we may receive commissions when you click our links and make purchases. However, this does not impact our reviews and comparisons. Moreover, we try our best to keep things fair and balanced, in order to help you make the best choice for you.