Ethereum (CCC:ETH-USD) is leading a pack of cryptocurrencies to new all-time highs just one day ahead of a scheduled development update for the ether network. Dogecoin (CCC:DOGE-USD) and Bitcoin (CCC:BTC-USD) likewise as cryptocurrencies surge ahead of Wednesday’s Coinbase (NASDAQ:COIN) IPO (initial public offering).
Wednesday’s Berlin hard fork is an update to the Ethereum network that will . High GAS fees have been a , particularly as the hype around non-fungible tokens swelled in the first quarter of this year. Those for , but have .
However, the imminent update isn’t the only good news for ether bulls. On Monday, Nvidia (NASDAQ:NVDA)
from sales of a cryptocurrency mining processor (CMP) designed for industrial ethereum mining. Then on Tuesday, Ethereum software developer Consensys just , including JP Morgan (NYSE:JPM) and MasterCard (NYSE:MA).
Speaking of finance, payment processor Visa (NYSE:V) just . All of that comes against a wider backdrop of , with last week.
Wednesday’s Berlin hard fork will be followed by a May 1 hard fork to introduce the EtherLite chain. By switching to a pure proof-of-stake consensus, . Moving to proof-of-stake has been on the Ethereum roadmap for years, but could be , though this would .
Ethereum (ETH) Price Predictions
With Ethereum presently trading just under $2,300, what will ether do next? Here are some Ethereum (ETH) price predictions:
- Yesterday, FXStreet said a breakout above $2,200 would help . Two days ago, the site said Ethereum .
- Benzinga says , based on historical data.
- Coinpedia has a very optimistic Ethereum (ETH) price prediction, saying the token could see dramatic upswing in prices to . They go on to say Ethereum could reach $25,000 by the end of 2022 and $50,000 by the end of 2025.
- Wallet Investor has .
- Trading Beasts predicts .
- Digital Coin Price has an and $6,969 by the end of 2025.
On the date of publication, Vivian Medithi did not have (either directly or indirectly) any positions in the securities mentioned in this article.
