Ethereum

Ethereum 40% Upswing On Horizon, This is What Next For ETH Price

Written by: Delma Wilson

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Delma Wilson

Delma is a B2B Content Marketer, Consultant, Blogger in the field of Blockchain, and Cryptocurrency. In her spare time, she loves to blog, play badminton and watch out ted talks. She likes pets and shares her free time with NGO.

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Apr 29, 2022

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Ethereum has been on a bumpy ride since the start of April hovering between $2,500 and $3,500. On April 3rd, Ethereum price reached $3,580, the price that was not seen after the first week of January. Ethereum is in high demand at $2,400 acting as a support zone.

At the time of reporting, Ethereum is trading at $2,864 with a plunge of 1.73% over the last 24hrs.

Ethereum To See 40% Price Surge

Jim Cramer, CNBC’s Mad Money host looks forward to a strong price increase for Ethereum. The Mad Money host expects Ethereum prices to see 40% increase.

However, this prediction has inculcated fear in the crypto space due to his record of losses and this was seen especially after his Netflix call resulting in 71% loss.

Jim Cramer, in a recent episode of “Girl Talk Stocks” has predicted a 35% increase for Ethereum price in the future and claimed to be a believer. But the community did not show much reaction.

The main reason for such numb reaction is due to recent call by Cramer on stocks just before they lost upto 70% of their value and few have called his calls as Cramer’s curse.

In the long-term, the Ethereum is expected to move north making a pattern of higher highs and higher lows.

ETH-2 Deposit Has 10% Of ETH Circulating Supply

The Beacon chain’s deposit contract for Ethereum staking has now hit a balance of 12 million ETH today. On the other hand, the ETH2 contract’s total value is around $34.5 billion.

November 2020 was the time when the deposit contract was launched which currently has 10% of the total circulating supply of Ethereum

In the process of  Ethereum’s transformation from proof-of-work to proof-of-stake consensus model, Beacon Chain is the first major step.

To get into this, a trader is required to invest a minimum of 32 ETH to become a validator. Hence, the Beacon Chain contract which is valued at $34.5 billion points towards the huge demand & trust in ETH2’s future.

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Delma Wilson

Delma is a B2B Content Marketer, Consultant, Blogger in the field of Blockchain, and Cryptocurrency. In her spare time, she loves to blog, play badminton and watch out ted talks. She likes pets and shares her free time with NGO.

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