Ethereum and Bitcoin are paving the way for a new era: Web 3.0. The Internet will become completely decentralized, allowing people to manage their online activities without the censorship of big companies. Read in my artcile what the future holds for Ethereum and which trends will become the main ones in 2021.
What is Ethereum
Ethereum was launched in 2015 and is the world’s leading programmable blockchain.
Like other blockchains, Ethereum has its own cryptocurrency called ether (ETH). ETH stands for digital money. ETH has many features as bitcoin. It is completely digital and can be sent instantly to anyone in the world. The creation of ETH is not controlled by any government or company. It’s decentralized. People all over the world use ETH to pay for goods or services, as a store of value or as collateral.
Ethereum will become the new oil
Analysts agree that in 2020, the world has realized the real value of Bitcoin as digital gold. Ethereum will start to be perceived as digital oil in 2021
Ethereum will grow to $ 2000
The Eth 2.0 update will enhance the network’s capabilities and attract even more attention from businesses and institutional investors, pushing the currency’s value to new heights.
Ethereum has grown by about 360% in 2020. While the public’s attention is riveted on Bitcoin, Ethereum is ripe for its own leap in 2021.
The release of the Eth 2.0 update, which will allow thousands of transactions per second, is high hopes. And these opportunities are not limited to currency.
Ethereum and Bitcoin futures to appear on exchanges
In February 2021, the Chicago Mercantile Exchange, the world’s largest derivatives exchange, launched Ethereum futures, making it the second crypto commodity to be registered with the Commodity Futures Trading Commission.
For years, Wall Street tried unsuccessfully to launch an exchange-traded fund (ETF) on Bitcoin, but now their chances have increased.
Ethereum is likely to follow the same path. This will allow you to track the current value of Bitcoin without having to buy and store it in a crypto wallet.
Ethereum will become even more competitive
Many have promised to provide a faster and better platform for smart contracts, but they still haven’t. In 2021, those who made millions on the promise of capturing Ethereum’s market share will need to carve a niche for their platforms. Otherwise, they risk losing their relevance even before the code itself is released.
Ethereum rivals – cryptocurrencies Algorand (ALGO) and Hashgraph (HBAR) – are trying to break their way into the market. However, Ethereum appears to be in the lead.
Countries will continue to work in own digital currencies
As I mentioned in my previous aryicles many countries work with cryptocurrency. Thus, China uses digital currency electronic payments and plans to expand them more widely in the future. Many countries are expected to launch digital payments by the end of 2021.
What do you think about the future of Ethereum? Share your opinion in the comments below! I would be happy to answer any questions or submit your project to my team at Astorts Group for evaluation.
Alessandro Rocco Pietrocola is an entrepreneur and investor based in London and operating mainly in Europe, Asia and Oceania with main focus on UK, Baltic Countries, Russia, China, Hong Kong, Malaysia, Singapore, Middle East and New Zealand as area of interest! At the moment is the CEO of Astorts Group. He is an UK FCA (Financial Conduct Authority) Approved Person and is has great experience as director of regulated companies. He uses to dedicate part of his life to inspire others and help them achieve the most out of their life. Since he was 20, he had successfully founded and managed several companies operating in the field of management consulting, wealth management and fintech. He loves travelling, he is a cigars lover, an amateur golfer and a dapper man.