The prediction is that Ethereum will reach $ 30,000 by the end of 2021.

This year, the second-largest cryptocurrency Ethereum (ETH), has caused a significant upheaval in the cryptocurrency market.

 At the time of writing, Ethereum is up 8% to $ 3,200, with a market capitalization of more than $ 377 billion.

However, Ethereum founder Vitalik Buterin is highly bullish about the future of cryptocurrency, especially after the recent upgrade of the London hard fork and the implementation of EIP-1559. 

Buterin said he expects the ETH price to be 10x from current levels during his recent live interview. 

The ETH price will reach a considerable level of $ 30,000 by the end of the year.

That means Ethereum (ETH) will have a staggering $ 3 trillion valuation making it the largest of all the Big Tech companies globally.

Ethereum vs. Cardano - The race to the top

Earlier this week, Cardano rose in price to become the third-largest cryptocurrency in capitalization and is now just one place behind its rival, Ethereum.

Cardano has been questioning the status of ETH for some time now.

Αnd aims to surpass Ethereum in the future in terms of network utility and the functionality of smart contracts.

Recently, the application of the Cardano blockchain Alonzo Purple test network opened the gates for implementing intelligent contracts in the blockchain. Cardano co-founder Charles Hoskinson predicts that the ADA price could reach $ 150 by the end of the year.

 At the time of writing, the ADA was already trading at an all-time high of $ 2.45 billion.

With a market capitalization to be worth almost $ 77.6 billion!

On the other hand, Ethereum 2.0 development activity is also rising. The recent London hard fork and the successful implementation of EIP-1559 open the door to implementing Ethereum 2.0.

The number of ETHs betting on Ethereum 2.0 has exceeded 6.5 million. That means almost $ 20 billion worth of ETH is currently on Ethereum 2.0 deposit contracts. All the On-chain measurements for Ethereum point to a more significant rally ahead. And let's not forget Ethereum (ETH) remains a preferred choice among institutions compared to Cardano (ADA).

So, it won't be a toy for Cardano to overtake Ethereum so quickly!

 However, the game becomes interesting from now on!

See Cardano live Price.

This text is for informational purposes only and in no way replaces the specialized consulting services provided by market experts.