Ethereum: coin price reaches $300
The price of the first coin among altcoins, Ethereum, is starting to grow on an unprecedented scale. At the moment, the cryptocurrency has overcome the level of $ 300 and does not intend to stop at the achieved value. Next, we will tell you what to expect from Ethereum soon. We will look at the opinions of leading traders regarding digital silver. We will also discuss the real state of affairs and talk a little about numbers. So, without further ado, let’s get started.
Let’s discuss the coin price
After analyzing the Ethereum price chart, we can conclude that since July 23, the cryptocurrency has entered a growth phase. In about an hour, the coin rose from $ 246 to $ 264 per coin. After that, ETH surpassed the $ 278 mark and reached the level of $ 282 per coin by July 25. And so, literally in a day, the cryptocurrency rose to $ 315. The currency fixed at this mark, then there was a slight decline in value to $ 303. Now the coin is growing again. Most likely, Ethereum headed for $ 400. Most experts agree that the coin will definitely not fall below $ 300. This is likely to happen. After all, if the currency gains 9% of the coin price per day, then the fall is unlikely to happen.
The main reason for the growth is that recently the popularity of Ethereum-based applications has increased dramatically. Projects such as Maker, Aave, Compound and other companies are actively gaining momentum, as a result of which the popularity of ETH is naturally growing. The assets of the listed companies exceeded $ 3.7 billion. Moreover, these are only blocked funds that are not yet planned to be used. The total capitalization of tokens within projects leaves $ 6.7 billion. These are huge amounts backed by ETH. Since Ethereum is used in projects, the demand for the coin and its value naturally increase. At the moment, the situation with the coin price of cryptocurrency is similar to May 2019, when ETH also increased in value due to internal applications. It is also impossible to deny such a fact as the development of coins based on ERC-20.
These assets cannot work without ETH, which means that through their own development, the assets also improve digital silver. Recently, among such assets (mainly stablecoins), Cardano has been actively improving, which reaches new heights and leads to an increase in the price of Ethereum. Now, having understood the situation, we should discuss possible options for the upcoming future. Let’s discuss what traders think about the future of digital silver.
Industry experts say
In fact, the professionals working on price analysis agree. Let’s turn to the opinion of Michael van de Poppe. The specialist masterly predicted that at the $ 308 level, the coin would face resistance, and possibly reverse. But the growth rate will not decrease. And so it happened. Van de Poppe believes that the crypt will soon surpass the $ 400 mark and then begin to grow even more to an unmarked level. The expert shared his opinion on Twitter, most of the commentators agree with the expert and also believe in the success of ETH. However, there are no specific forecasts regarding the growth rate. No specific dates have been announced, however, growth is expected in the near future.
So now you know that Ethereum is growing and is not going to stop there. Follow the news of the second cryptocurrency on the market with us. We publish only relevant and interesting material. Thanks for your attention. See you soon. Good luck!