Can Ethereum reach a value of $10,000?

However, there are necessary conditions for Ethereum to reach a value of $10,000. One crucial factor would be the continued restoration of investors’ trust in the crypto market, which needs to be widespread to establish a conducive atmosphere for Ethereum’s substantial and sustained growth.

What happened to Ethereum?

Although it might feel like eons, it was just a year and a half ago when Ethereum (ETH -0. 52%) reached its all-time high of $4,644. 33. Since then, a brutal crypto winter has left its mark on the industry as the entire landscape has changed dramatically. In the midst of this bear market, Ethereum lost more than 75% of its value at one point.

What would happen if Ethereum merges to proof-of-stake?

Ethereum has a supply of about 120 million and is estimated to burn roughly 1 million coins annually once it merges to Proof-of-Stake, which would put the supply closer to 110 million by the end of the decade. That would mean the price of ETH would be about $180,000 if ARK’s prediction came true.

Is Ethereum the future of bitcoin?

The decentralized nature of the ecosystem has seen a section of the market align Ethereum with flipping Bitcoin ( BTC) in the future. With the asset also viewed as an investment vehicle, proponents have placed several growth targets that can be achieved as the crypto space matures.