The much-awaited EIP-1559 upgrade will make ETH scarcer than ever. Demand seems to be on the rise lately, although prices have stalled quite a bit because of the bearish market. Projects like Uniswap, Compound, Aave, and even MakerDAO should make ETH more valuable over time. At a price of $2,085 (since the time of this writing), I'd say that ETH is quite a bargain these days.
I'm starting to wonder how much ETH will be worth in the future. After all, it's the best cryptocurrency in the world (besides Bitcoin). If BTC reached astronomical gains within such a short amount of time, then ETH can easily reach "Mars". What do you think? Will $10K per ETH be feasible in the long term? If not, why? What is your price prediction for the next 5 years? Your input will be greatly appreciated. Thank you very much.
There is still a bit of time left before eip 1559 happens however all by itself that won't be enough to make ethereum go to ten thousand dollars. We need to reach to a level where other crypto currencies are going up as well, we are having a green day for example and if we could have a green day for the next 2 weeks then that means we could see a huge increase in all coins.I'm starting to wonder how much ETH will be worth in the future. After all, it's the best cryptocurrency in the world (besides Bitcoin). If BTC reached astronomical gains within such a short amount of time, then ETH can easily reach "Mars". What do you think? Will $10K per ETH be feasible in the long term? If not, why? What is your price prediction for the next 5 years? Your input will be greatly appreciated. Thank you very much.
However know that what will happen in two weeks is known by everyone, people are not idiots and they follow stuff as well, which means price of ethereum because of eip 1559 is already decided and it is this price, people will not suddenly start buying ethereum after it happens, they know it should gain value and they did it before it happens to take advantage of it. However very long term deal could be 10k, just like how after halving bitcoin went up but it took some time, similar could happen to ethereum.