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Ethereum is one of the cryptocurrencies that is currently receiving the most attention (ETH-USD). As the bullish trend continues, Ethereum is now trading at over $3,113 per token, up 5% from yesterday's close. As a result, demand for Ethereum price forecasts has risen again.
Many people are interested in Ethereum's upcoming Merge upgrade. This huge network change will usher in a new era of Ethereum.
So, this upgrade will make it possible for everyone to use Ethereum on a completely proof of stake system. Proof-of-work validation is still used by Ethereum. This means that complex math problems must be solved in order to secure and validate blocks. Crypto mining that uses a lot of energy is something that many investors don't want to do because it's bad for the environment.
On the other hand, proof-of-stake is a lot easier on the environment than proof of work. It's likely that an upgraded Ethereum would only use 1% of the energy it does now.
The people who own ETH have to put their coins on the network in order for this to work, There are a lot of people who think that Ethereum will reward people for staking between 7% and 13%. So, many people have high hopes for how this coin will be in demand going forward, so that's why.
There could be a lot of demand for Ethereum in the near future, so this is where the experts think it's going to go.
Ethereum Price Predictions
- Ethereum is currently worth $3,110 per coin.
- WalletInvestor predicts that ETH-USD will be worth $5,205 in one year and $14,463 in five years.
- The same thing could happen with ETH. Gov Capital says it could be worth $4,940 in a year and $18,091 in five years.
- It also says that ETH could be worth $4,474 in one year and $7,278 in five.
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