Prediction: Ethereum Will Be Worth $12,000 in 5 Years
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A few months ago, Ethereum (CRYPTO: ETH) was in rough shape. It had fallen below $1,600, its lowest price since 2023, and investors were wondering when it would stop the bleeding. But the second-largest cryptocurrency has made an impressive turnaround, growing by 57% in July and recently surpassing $4,300 (as of Aug. 10).The question now is whether Ethereum has become overvalued or if it's still a good long-term investment. While cryptocurrencies are notoriously unpredictable, Ethereum's strengths line up well with where the market is going, and that could result in substantial growth over the next five years.There have been some major cryptocurrency developments so far this year. In July, the U.S. passed the Genius Act, the first significant piece of crypto legislation. It regulates stablecoins, which are crypto tokens designed to maintain the same value as another asset such as the U.S. dollar. Stablecoins have been growing rapidly, now with a total combined market value of about $270 billion. Some analysts, as well as Treasury Secretary Scott Bessent, predict that it could rise to $2 trillion by 2028.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
Quelle: MotleyFool