Crypto experts had already suspected the future growth of Ethereum and it is coming to become true. The latest news on the potentially profitable cryptocurrency is that it has grown to worth more than $4000 for each unit, growing to these highs in value for the first time.
Ethereum is the second biggest cryptocurrency and it has grown over 2,000 percent in the last year alone. The digital money Ether follows the lead of Bitcoin and offers smart contracts that are swifter and resilient. It possesses more growth potential compared to other available digital money investments in the market.
The idea of the Ether’s value booming to sky highs in a short span could rightly be demonstrated with some facts; one Ether token was worth $186 on May 5, 2020, and a year later a single token is valued at more than $4000 and increasing. May 2021 is one of the lucky months for Ether, a week ago, the cryptocurrency was valued at around $3,000 for each coin, and in such a small span, $1,000 is added to each coin’s value.
The Ethereum blockchain was developed by Canadian-Russian programmer Vitalik Buterin in 2013. Buterin was just 19 years old when he founded Ethereum and now holds over 333,000 Ether tokens worth over $1.36 billion.
Digital money such as Bitcoin and Ethereum have grown astonishingly since the end of 2020. Experts reason this unexpected growth linking it with many factors, including big tech companies using more cryptocurrency and the IPO success of Coin Base.
The long-holding pandemic situation is also aiding the crypto growth, as per the experts. However, it could be a bubble relying on temporary factors and is prone to popping with a sharp decline.
The cryptocurrencies now worth more than $460 billion, seeing most of the boom in value in the previous year. Ether has seen tremendous growth too, along with the announcement of Ether 2.0, the digital money platform since has grown in demand and worth.