Can Ethereum reach $10000? – CrowdWisdom360



Can Ethereum reach $10000?

Ethereum has fallen below $1100 from a peak that was closer to $5k, can Ethereum reach $10000?

Can Ethereum reach $10000? Let us to the Math

Price as of June 30th $1,090
How many times will the price have to rise to become 10,000? 10
Market Cap as of June 30th $132 B
How much are 10 times $132 B? $1320 B
If ETH were to rise 20% a year, how many years will it take to reach 10,000? 13 years

Ethereum Price Prediction 2030

Can Ethereum reach $10000? Ethereum Performance

The negative momentum of the final two months of 2021 has extended to 2022 as well. To date, Ethereum has almost lost over 70% of its value. Shiba has lost around 70% of its value since January 2022. Dogecoin on the other hand is down around 61% since January 2022.

ETH SHIB BTC Doge
5 Days -12.3% -12.6% -6.9% -2.5%
YTD -71.1% -70.3% -58.1% -61.6%

Can Ethereum reach $10000? Price Summary

Ethereum’s Price
Dec 31st, 2021 $3683
Dec 31st, 2020 $738
Dec 31st, 2019 $130
Dec 31st, 2018 $133
Dec 31st, 2017 $757
Dec 31st, 2016 $8

Ethereum Trends: $100 to $4800

Price Number of Days
$ 100 May 18th 2017
$ 200 11 days
$ 400 178 days
$ 800 26 days
$ 1600 1143 days
$ 3200 58 days
All Time HIGH, $ 4859 192 days

Things that are not working for ETH currently are:

  1. YTD Performance: Crypto market is down and almost all the cryptos are lower and this has been the case since January 2022. But what is more concerning is that ETH is one of the worst-performing crypto this year. ETH has lost more than half its value this year.
  2. Crowd’s Buzz: The crowd’s buzz is negative and there seems to be no improvement in it. Both mentions and engagements are low.
  3. Market Capital: It is also negative currently.

Last One Year Fall and the Responsible Factors

  • November – ETH was badly affected due to rising inflation figures which exceeded the 6% due to which federal reserve also increased their rates hence decreasing liquidity in the market.
  • The LUNA crash in May resulted in a large reduction in the trade of altcoins, many of which use the ERC-20 Token. This caused a drop in ETH demand. The fall in Celsius, as well as troubles with 3AC, harmed emotions and impacted Ethereum’s price.
  • The delay in the Merge, which would have increased Ethereum’s competitiveness, was a factor in Ethereum’s price decline.
  • Also, the price of crude oil and constant inflation could be prime reasons.

ETH Holders Data

  • As per the data by IntoTheBlock 35% of ETH holders are within a 1-12 months time frame while 4% of the ETH holders are less than 1 month old. There are 61% of ETH holders older than 1 year as of now as per the data.
  • As per the data by IntoTheBlock 50% of holders are making money at the current price and 48% are losing.

Why ETH Should be Part of Your Long-Term Investment?

Yes ETH can be a part of your long-term investment due to the following reasons:

  1. The majority of altcoins do not have their own blockchains. Instead, they use the Ethereum network to create ERC-20 Tokens. For utilizing the Ethereum Blockchain, Ethereum charges a gas price in the form of an Ether (Eth) coin.
  2. Almost every Metaverse platform is based on the Ethereum Blockchain.
  3. Ethereum is the main player in this field, with the majority of Tokens and Apps, are created on it.
  4. The current drop in ETH price is due to a lack of liquidity. Liquidity has historically improved at some point in time, thus one may predict that ETH will recover once liquidity returns to the market.
  5. Seeing the YTD-ETH we can see that ETH is good at recovering, and this is not the first crash. So eventually this declining phase is going to end soon.

Can Ethereum Reach 10000? Conclusion

Currently, ETH is at a very important level and it could see a major upward or downward movement in 2022. Also, it should be kept in mind that ETH has one of the highest market capital and ETH itself has a great value and is a unique blockchain token based on proof of work. So maybe this can be a time to buy at the lowest and expect a significant rise in the near future. But for all practical purposes, investors should not be disillusioned that ETH will touch 10,000.

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.

Can Ethereum reach $10000



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