Ethereum (ETH) Price Prediction – Can It Rebound With This StakeWare Fundraiser?

Ethereum (ETH) news as of 02/06/2022

The funds were raised through a Series D round in which Greenoaks Capital and Coatue and Tiger Global participated.

StackWare plans toutilize the sum to increase its efforts in product development, engineering and business development, but also to develop its ecosystem around StarkEx and StarkNet, if its CEO Uri Kolodny is to be believed.

#StarkWare contributes to the scalability of dapps on #Ethereum. It sees its valuation quadrupled after this round 🚀 $ETH https://t.co/TiZDEfU3xl

This obviously has an impact on the image of the Ethereum blockchain. Currently at around $1,820, the price of Etherthe native blockchain cryptocurrency could rebound towards $2,300 if its evolution in the coming days leans in this direction according to a technical analysis by the Journal du Coin.

Medium Term Ethereum (ETH) Price Prediction

Below $1700, Ethereum is a good investment. Investors can aim for the 2021 highs at around $4,800.

Ethereum (ETH) Long Term Price Prediction

There is no doubt that Ethereum will appreciate in the long term. With the adoption of the Proof of Stake (PoS) consensus mechanism, Ethereum is becoming more competitive and ETH may well rally to $10,000 by the end of 2023.

Ethereum Project Reviews

Ethereum is the richest and most coveted DeFi ecosystem. It is at the center of blockchain technology and an essential platform.

What affects the value of Ethereum (ETH)?

  • The success or not of the Merge update.
  • The fluctuations of the Bitcoin.
  • Significant increase or decrease in gas costs (network costs)

Read also Ethereum Foundation Holds $1.3 Billion in Ether, $300 Million in Non-Crypto Investments

What is Ethereum (ETH)?

Ethereum debuted in 2015, at the initiative of eight co-founders, including Vitalik Buterin (considered Inventor at Ethereum Foundation) and Charles Hoskinson (CEO of Cardano Foundation). Ethereum is the name of the blockchain, whileEther (ETH) is the native crypto needed to use the network.

Ethereum is managed and tracked through a decentralized computer network. Its technology has created a new sector of finance: decentralized finance or DeFi, in which the different players do not need a central regulatory authority.

How does Ethereum work?

Ethereum is a complete blockchain development platform.

  • Crypto Ether (ETH): you can transfer and receive Eher using a crypto wallet or use it to pay for goods and services from merchants. It is also an investment instrument listed on almost all crypto exchanges.
  • Smart contracts : they are a kind of automated programs that can place trades when conditions are met.
  • DApp : Ethereum makes it possible to create decentralized applications based on the blockchain: games, social network, trading platform, news site, etc.
  • NFT : Ethereum hosts the largest part of the NFTs created.
  • Challenge : Ethereum paved the way for decentralized finance (DeFi): blockchain-secured P2P lending, lending pool, decentralized exchange based on liquidity pools, yield farming, etc.

Useful links for investing in Ethereum (ETH)

💎 Find the best Gems with our Free Guide!

Learn how to analyze cryptos like a pro, avoiding Red Flags and Scams, to start or continue your adventure in the world of cryptocurrency.

Leave a Comment