Ethereum (ETH) price surged dramatically on the evening of August 13th, soaring to $4,730, according to data from Coin Metrics .
This price is approaching the all-time high that this cryptocurrency set in November 2021, raising expectations for a new era of growth.
Ethereum is currently the second-largest cryptocurrency by market capitalization (Image: InvestX).
Experts predict that if the buying momentum from cryptocurrency investors continues, Ethereum could continue to rise in price and set an all-time high next week.
This assessment, made by CNBC , reflects optimism about the potential of this digital currency.
With the second-largest market capitalization, after Bitcoin, Ethereum's strong growth not only solidifies its position but also plays a crucial role in driving the development of numerous other altcoins in the market.
Inflows into Ethereum ETFs have reached $1.5 billion in recent weeks and continue to rise, indicating strong demand from institutional investors for this digital asset. This is a positive sign, reinforcing investor confidence in Ethereum's future.
Geoff Kendrick, Director of Digital Asset Research at Standard Chartered, offered an ambitious forecast: the price of Ethereum could reach $7,500 by the end of this year and even surge to $25,000 by 2028.
These figures demonstrate ETH's exceptional long-term growth potential.
Joseph Lubin, co-founder of Ethereum, believes the current period is "very favorable" for Ethereum.
He revealed that more and more companies are building reserves using ETH, similar to how MicroStrategy shifted its entire cash reserve to Bitcoin in 2020. This shows the increasing acceptance and integration of Ethereum into businesses' financial strategies.
Ethereum could continue to rise in price if cryptocurrency investors maintain their current buying momentum (Photo: CNBC).
"There has never been an ecosystem as large and mature as Ethereum. Bitcoin is a special case, but Ethereum is the backbone of Web3," Lubin asserted, emphasizing Ethereum's foundational role in building the future of the decentralized internet.
Ethereum's recent price surge has also propelled co-founder Vitalik Buterin back into the ranks of cryptocurrency billionaires. According to Arkham Intelligence , Buterin currently holds 240,042 ETH, worth over $1 billion, a clear testament to the success and value of the project he initiated.
Source: https://dantri.com.vn/cong-nghe/sau-bitcoin-ethereum-tien-gan-cot-moc-lich-su-20250813222658048.htm
Comment (0)