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How much will the ETH cost if ...

How much will ETH cost if bitcoin price rises above $ 50,000
CONTENT

  • Ethereum may rise to $ 7,500

  • Users are not sure about such a rise in the price of the token

  • The launch of the 2.0 platform will help raise the price of ETH

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The main cryptocurrency bitcoin is a kind of driver for all other coins. And if the price of BTC rises or falls, then the behavior of altcoins and tokens exactly repeats the dynamics of bitcoin. Experts are confident that the ETH could grow 300 times if bitcoin breaks the $ 50,000 mark.

How much will the ETH cost if ...

ETH at $ 7500: real or not

 

The discussion on this issue on Twitter was opened by the co-author of Cryptoassets Chris Burniske. He assures that if the main cryptocurrency breaks the $ 50,000 threshold in the near future, the ETH will immediately reach the $ 7,500 mark. However, for this to happen, the bitcoin market must reduce volatility by at least 2 times. If this happens, then Bitcoin could make a real breakthrough in 2021. This announcement caused a violent reaction among users, who, as usual, split into two camps..

How much will the ETH cost if ...

Proponents of traditional cryptocurrencies are confident that BTC and ETH are likely to reach their price peaks in 2021. So, for example, user @ruilopezcrypto wrote that ETH has the same rapid upward trend as Microsoft did with earlier trends. Ether is likely to actually break through to the maximum price.

Another user @ProofofBrain is sure that Bitcoin owners have ETH tokens in stock too. Therefore, the growth of bitcoin only plays into the hands of such investors, because they will receive a double benefit..

However, opponents of bitcoin also entered the discussion, who believe that the main cryptocurrency has already exhausted its reserves. Thus, the user @GroundFrost believes that “smart money is leaving Bitcoin for DeFiDecentralized finance (DeFi) is a financial services built on the basis of blockchain technology that offer users access to an open, efficient and … More. We will never see 50k “.

Also, some users claim that ETH does not need bitcoin at $ 50,000 in order to make a leap. It is likely that after the launch of the updated Ethereum 2.0 platform, the value of the token will increase without being tied to the BTC.

Do I need ETH bitcoin?

 

What a Token As the use of cryptocurrencies grows, new types of tokens appear. They can represent value or something intangible like voices. Two … More ETH correlates with bitcoin is a fact. However, many experts believe that this will not always be the case. The launch of the Ethereum 2.0 platform will change this state of affairs. First, the ETH itself will significantly increase in value and allow investors to earn income from staking. And the launch of the updated version could be even more significant than halving Bitcoin halving cuts the number of new coins created and earned by miners in half. This happens approximately every four years and … More bitcoin.

Earlier BeInCrypto reported that Messari analyst Ryan Watkins believes that the launch of ETH 2.0 will be a more significant event than Bitcoin halving. He argued his position quite simply: the BTC halving was pre-programmed and became a predictable event. But the refinement and launch of the ETH 2.0 platform can undergo many more changes until it finally works..

How much will the ETH cost if ...

The fact that the developers themselves do not know what the new platform will be like brings intrigue to the market and increases interest in the event. As mentioned earlier, it is the hype and increased public attention to a particular coin that stimulates its price. Since the interest in halving this year was lower than in previous years, the event passed almost imperceptibly, and bitcoin itself even lost in value, which disappointed most of the community. Whether the ETH 2.0 platform will become significant for the market is not yet clear. But it is clear that interest in her is already flaring up.

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