Ethereum made a new record, according to the latest updates Ethereum has hit $2000 in less than 24-hours. It’s just the beginning of the year and we have already witnessed many ups and downs in the Crypto market. But the question stands Will ETH hit an all-time high? or there will be a downfall in the trend?
Over the years, Ethereum has outdone itself and that is explicit in its increasing price and demand. But, the recent gain of the price is worth noting. It is said that many factors lead to this rise. So, What are those factors which caused Ethereum to hit $2000? What is the future of Ethereum in the market? Will, it hit an all time high? What about another cryptocurrency? Keep reading to get to know all your answers.
Ethereum has hit $2000: What Are The Factors?
It is assumed that the reason for the Ethereum trend is the launch the version 2.0. It provides a POW chain which helps in the consistency of the flow of the chain. Speculation also leads to the knowledge that currently around $6 billion Ethereum is locked in. Moreover, the rise in its price is already noted. Further, it is also observed that the way Ethereum is increasing soon, might make the bitcoin trend, a history.
According to the Investment firm, the investor’s interest in Ethereum has always been incalculable or uncertain. It was unpredictable that Eth will hit this high. Some also believed that the scope of rising is there. And we will see the unforeseeable rise of Ether crypto. Also, in 2020, heavy purchases of Ether by frontline Investors added up in reason of Ethereum has hit $2000. Moreover the Crypto analysis Expert, Ki-Young Ju also mentioned it in their tweets.
Will ETH Hit All Time High?
The Ethereum increasing price and demand seems to take a different level. As per the statics skyward purchase is marked. Subsequently, its force seems unstoppable as well. The future is so unpredictable we can’t make statements of any particular assumed future. Likewise, previously we have witnessed Dogecoin upraise and then sudden fall. Similarly, now Ethereum has hit $2000. So, only the future can truly depict that ETH will hit the high road or not.
Stay tuned with the global coverage for more updates.