How high will Ethereum be in 2024? Can it skyrocket?

Previously, the currency circle master said that although Ethereum is currently the world's second digital currency, based on the current development, Ethereum's future development will surpass Bitcoin in market value. This statement can be said to have stirred up a thousand waves with one stone, causing the currency circle to pay double attention to the development of Ethereum.

How high will Ethereum rise in 2024?

According to some analysts in the circle, Ethereum will rise to US$5,500 in 2024, and the average price will also be US$4,500. Ethereum stands out from many blockchain projects with its smart contract technology, high transaction speed, and sharding. The active development of DeFi may also cause unprecedented growth in the price of ETH. It should be noted that this is only an analyst's prediction and does not mean that it will definitely rise to this price. Investors should formulate a trading plan based on the current market and take into account all technical and fundamental factors that affect its price.

Ethereum has become the dominant platform in the decentralized finance (DeFi) ecosystem, and this trend is expected to continue to grow. As more users and developers join the Ethereum community, both the potential value and practical applications of the network will continue to expand.

DeFi has exploded in popularity over the past few years, with Ethereum becoming the core of this ecosystem. As more applications and services are launched on the Ethereum network, the development prospects of DeFi are likely to continue to expand.

Ethereum is currently undergoing an important Ethereum 2.0 upgrade, which is expected to improve the scalability and security of the network. Once Ethereum 2.0 is fully launched, it will attract more developers and users, bringing more possibilities to the entire ecosystem.

The latest price of Ethereum (ETH)

$3,484.98 ≈ ¥25,181.42

Can Ethereum surge in 2024?

The possibility of Ethereum skyrocketing in 2024 is relatively high. According to official data, the current price of Ethereum is US$2,937.51. Although it is lower than the historical high price of US$4,864.02, it is higher than the issue price of US$0.308. , the current investment return is very optimistic at 9536.37 times. Overall, the future development potential is still good.

Ethereum’s PoS transition will bring many potential benefits. Energy consumption will be significantly reduced, and the environmentally friendly Ethereum will be favored by more users. Transaction speed will be significantly improved, allowing users to complete transactions faster and gain a better user experience.

PoS mechanism also has higher scalability and security. Through equity voting, PoS can reduce dependence on miners, thereby reducing the need for computing power competition and improving the overall security of the network.

The transformation of Ethereum from PoW to PoS also faces some challenges. Implementation of technology may require time and resources and requires thorough testing and validation. Since the transition may cause some miners to leave the network, it may lead to a decrease in computing power and network instability.

Ethereum (ETH) exchange recommendation

1. Binance binance

Binance (Binance) exchange is a global crypto exchange The currency exchange serves 180 countries and regions including North America, Europe, Taiwan, the Middle East, Hong Kong, and Malaysia, provides more than 600 cryptocurrencies, and has 120 million registered users worldwide. Since 2018, Binance has been considered the world’s largest cryptocurrency exchange in terms of trading volume, with a 24-hour trading volume of US$76 billion.

Inventory: Founder Zhao Changpeng and his old employer Okcoin have been having constant disputes. They were not optimistic at first, but later they found that the performance of the platform was quite impressive!

2. Ouyi okx

OKX is the world's top two virtual currency trading and Web3 platform, providing Bitcoin (BTC), Ethereum (ETH), USDT, Shiba Inu (SHIB), Ripple XRP, Dogecoin (Doge), etc. to global users. Cryptocurrency and derivatives trading services for virtual currency assets, allowing you to conveniently and quickly manage investments in cryptocurrencies and other assets.

Inventory: OuYi’s trading volume, number of currencies, and security are among the best in China, and its handling fees are also low.

3. Huobi.com

Huobi Global Professional Station is an innovative digital asset international station under Huobi Group that serves professional trading users around the world. It is committed to discovering high-quality innovative digital asset investments. Opportunity currently provides trading and investment services in more than 40 digital asset categories. It is headquartered in Singapore and is operated by the Huobi Global Professional Station team. Huobi Group is a globally competitive and influential comprehensive digital asset service provider, providing high-quality services to millions of users in more than 130 countries. It has independent trading business and operation centers in Singapore, Hong Kong, South Korea, Japan and other countries and regions. Huobi Group is in a leading position in the world in terms of technology platform, product lines, security risk control system, operation and customer service system.

Inventory: It has set the highest record for global Bitcoin trading platforms and is one of the largest Bitcoin trading platforms in the world.

4.Open Sesame gate.io

Gate.io was established in April 2013 with the Chinese name "Open Sesame". It was formerly known as China's "Biter" exchange. The founder is a technology Dr. Han Lin, who was born. The original intention of Gate.io was to "find a safe trading place for everyone who believes in Bitcoin". This idea has been implemented in the development of Gate.io. After the tightening of regulatory policies in 9.4, Gate.io left China and has been developing overseas. Recently, it has also entered Southeast Asian markets such as Taiwan, Malaysia, Indonesia, Singapore, and South Korea. Gate.io is currently headquartered in the British Cayman Islands and provides fiat, spot and derivatives trading of cryptocurrencies to more than 4 million users from more than 130 countries. The official claims to provide 100% margin audit proof, authentic and transparent crypto asset trading services.

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