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.
Sourav Ganguly does not consider Glenn Maxwell's innings of 201* runs as the greatest, said - 'I have seen the innings of Sachin-Virat'
Former Indian team captain Sourav Ganguly praised Glenn Maxwell's match-winning innings played against Afghanistan, but he did not agree that it should be considered the greatest innings of the ODI
WTC Final: Sachin's question after India's defeat in the final of the Test Championship - why Ashwin was not fed
There is a lot of ruckus after the defeat of the Indian team in the final of the World Test Championship. Questions are also being raised on Rohit Sharma's captaincy and coach Rahul Dravid's strategy.
Pakistan: Pakistan is showing the arrogance of being a nuclear power to India by mistake of the economic plight
To save the country from bankruptcy, Pakistan, standing in front of the IMF with a bowl, is not desisting from showing India the arrogance of being a nuclear power. Pakistan's PM Shahbaz Sharif has
Kalpana Soren: Who is Kalpana Soren, who can become the next Chief Minister of Jharkhand? Learn in 10 points
Jharkhand Chief Minister Hemant Soren will appear before the Enforcement Directorate today for questioning. Soren, who went 'missing' after the ED raid at his Delhi residence on Monday, reached Ranchi
Corona Update: 16,107 new cases were found across the country, and deaths increased by almost 3 times compared to the previous day; WHO said - the epidemic is not over yet
The country has again seen an increase in new cases and deaths after a day's shortfall. 16,107 new cases have been registered on Tuesday. 5,392 more cases have been found than the previous day. The
Sunjay Kapur: Who is the owner of Sunjay Kapur's property worth crores? How much share will Karisma Kapoor's children get?
Bollywood actress Karisma Kapoor's ex-husband and famous industrialist Sunjay Kapur passed away recently. He died of a heart attack in the UK on June 12, after which there has been a wave of mourning
PM Modi, Amit Shah, 1000 Ladki Bahan..., guest list of Devendra Fadnavis' oath ceremony revealed, know who all will be included
Maharashtra Governor C.P. Radhakrishnan has invited senior BJP leader Devendra Fadnavis to form the new government. He will take oath as the Chief Minister of the state on Thursday (5 December). Two
First black woman judge in US Supreme Court: ketanji Brown sworn in; The Justice whose clerk was there, will now sit in her place.
Ketonji Brown Jackson has become the first black female judge of the US Supreme Court. He took the oath of office and secrecy on Thursday night. His name was recommended by President Joe Biden. The
Bengaluru Stampede: FIR against RCB in Bengaluru stampede case, case may be handed over to CID.
11 people died in a stampede outside the Chinnaswamy Stadium in Bengaluru. Many people were also injured in this accident. Now the Bangalore Police has taken suo motu cognizance of the matter and
Monkeypox Virus: After corona, now there is an increased risk of monkeypox, the virus has now knocked in America, know what are the symptoms
We have not even emerged from the coronavirus that now another virus is troubling us. Monkey virus has now been included in the chain of the spread of this virus. Recently, seven cases of monkeypox