It won’t be wrong to say that year 2021 is the year of hope. Not only in prospects of health and vaccination but also for the crypto-investors who have invested in Crytpo-assets.
With everyone considering BTC as the safest asset, ETH has shown a great surge with the welcome of 2021. Currently holding the market price of $1,201, according to CoinMarketCap.
It is not fair enough to say that altcoins are flourishing only because of the BTC wave. Especially in the case of Ethereum. If you are treating BTC as the digital gold then for sure ETH is the silver of the crypto-market.
Ethereum Getting in Minds of Investors
From the fundamental point of view, Ethereum is a DIY platform for decentralized programs. It is an infrastructure for dApps running worldwide. The language “solidity” is used to write a smart contract using the logic that runs dApps. Thus, Ethereum is the network of computers that run together to replace the centralized model of programs and companies which run the internet today.
And this is the major reason that interests investors in Ether, the only cryptocurrency accepted on the Ethereum network. The strike price of a December ETH option reveals that Ether could reach as high as $10,000 before the end of 2021.
Crypto-analysts had accepted that Ethereum is going to challenge BTC, but it will take time for that phase. But if we talk In terms of growth, for sure, Ethereum has shown what potential it holds.
The pandemic of 2020 has provided a new way we perceive life. The adoption of digital assets has made a significant surge in the price values of digital assets. The digital world is expected to lead the economy soon, and the time has come when the Centralized Finance (CeFi) systems will be replaced by Decentralized Finance, commonly called DeFi systems.