Thinking that to invest in cryptocurrencies it is necessary to know each project, I share a brief summary of Ethereum.
Ethereum #ETH was created in 2015 and has established itself as one of the leading platforms for smart contracts and decentralized finance (DeFi). Over the years, its creator and team have faced technical and competitive challenges, to the point of being a pioneer in the adoption of blockchain technologies and the creation of decentralized applications (dApps).
What could happen in the coming months?
• Challenges: In recent months, Ethereum has experienced a 40% decrease in its price, due to increasing competition from other cryptocurrencies like #BTC , #SOL , and #CARDANO . Additionally, factors such as the popularity of memecoins and the decision by the Trump administration not to acquire #ETH for its cryptocurrency reserve have contributed to this situation. Internal technical developments and delays have also played a role.
• Price forecasts: Financial Times has published optimistic perspectives on Ethereum through some analysts. For example, Venture Founder identifies an ascending triangle pattern that could drive the price of Ether to $15,937 by May 2025. Additionally, PricePredictions.com estimates that Ethereum could reach maximum prices of $6,174.78 in April and $6,396.03 in May 2025.
• Institutional: On the other hand, the British bank Standard Chartered has projected that Ether (ETH) could reach USD 10,000 by the end of 2025. This financial institution attributes this potential growth to the influx of institutional capital driven by exchange-traded funds (ETFs), whose impact could consolidate in the coming year. (published in criptonoticias.com)
In summary, we can say that ETH has consistently shown resilience over the years, making it one of the preferred stablecoins in the market and among long-term investors.
In Binance, ETH staking allows you to convert to WBETH and trade with rewards, which increase the value of your ETH, opening up another world of investment possibilities.
Tell me, what do you think about these predictions? Do you agree with them?
