The crypto market looks great today, with most of the coins trading in the green.
Ethereum is definitely no exception, and the king coin managed to surpass the important level of $700.
At the moment of writing this article, ETH is trading in the green, and the king coin is priced at $727.
There are all kinds of bullish predictions about that price of the coin these days, and they seem to continue.
CoinDesk addresses new ETH predictions made by Andrew Keys since 2016.
He began his article, by saying ” I’ve made predictions about what the next year will bring for the industry. If you pay attention to the incremental change that occurs year after year, you realize everything is connected, and you can foresee some exciting outcomes. 2021 will undoubtedly be a year for blockchain and crypto to take center stage economically, politically and socially. Here’s what I see coming.”
Here are the most significant ones.
ETH new predictions
He begins by saying that back in 2020, the world started to understand the intrinsic value of BTC as digital gold and, in the same matter, Ethereum will be seen as digital oil.
He also addressed that ETH 2.0 will occur successfully, and Bitcoin will hit $50k.
Regarding ETH, he said that the coin would hit $2,000 and the total DeFi locked will exceed $150 billion, and 2021 will be the year of DeFi cross-chain bridges.
“As Web 3.0 gains traction, the value will accrue in the protocol layers, rather than the application layers,” he said, highlighting that layer 2 will explode.
He also believes that the Ethereum killers will need to find a niche or they will be destroyed.
He said that we’d be seeing the beginning of crypto IPO mania and China will go live with the Digital Currency Electronic Payment.
We suggest that you check out the complete article in order to find out the rest of the exciting predictions.