Could Ethereum Reach $10,000 Anytime Soon?

Ethereum is more than just another blockchain—it’s fueling a new paradigm of computing, powering thousands of decentralized applications. While Ether first traded at $2.77, it’s now fluctuating around $3,000. Of course, with crypto’s volatility, that number may be wildly different by the time you’re reading this article. At the start of 2021, Ether was hovering around $1,000. In other words, it has tripled since then, and it’ll need to triple again to reach $10,000. That said, higher prices get harder and harder to reach, so it won’t be a straight rocket to $10,000.  In short, Ether won’t reach $10,000 in 2021. After all, that would require the influx of several hundred billion dollars in less than half a year. That said, there are a few reasons to believe that Ether could reach $10,000 in the next five years. One of them is the way Ethereum has been adopted by mainstream financial institutions and technology companies. Another one is that the network will handle more transactions as more developers build applications on top of it. And finally, if more people start using Ether as a currency, demand for Ether will go up and make it more valuable. Let’s take a look at these reasons in detail. Ethereum is reaching true mainstream adoption  In 2016, businesses started adopting Ethereum in droves. JPMorgan Chase became one of the first banks to announce that it was experimenting with Ethereum technology when it announced...