Could the cryptocurrency bull run be back on the cards? That’s what some crypto commentators are speculating after a broad rally in crypto coin prices. While Bitcoin has surged by 10%, Ethereum has surged by 8%, and many feel this is just the beginning of a price discovery renaissance.
This article details everything you need to know before you invest in Ethereum this week. We cover what the cryptocurrency is and its primary functions, the latest news surrounding the project, and what the next few weeks could hold for Ether.
In addition, we provide an Ethereum price forecast so you can get an idea of what price Ethereum will be in 2021 and beyond. To get things started, scroll down to the section immediately below to find out the best places to buy Ethereum in the UK and worldwide with the lowest fees.
How & where to buy Ethereum online
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What is Ethereum?
Founded in 2015 by Vitalik Buterin, Ethereum is a cryptocurrency, and Ether, or ETH, is its market denotation.
More specifically, Ethereum is a form of blockchain that is designed to transform the way apps function on the internet today. It allows developers to built and operate decentralised applications that don’t require a central presiding authority.
From decentralised finance (DeFi), to blockchain-based gaming and real-time data gathering, Ethereum’s ecosystem is full of some of the most popular and groundbreaking dApps in the entire crypto sphere.
When does Ethereum 2.0 launch?
Ethereum will soon transition fully way from the controversial Proof-of-Work (PoW) consensus employed by Bitcoin to Proof-of-Stake (PoS), which some argue will make the platform more energy efficient, better for the environment, more scalable, and will give it cheaper gas fees/transactions.
This launch is scheduled to happen in three phases. Phase 1 of the Eth2 launch happened back at the start of December in 2020, but there are still two phases to go, so don’t expect a full launch until 2022. This three-stage segmentation of The Beacon Change, The merge, and Shard chains is similar to the Cardano upgrade roadmap.
When is the Ethereum hard fork?
This upgrade is scheduled for August 4th and could generate a meaningful price uptick.
Should I buy Ethereum right now?
If you have conducted due diligence and are bullish about ETH’s prospects for growth, and you are familiar with how to buy ETH coin having read this article, now could be the time to pounce ahead of more positive price action, the London hard fork and the staggered launch of Eth2.
Will Ethereum make me rich?
Some have speculated that Ethereum could one day pass Bitcoin and become the world’s most valuable private cryptocurrency project. If this was to happen, tokenholders who buy in today could be in for enormous rewards. However, don’t expect the road to price accretion to be all plain sailing.
Ethereum price prediction 2021
Our ETH price prediction is as follows: $3,300 by the end of 2021, $4,100 in 2022, and up to $8,200 within 5 years.
Social media coverage of $ETH
Begin controversy here…
— Don't follow Shardi B if you hate money (@ShardiB2) July 26, 2021
— RookieXBT 🧲 (@RookieXBT) July 25, 2021
— Prakash Chand (@askthedr) July 25, 2021
— David Gokhshtein (@davidgokhshtein) July 25, 2021
For the latest news on Ether and other cryptocurrencies that are in the spotlight, check out the Invezz website.
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