Why the price predictions of Ethereum are so high and why ethereum very soon can reach 2500-3000$.

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Ethereum as well as Bitcoin is a form of decentralized money.

Blockchain technology & Ethereum:
The first reason for the future growth of Ethereum is Blockchain technology. A blockchain is a distributed ledger that is completely open to anyone. They have an interesting property: once some data has been recorded inside a blockchain, it becomes very difficult to change it. So how does that work?

Each block contains some data, the hash of the block, and the hash of the previous block. The data that is stored inside a block depends on the type of blockchain. The Bitcoin blockchain for example stores the details about a transaction here, such as the sender, receiver, and amount of coins.
A block also has a hash. You can compare a hash to a fingerprint. It identifies a block and all of its contents and it's always unique,

If you want to create a decentralized program that no single person controls, not even you even though you wrote it, all you have to do is learn the Ethereum programming language called Solidity and begin coding. The Ethereum platform has thousands of independent computers running it meaning it’s fully decentralized. Once a program is deployed to the Ethereum network these computers, also known as nodes, will make sure it executes as written. Ethereum is the infrastructure for running Dapps worldwide. It’s not a currency, it’s a platform. Ethereum allows people to connect directly with each other without a central authority to take care of things.

One more very serious reason why ethereum will be growing more and more in 2021-2022 is Solidity and Smart contracts. It’s a kind of the contracts that cannot be changed even by the person who created them) Solidity is the language on which ethereum is operated. It is an object-oriented, high-level language for implementing smart contracts. Smart contracts are programs that govern the behavior of accounts within the Ethereum state.

A smart contract is a self-executing contract with the terms of the agreement between buyer and seller being directly written into lines of code. The code and the agreements contained therein exist across a distributed, decentralized blockchain network. The code controls the execution, and transactions are trackable and irreversible.

Ethereum’s smart contract system was launched with the idea that “code is law”. That is, a contract on Ethereum is the ultimate authority and nobody could overrule the contract smart contracts permit trusted transactions and agreements to be carried out among disparate, anonymous parties without the need for a central authority, legal system, or external enforcement mechanism.

But To which point Ethereum may grow and why?
Long-term price predictions suggest that not only can Ethereum reach 10,000 dollars, but it will also reach prices well above that in the future after breaking above its previous all-time high. Ethereum has already claimed a new all-time high in 2021, and the sky is now the limit. There is still a risk of a double top pattern if a severe correction happens at current levels, but a breakout higher is due any day. Most analysts are expecting Ethereum price to double now that a new record is set, however, the height of the previous base structure is targeting a 1300% rise from the point of breakout. That would take Ethereum price to as high as $2500 per ETH.

Why the price will be growing?
The first reason is the pace of innovation on the platform. Most activity in the cryptocurrency space happens on ethereum. In 2020, we saw the emergence of decentralized finance (Defi). Defi is analogous to the mainstream financial world, but with the middleman, banks cut out.


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*None of this is meant to be construed as investment advice, it's for entertainment purposes only. Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partner websites. The video is accurate as of the posting date but may not be accurate in the future.