Right now, all eyes are on Ethereum as the crypto investment space continues to heat up. The native cryptocurrency of the Ethereum blockchain network is stealing the limelight from rival Bitcoin. On May 3, it breached $3,200 for the first time, market dominance jumped, and Bitcoin fell. What is the Ethereum price prediction for 2025 and when will it hit $10k?
Bitcoin and Ethereum (Ethereum) are considered blue-chip cryptocurrencies, in part because of their high prices and credibility. They also have had a high return on investment since their inception and are also widely supported by crypto exchanges and brokerages. While Bitcoin is known as digital gold, many consider Ethereum to be digital oil. Learn more Eth Price Prediction 2025
Why Ethereum is on the rise
Ether’s share price has hit several new all-time highs in the past week. Ether’s rise can be attributed to several factors that have influenced Ether’s demand and made investors believe that its price will rise in the future.
The rise of Defi is the main reason for the rise of Ethereum. The Ethereum blockchain is where most Defi projects launch. This token is used to facilitate Defi transactions on the blockchain. Additionally, blockchain has become a hot commodity for NFTs. Therefore, as more Defi and NFT projects are launched on the platform, investors expect the demand for the token to increase and the price to rise.
The rise of ether has also been accompanied by an upgrade of the ether blockchain. The network is moving from a proof-of-work model to a proof-of-stake model. One of the benefits is that the upgrade will speed up transactions on the blockchain. Faster transaction speeds should attract more projects to the platform and boost demand for ether as the network’s native currency. The upgrade would reduce ether supply and create an environment for the price to appreciate as demand outstrips supply.
Additionally, Ether also appears to be benefiting from crypto investors, who started by diversifying from Bitcoin to Altcoin. The Coinbase initial public offering (IPO) propelled cryptocurrency across the board. For example, Elon Musk’s beloved Dogecoin has also come under fire this year.
Ethereum Price Prediction 2025
The meteoric rise of ether has made Ethereum co-founder Vitalik Buterin a billionaire. Where will the coin be in 2025? Predictions for ether prices vary, but they all tend to be bullish.
Fundstrat predicts that the price of ether could hit $10,000 by the end of 2021. A price prediction of $10,000 implies over 200% above the current price. Fundstrat also made a bullish forecast for Bitcoin, which is expected to hit $100,000 in 2021.
According to the coin price forecast, they predict that ether will reach $5,000 in 2021, rise to $10,000 in 2022, and exceed $20,000 in 2025. The long-term forecast puts the token’s price above $9,000 in 2025. In terms of digital coin prices, they predict the price of ether will exceed $10,000 in 2025.