Ethereum is the second largest cryptocurrency by market cap. Some analysts have gone so far as to predict that Bitcoin could be outperformed in the future. This article explains what Ethereum is, whether it is worth investing in, and the best places to buy Ethereum if you decide to do so.
What is Ethereum?
Ethereum is an open-source, decentralized blockchain system. The Ethereum mainnet acts as a platform for many other cryptocurrencies and for the execution of decentralized smart contracts.
Ethereum was first described in a 2013 white paper by Vitalik Buterin, who secured funding for the project in a public online crowdsale in 2014.
Ethereum's main innovation was the development of a platform that allowed smart contracts to be executed using the blockchain, further amplifying the already existing benefits of smart contract technology.
According to co-founder Gavin Wood, Ethereum's blockchain was designed as a sort of "one computer for the whole planet," theoretically capable of making any program more robust, censorship-resistant, and less susceptible to fraud by running it on a globally distributed public network Node.
Ethereum mainnet hosts hundreds of thousands of ERC-20 compliant tokens, many of which are among the top 100 cryptocurrencies by market cap. These include Tether, Binance Coin, and Chainlink.
Should I Buy Ethereum Today?
Ethereum can be a lucrative investment, but take the time to read price predictions and take all investment advice with a grain of salt.
Ethereum Price Prediction
Wallet Investor is extremely bullish on ETH, predicting that it could surge to $5,328 by this time next year. In 2027, an ether is expected to be worth $16,426.
Digital Coin is more dovish, predicting that the price of the second crypto could average $3,631 this year. They forecast it to rise to $5,569 in 2025 and $11,384 in 2029.
Finally, Price Prediction predicts an average price of $12,391 in 2025. This year, they expect Ether to reach $3,848. In 2030, it is expected to trade for $72,113.
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