The price of Ethereum, the world's second most popular digital currency after bitcoin, fell on Friday. In November last year, along with bitcoin, Ethereum, the second most popular currency, reached its all-time high, but since then the price of Ethereum has come down significantly. The price of Ethereum declined by 1.31 percent or Rs 3,214 to Rs 2,43,020 on Friday. After this boom, the market capitalization of this digital currency has also increased to Rs 28.9 trillion.
Ethereum will reach new heights this year
Research website Finder and a global research team from a UK-based multinational bank, Standard Chartered also predicted that Ethereum could cross Rs 3.50 lakh in 2021, which it has already crossed. But with the end of the year, there was a sharp fall in its price and its price came down far below this figure. At the moment, experts of the crypto market expect that in the year 2022, its price will see a sharp increase and its price will also exceed the previously estimated figure.
Ethereum will have the most transactions this year
Expressing their opinion on Ethereum, 51 percent of the Finder Research Panel believes that Ethereum will be the most bought and sold cryptocurrency in the year 2022. Whereas 49 percent of the panelists believe that bitcoin will have the highest number of transactions. Investors made a lot of money through this cryptocurrency in 2021, even though the decline that started at the end of the year continues after the start of the new year.
Expected to reach 14 lakhs by 2025
Ethereum is a blockchain-based software platform, the world's second-largest popular cryptocurrency after bitcoin. It was launched in 2015 by Vitalik Buterin. Ethereum is not only a cryptocurrency but also a decentralized app store that helps developers create, publish and distribute applications. Analysts estimate that by the year 2025, the price of one Ethereum can touch the level of $ 19842 i.e. around Rs 14,88,150. Panelists, including Thomson Reuter's technologist Shvemchi Tmbraldep and Shravas Gyanhamat of LMX Group, believe that the valuation and innovation of Ethereum will be boosted. Standard Chartered also believes that the ongoing upgrade will improve the functionality and efficiency of Ethereum.
The right time to buy Ethereum
Analysts say that the price of this cryptocurrency is steadily increasing. So this is the right time to buy Ethereum. However, some panelists have also advised investors to put Ethereum on hold. Although investor interest in it is less as compared to bitcoin, due to its continuous price increase, the expectation of its increase in popularity has increased.
Shreyas Iyer's eyes on Virat Kohli's number-3 batting position in ODI, know what he said
Virat Kohli has played a total of 262 One Day International matches in his career and in 201 matches he has batted at number three. Virat has been holding the number-3 batting position in One Day
Crude oil: Crude oil prices at two-week low, OPEC meeting will be held today
Crude oil prices continue to fall. On Tuesday, Brent crude fell 0.8 percent to a July 15 low of $99.26. Investors took caution due to the slowdown in manufacturing and dwindling fuel demand, which saw
Heart Attack: Breathing broke out in the blink of an eye: People's lives snatched away in a moment while watching dance...
In the recent past, many people have lost their lives due to heart attacks. Some of these cases were such that they attracted everyone's attention and shocked everyone who heard about the incident.
Aftab kept Shraddha's body parts in the fridge for 4 months: The idea to throw the pieces in the forest came at a friend's house
Delhi's Shraddha murder case accused Aftab Amin Poonawala did not immediately throw Shraddha's body into the forest after cutting it into 35 pieces. During interrogation, Aftab told that he had kept
Russia-Ukraine War: US President Joe Biden may go to war-torn Ukraine, said- ready to visit
Russia-Ukraine War: US President Joe Biden has said that he is ready to visit war-torn Ukraine in the coming days. The US President was asked whether he would send officials to Ukraine. Responding to
Preparation for strictness on Facebook-Twitter: Will be able to complain about social media platforms to the government; Grievance Committee will be formed within 3 months
Social media users will soon be able to complain to the central government about platforms like Twitter and Facebook. The government is going to constitute a Grievance Committee in the coming 3
Petrol Diesel Price: Today oil companies have released the prices of petrol and diesel, know the prices of your city
Oil companies have released the prices of petrol and diesel for today. Today companies have not made any change in oil prices. Recently, the government announced to reduce the prices of petrol and
IGNOU Re-registration: IGNOU has extended the deadline for re-registration for the January session, now apply till this date
Indira Gandhi National Open University (IGNOU) has extended the re-registration deadline for January 2023 session till January 15, 2023. Interested candidates can now fill out the registration form at
The Bengal Files: Anupam Kher appeals to people to watch Bengal Files, wishes the makers on the release
Vivek Agnihotri's upcoming film 'The Bengal Files', which was in the news even before its release, has been released in theaters today. Now, regarding the release of the film, Anupam Kher, who is part
CM Yogi held a meeting regarding the preparations for Mahashivaratri in Maha Kumbh and gave special instructions to the officials.
The state is making elaborate preparations for Mahashivratri, the last bathing festival of Mahakumbh. Chief Minister Yogi Adityanath himself is keeping an eye on this festival. On Monday, he reviewed
