Cryptocurrency has been a topic of discussion since the beginning and many celebrities believe in investing in it. We also provide prospects to investors and share our predictions about them.
Now let’s talk about Ethereum, which is used globally due to its secure network, verified conversions, and sustainable ecosystem. According to YChart, as of September 2023, there are over 245 million individual Ethereum wallets in use worldwide.
Scott Melker’s Ethereum Predictions
Prominent cryptocurrency trader, author, and podcaster Scott Melker has made a bold prediction about the future price of Ethereum. Melker predicts that the value of Ethereum will reach $12,000 in 2024. He believes prices will rise as investor interest in decentralized finance grows and demand for smart contracts on the Ethereum blockchain grows.
Moreover, Melker predicts that the upcoming merger of the Ethereum mainnet and the beacon chain will significantly improve the scalability and security of the network, making it more attractive to investors.
Lark Darvis Predictions for Cryptocurrency
Lark Davis, a YouTuber famous for cryptocurrency, also shared his thoughts on the future of cryptocurrency. Davis speculates that the cryptocurrency market will surge in 2024. Davis’ prediction is based on several factors.
First, He predicts that the current parabolic growth of the stock market will result in more people having spare cash to invest in exchanges.
second, He expects a Bitcoin ETF to receive SEC approval in the first quarter of this year, which could significantly boost the value of Bitcoin and other exchanges.
third, Davis points out that major companies are increasingly adopting blockchain technology, which could increase interest in and need for cryptocurrencies.
Ethereum started 2023 off to a slow start and was valued at $1196, and itself has performed much better than most, with its price almost doubling since the start of the year! It increased by a whopping 99% from $1200 to $2260.
It is expected that Ethereum will surge to $3000 in 2024, which may be caused by global macroeconomic conditions, increased security, and many other aspects.