Cryptocurrency Ethereum (ETH) has been holding a confident 2nd place in popularity for many years – after Bitcoin, of course. At the moment, to buy one virtual coin, people will need to spend almost $ 3 thousand. According to analysts, now is the time to buy cryptocurrency at a “bargain price”, because in a few years it will cost 30, 40 and more thousand dollars.
The experts’ opinion is based on the personal opinion of the well-known employee of the NewsBTC portal Reinaldo Marquez. He said without a shadow of a doubt that as the London hardfork approaches and the transition to Ethereum 2.0 with the replacement of Proof-of-Work (PoW) with Proof-of-Stake (PoS), the price of ETH will grow. The first method for the blockchain to work requires miners who would spend resources on mining coins, and the second involves charging commissions for storing this cryptocurrency.
In addition, according to the NewsBTC analyst, in a couple of years it is Ethereum, not Bitcoin, that will be able to approach the industry whales in terms of transaction volume: Visa and MasterCard. ETH is still far from them, but a hard fork will significantly reduce the distance.