Ethereum Price Soars Past $4,800 To Hit a New All-Time High

This post may contain affiliate links, which means I may receive a small commission, at no cost to you, if you make a purchase through a link.

Ethereum continues to create new All-Time Highs after its recent move past the $4,800 mark. This comes with the total cryptocurrency hitting a record $ 3 trillion in valuation.

The cryptocurrency market continues to grow as investors (especially the corporate) put in more money in the assets. The rise of Ethereum isn’t a surprise as many analysts have been predicting it to happen.


Investors are now eying the $5,000 price as the next potential for the coin. This could be hit by the weekend if the price continues with its momentum.

Ethereum remains firmly the second largest crypto asset in the market. It comes after Bitcoin that is also achieving record price gains.

Why This is The Best Time to Buy Ethereum

Huge Ether coin burns

The latest burn reports from Etherscan indicate Ethereum is accelerating the burning of coins after the implementation of the London Hard Fork Update.

It is the update that was done a few months ago on the network a few months ago to facilitate the reduction of coin supply in the long term. For the first since the burning was introduced, it has burnt more coins than those introduced in the market.

This is one of the factors triggering the market to rise. It is not yet clear how many coins will be burnt. However, investors are watching this keenly to inform their future market actions.

Technically, Ethereum has no supply cap like bitcoin.  However, its developers believe that through burning, they will manage to balance the forces of demand and supply that are critical in the pricing of the coin.

Ethereum Will Overtake Bitcoin Sooner Than We Think To Become Number One

Growth of NFT Market

Ethereum is the market leader in the development and deployment of NFT solutions. This has made it gain value as this market expands.

NFT marketplace continues to expand as demand for digital assets grows. The market leadership is giving the coin much-needed support helping grow its value.

As the market grows, so will the coin. Most investors are betting on this aspect to hold it for the long term. A key reason most analysts agree it could soon Hit the $10,000 value.

Challenges Facing Ethereum

Ethereum has its share of challenges. Although its value continues to grow. Some investors are skeptical its price will not be sustainable.

One of the major challenges is the high gas fees. The introduction of these fees has made it very expensive to transact in the coin making some of the investors stay away.

Competition is also rising with peer coins joining the market. Most of these are capitalizing on the challenges facing Ethereum to gain into its market. One such coin is Solana.

Some of the main areas competitors are focusing on are the NFT market and lower transaction fees. Ethereum dominance though continues to grow despite this competition.

Why Ethereum Price Could Hit $10,000 By December

Future of the Ethereum price

The latest bull run seems to be gaining pace as more investors come in to enjoy the rising prices. The majority of analysts believe Ethereum could do even better in the long term.

The rising inflation is also pushing investors to find safety in crypto. A huge amount of money is flowing into the leading crypto assets such as Ethereum and Bitcoin helping push their prices.


  • Rastrear Celular

    Depois que a maioria dos telefones celulares for desligada, a restrição à entrada incorreta de senha será suspensa. Neste momento, você pode entrar no sistema por meio de impressão digital, reconhecimento facial, etc.

  • ppu-prof_Ml

    Наша команда профессиональных мастеров проштудирована предлагать вам перспективные системы, которые не только снабдят устойчивую охрану от зимы, но и дарят вашему коттеджу оригинальный вид.
    Мы эксплуатируем с современными средствами, заверяя постоянный термин эксплуатации и прекрасные результирующие показатели. Утепление внешней обшивки – это не только экономия ресурсов на прогреве, но и ухаживание о природной среде. Спасательные технологические решения, которые мы производим, способствуют не только зданию, но и сохранению природных богатств.
    Самое важное: [url=https://ppu-prof.ru/]Стоимость утепления фасада с покраской[/url] у нас стартует всего от 1250 рублей за квадратный метр! Это доступное решение, которое метаморфозирует ваш помещение в реальный приятный уголок с минимальными расходами.
    Наши труды – это не только изолирование, это образование поля, в где любой аспект отражает ваш индивидуальный модель. Мы примем все твои требования, чтобы преобразить ваш дом еще более комфортным и привлекательным.
    Подробнее на [url=https://ppu-prof.ru/]http://www.ppu-prof.ru/[/url]
    Не откладывайте дела о своем помещении на потом! Обращайтесь к профессионалам, и мы сделаем ваш обиталище не только теплее, но и модернизированным. Заинтересовались? Подробнее о наших предложениях вы можете узнать на интернет-портале. Добро пожаловать в пространство благополучия и стандартов.

  • velorian.top

    Wow, fantastic blog layout! How long have you ever been blogging for?

    you make running a blog glance easy. The overall look of your site
    is fantastic, as smartly as the content! You can see similar here ecommerce

  • sklep

    Hi there! Do you know if they make any plugins to assist with Search Engine Optimization?
    I’m trying to get my blog to rank for some targeted
    keywords but I’m not seeing very good success. If you know of any please
    share. Many thanks! You can read similar art here:
    Sklep online

  • GSA Verified List

    Hey there! Do you know if they make any plugins to help with Search Engine Optimization? I’m trying to get
    my site to rank for some targeted keywords but I’m not seeing very good success.

    If you know of any please share. Cheers! I saw similar art here: Scrapebox AA List

Leave a Reply

Your email address will not be published. Required fields are marked *