Ethereum Crossed the $4,100 Mark and Broke Into the Top 20 Global Assets by Capitalization, Coming Close to Visa and Samsung
OREANDA-NEWS. Ethereum crossed the $4,100 mark and broke into the top 20 global assets by capitalization, coming close to Visa and Samsung.
The volume of Ethereum on exchange wallets continues to decline from August 2020, reducing the supply of the asset. Earlier, experts from the «Kraken» exchange allowed the rise in the price of the cryptocurrency to $15,000, «Fundstrat» analysts were a little more modest and predicted the growth of the Ethereum rate to levels above $10,000 in 2021.
Representatives of the American financial holding company «JPMorgan» believe, that the superiority of Ethereum over Bitcoin in recent years has fundamental reasons.
According to Megan Kaspar, co-founder and managing director of the investment company «Magnetic», by the end of the year, Ethereum will rise in price to $8,000-10,000. Kaspar said, that against the background of the announced major update of Ethereum EIP 1559, which implies a reduction in the number of tokens, within a few years, active investments in this cryptocurrency can push it's value to around $100,000!