ETH To $2,000 Soon

Was looking at my crypto portfolio today and realised that I am down almost 80%, that is a lot, although considering its a bear market, we can say its okay, this loss percentage is calculated based on their all time high price. Then I started remembering one time I was really obsessed with investing in Ethereum, this was when the value of ETH was around $100 and it was the second crypto after Bitcoin. But unfortunately I sold it off before it started attaining different all time highs. The value of Ethereum has dumped 60% from its all time high since 2021, but it seems quite secure in terms of price.

The crypto market is still in the bear market period but then we have some that are pumping, some that are still increasing in their respective value then we have others that are just stagnat, that is consolidating. The bitcoin and the ethereum price have been slowly increasing. Remember few months ago we had bitcoin at $16k, and ethereum at $1,400, but here we are with the price of Bitcoin at $30k and the price of Ethereum at $1,922, its just few tens of dollars away from $2,000, which is possible to attain soon. Ethereum has been striving in terms utilities and adoption, we have been seeing a lot of layer 2s getting built on the Ethereum chain, more layer 2 native tokens have been launched and more are launching, a lot of money have been invested in the system.

The next bull market we might see the price of ethereum get to $10k or above that, remember that the price of Bitcoin was once at that price, but I dont think the price of ethereum will ever get to that price of bitcoin which is over $20k because of the supply of ethereum, ethereum doesn’t have a fixed supply, although the deflationary act of ethereum helps reduce the supply of ethereum and not get it be over inflated.

Posted Using LeoFinance Alpha