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Can Ethereum become 100K?

medium.com - Can Ethereum hit 100k? - Medium

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Can Ethereum hit 100k?

While some believed that the prices of Ethereum would reach past $100,000 in 10 years, others noted that they would be happy if Ethereum could just reach at least $5,000 to $7,000. Good chance in a bull run. 10 years $100K seems likely. Ethereum, the second-largest cryptocurrency after bitcoin, has soared over recent months. Now, an expert panel has predicted Ethereum is set to soar to almost $20,000 by 2025, an increase of 400% from its current price, with “major upgrades” to the Ethereum network potentially pushing it higher. Ethereum is vastly different from other cryptocurrencies such as Bitcoin, Litecoin, or even Ripple. Ethereum is a blockchain protocol for smart contracts, and Ether, also called ETH, is the native cryptocurrency that powers the Ethereum blockchain. Ethereum runs smart contracts on what it calls the Ethereum Virtual Machine, which is essentially a supercomputer built on the blockchain. Because of its unique structure and being the first of its kind, Ethereum price predictions can be extremely high, with so many investors and industry experts believing in Ethereum growth in the long-term. Ethereum projected growth as a network is also high, as the blockchain is not only used for smart contracts and transactions, but actual crypto assets are often built on Ethereum’s blockchain, giving it added value as speculation around the future of the crypto market is positive.

Conclusion

Is Ethereum a Good Investment and How Much Will ETH Be Worth?

There’s no denying that Ethereum is a very special technology that could completely change the world as more and more is built on top of the smart contract focused protocol. Due to this, experts and analysts are both expecting Ethereum projected growth to reach extreme highs. It is currently trading at about $2000, down slightly from the new peak set in 2021.

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How much crypto is taxable?

The IRS generally treats gains on cryptocurrency the same way it treats any kind of capital gain. That is, you'll pay ordinary tax rates on short-term capital gains (up to 37 percent in 2022, depending on your income) for assets held less than a year.

bankrate.com - Cryptocurrency Taxes: A Guide To Tax Rules For Bitcoin, Ethereum And ...

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