The Ethereum is at $235.89 US dollars, currently with a price increase of 0.61% today and a change of $1.7713 in the past 24 hours. The market cap currently for Etherium is $26.24B, and currently, 111,327,740 ETH are circulating, and $92,346,529 USD has been traded.
The blockchain cap is set at $50,245,675,124, and the ETH dominance stands at 52.62%. The volume of transactions in the past 24 hours is $ $2,379,983,206. The 24-hour peak price was $ 239.73, and it reached a low of $233.32 to stabilize at the current rate.
Ethereum Price Prediction With 5 Years Price Forecast
Ethereum is a popular and promising cryptocurrency in the market, which has also been highly profitable since its inception in 2015.
As per predictions by global experts, Ethereum will have a market share of 25% of the cryptocurrency and a total capitalization of $4.5 trillion in 2020. As of the start of the year 2020, the Ethereum price in India was at Rs 9211.12 and reached its highest of 20,330 in February. It took a dive in March and reached Rs 8,232 in March and recovered to Rs 18,719.28 on the 1st of June.
Ethereum uses special technology, and due to these analysts, experts expect it to reach new highs. Ethereum is currently at around Rs 18,000 range, which is already a huge gain for investors who bought it in 2019. By the end of the year 2020, it is expected to lie between Rs 21100-Rs 26189. As per the forecast and algorithmic analysis, in the next 5 years, Ethereum is expected to rise to around $3844 in 2025 or Rs 3,00831.
Buy, Sell, Trade ETH At Best Rates
ETH is one of the most popular cryptocurrencies in the world and is among the favorites for investors looking to invest in this market. It does much more than financial transactions and can even host smart contract technology. Hence it has attracted not just investors but also developers of the community to come up with many decentralized applications, dApps.
If you want to buy or sell the Ethereum that you are already holding to leverage this popularity, you can do so on CoinSwitch. It is one of the safest and most trusted currency exchanges in India that offers the best ETH to INR or INR to ETH trading rates possible.
Apart from buying or selling Ethereum, it is also a great place for trading as it supports more than 300 cryptocurrencies, digital currency, etc. apart from Ethereum. It is a platform that is easy to use and highly user-friendly and follows all the best practices followed by the payment industry and hence can make secure transactions.
Also Read: What is EIP-1559 & Its effect on ETH Price
About Ethereum (ETH)
This cryptocurrency was founded in 2015 by a Russian-Canadian Vitalik Buterin. It is a relatively newer digital currency when compared to Bitcoin, which was found more than a decade ago. It follows a blockchain protocol wherein the user does not need a third-party for sending or receiving funds. In terms of market capitalization, this blockchain is the second largest of all time. Another major benefit of this currency apart from financial transactions is, it also implements smart contract technology. A smart contract is a code that allows two people or a group to have an agreement without needing an intermediary. The other features of Ethereum are:
Better technology: Unlike other cryptocurrencies, the technology used by Ethereum is different, and hence it allows developers to create new and interesting applications.
Resolve problems accurately: The Ethereum blockchain is built in such a way that it aids in resolving problems accurately. The developers have been able to introduce a set of instructions that offers fraud-resistance and finality, which helps resolve problems. So it is considered as the best network for any application or business.
Great demand: Ethereum has seen organic growth in the market and can be considered as a stable currency to invest in. There is a growing demand for this in the currency market and can be considered as an indicator of its ability.
Business adaptation: Ethereum is a platform that has many dApps, and that has attracted many companies and organizations to use the Ethereum network. Major companies like JPMorgan, Microsoft, BP, Intel, etc have incorporated Ethereum into their businesses, which is a testimony to the capability of the network.
If you are a new investor looking to buy Ethereum, it is the best time to invest.
Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.
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