Ethereum 2021: ETH Rises 800%, and More Gains Are Coming – InvestorPlace

Ethereum 2021: ETH Rises 800%, and More Gains Are Coming - InvestorPlace

Are you familiar with “middle-child syndrome”? Then you’ll know how ethereum (CCC:ETH) has felt all these years. Since January 2020, ETH has trounced bitcoin (CCC:BTC) with a nearly 750% return. Yet, the world’s #2 cryptocurrency received less attention than its big brother BTC or problem-child XRP (CCC:XRP).

A stack of ether or ethereum coins on a gold background.

Source: Shutterstock

But don’t be fooled. Ethereum looks set to break out in 2021. As its technological advantages gain steam, Ethereum investors could see $1,500 in the near term and $2,500 sometime by the end of 2021. But strap on your seatbelt and hold on tight; it’s going to be a wild ride.

Summary:

  • Ethereum sits on a superior technology.
  • ETH has greater room to grow.
  • Volatility will remain high.

Ethereum 2021: Better than Bitcoin

The future of ethereum wasn’t always so bright. In June 2016, the infamous DAO Hack sent $55 million of ether into hacker’s hands. And a rash of bitcoin clones like bitcoin cash and dogecoin made ethereum look like yet another shiny bauble in a massive cryptocurrency soup.

Ethereum 2021 Price Graph

But ethereum quickly recovered. To handle the DAO Hack, the ethereum community decided to effectively roll back its blockchain to undo the damage. It regained its #2 position by 2018.

Ethereum holds several technological advantages over its older bitcoin and altcoin siblings. Firstly, the cryptocurrency acts more like a contract than a coin. That makes it more like Alphabet’s (NASDAQ:GOOG, NASDAQ:GOOGL) Google Wallet or Apple’s (NASDAQ:AAPL) Apple Pay, rather than a $100 bill. For instance, an e-commerce buyer might hold ETH in an escrow that automatically releases payment on receipt of goods. Bitcoin, on the other hand, offers no such mechanism.

Secondly, ethereum solves the thorny problem of speed. While bitcoin takes about 15 minutes to complete a transaction, ETH will do the same in under 15 seconds.

Finally, it has a theoretically unlimited supply, unlike bitcoin’s 21-million-coin
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