🔥 Ethereum forecast 2021: ETH course analysis & future
First of all I have to say that Ether likes to use Ethereum is equated - that is, if one reads that the price of Ethereum is rising, then what is usually meant is ether. Because Ethereum is the platform or the network; Ether the cryptocurrency.
Invest in Ether
At the beginning it has to be clarified whether one invest in ethers or just want to speculate with the price development. If you look at the long-term forecasts or also with the price history of the crypto currency, one will probably tend more towards investing. Due to the fact that access to the crypto market via the crypto exchange is required for investing or, when speculating, access is via the online broker, it must be clarified in advance which strategy is being pursued.
Although that's not entirely true. Because whoever chooses eToro can do it Services of an online broker and a crypto exchange use. eToro offers investing in cryptocurrencies, but also provides speculation with the price. And eToro also offers social trading. This means that you participate in the successes of successful traders - or, if the traders are wrong, you incur losses. It is important that you only invest freely available capital in order not to get into financial difficulties.
eToro is one of the best-known and most popular providers in German-speaking countries. Due to the fact that eToro is regulated (CySEC, Cyprus Securities and Commission Exchange, that is Cyprus’s financial supervisory authority), pursues a very fair and transparent fee model, accepts some deposit methods and also makes the offer in the room, Coins of cryptocurrencies to be able to buy or speculate on the price of digital currencies, it may be advisable to take a closer look at eToro. And if you find that eToro meets the self-imposed requirements, nothing speaks against opening an account.
Step 1: Register with eToro
If you have come to the conclusion that you want to work with eToro, you have to open an account at the beginning. It should be noted at this point that the registration process can be carried out without any problems. Right at the beginning it is given to understand Wanting to appeal to beginners - You will not be faced with any obstacles here.
The “Register” button can be found in the top right corner of the home page. Click and you will be redirected to the registration platform. Now you have to enter your first and last name, an email address and a password. It should be noted that the password should consist of uppercase and lowercase letters, special characters and numbers - this increases security.
The entire registration process takes a few moments. After completing the registration it is possible to make the first deposit.
The verification process is not required for the time being. This will only start after the first payment has been requested. This also explains why the entire registration process only takes a few minutes.
Step 2: deposit
eToro scores here with a real variety of deposit methods. Because while there are some providers in the online brokerage industry who only accept bank transfer or payment by credit card, you can at eToro choose from a wide range.
The following payment methods are accepted by the provider:
- Bank Transfer
- Klarna / Sofortuberweisung
- Credit card
PayPal in particular is a rarity in this industry. The interest in PayPal may have increased or is still increasing, but the number of online brokers that accept the online payment service is relatively small. So like eToro can also be recommended to all those PayPal fanswho do not want to make their deposits with a credit card and / or bank transfer, but want to work primarily with PayPal.
Step 3: Buy and Sell Ether
After the deposit has been made, you can buy coins of the crypto currency Ether or speculate with the price movement. Either Ether or the abbreviation ETH must then be entered in the search field. Then you get Charts such as statistics and information displayed.
If you choose Ether, you can then specify the amount to be invested. eToro calculates how many coins you then get for it. But you can also specify the number of coins and eToro calculates how high the amount to be invested should then be. If the purchase is confirmed by the user, the coins are saved in the internal wallet transferred. However, there is the option of using the digital coins in an external wallet transferred.
One can also speculate with the price on eToro. Then click on X2. Then either a long position (the price rises) or a short position (the price falls) is opened.
However, due to the fact that it is a very volatile market, caution is advised. Especially if you are speculating with the price, i.e. if you decide to do CFD trading, you should only invest freely available money.
What you should know in advance
The Ethereum platform was founded by Vitalik Buterin, a Russian-Canadian developer, together with Charles Hoskinson in 2015. If you look at the market capitalization, Ether is in second place (as of June 2, 8: the market capitalization of Ether is at $ 292.010.076.168; Bitcoin ranks # 1 with a market capitalization of US $ 617.497.493.176).
It may be difficult to deal with the future development of Ethereum - especially when it comes to finding out how the price of the Kryptowährung will develop. However, based on the roadmap, you can at least get an overview of whether the company is on track with its projects or not.
The Enterprise Ethereum Alliance is an association of more than 30 companies. The best-known companies include JP Morgan Chase and Microsoft. Together they are working on a platform that should make it possible to exchange encrypted information in real time. One can speak of a “Wikipedia for financial flows such as customer data”. The Enterprise Ethereum Alliance does not work on a profit basis, but rather to achieve a more transparent and secure flow of data. Thus, according to the company, it is possible to save around 12 billion US dollars a year.
Subsequently, one has to look at KYC-Chain. It is about an initial word - because KYC stands for “Know your Customer”. Know your customer. An approach that aims to make it easier for institutions such as stock exchanges, insurance companies as well as banks and companies to get to know their own customer base better. Because the better you know your customer, the more targeted you can work. The focus is on excluding customers who have malignant intent; but it is also about being able to rule out identity theft. The implementation of the KYC approach is made possible in the course of several verification stages - the more information is provided by the customer, the more trustworthy this person is for the institution.
KYC-Chain is the interface between the company and the customer on the basis of the Blockchain from Ethereum It is also possible that personal data can then be transmitted to a company via smart contracts - encrypted of course. During the verification process, the customer can then decide for himself which information is to be disclosed. However, it is possible that the company can request specific information in order to be able to get a better or more precise picture of the customer.
With Colony there is also a platform that brings together employees and employers around the world in a decentralized manner. Based on the Ethereum blockchain, entrepreneurs may be able to put together teams for their own projects. The origin of the employee doesn't matter - it's all about the talent. This means that the person who has the most suitable talent receives the job via the platform.
How can the price of ether develop by 2025?
It should be noted in advance that there is no guarantee. That is, it likes promising forecasts give, but that does not mean that the price will also go in this direction (s) - above all, the crypto fan knows that the market can always be good for surprises. And ultimately these don't always have to be positive.
Walletinvestor works with the technical analysis and has come to the conclusion that in the long term, Ether could rise to 5.000 US dollars by 2025. CoinPriceForecast even believes that the price will rise to $ 2021 by the end of 9.000. In 2025, according to the forecast, ether could be at US $ 20.000. Cryptoground is also of the opinion that the future of Ether may be promising. According to their calculations, the price could rise to 2021 US dollars in 3.000.
Our conclusion: what's next with Ethereum?
The experts are convinced that the price of the cryptocurrency will rise in the foreseeable future. At the current time, the cryptocurrency is USD 2.500 (as of June 8, 2021) - the all-time high was set on May 12, 2021, when the price was USD 4.356. Therefore we find at Bitcoin-News.onethat an investment seems worthwhile.
Start on eToro, the test winner crypto broker from Bitcoin-News.oneSIGN UP NOW
Your capital is at risk. Not ready yet? Read our Etoro review.