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.
I think it will be very difficult to predict the price of eth for the next 5 years, especially now that the market is looking quite bad, it looks like it will be difficult for the price of eth to reach $10K, we know ethereum has unlimited supply even though it has a large market cap but still not can be a benchmark if the price of eth will be able to reach $ 10K, I think maybe the price of eth will reach as you said, but in fact so far the price of eth is still very dependent on bitcoin price movements, if the price of bitcoin goes up of course this will push the price of eth also goes up, and vice versa, so basically the price of eth will only go up if the price of bitcoin goes up even though the two cryptocurrencies have big differences between the two.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.