By Ollie - Cryptocurrency Investor - 03-11-2021
The decentralised and open-source network Ethereum (ETH), is witnessing spikes in the price for its native crypto market investment. One crypto analyst has predicted that Ethereum is well on its way to increasing its price by seven times in the next few years. The tokens recent increase is only just the beginning, as the crypto specialist recommends that people start buying Ethereum now. Reportedly, specialists have stated that the price to buy ETH could reach $14,000, judging by its trend since 2017.
2022 is just around the corner as we enter the last quarter of 2021. It's also that time of year again when we see many crypto experts come forward and predict what will happen by the end of this year and the journey of the crypto market in the next year. However, one crypto analyst- more specifically a crypto technical and on-chain data analyst- Mathew Hyland, has particularly quite positive predictions regarding the near future of Ethereum. Many investors that buy Bitcoin (BTC) and are avid BTC holders have also backed Hyland in his optimistic views. Many of Hyland's followers believe that ETH will follow in the path of Bitcoin and continue to rise in price massively.
We have already witnessed how the cryptocurrency market has boomed for many different altcoins, which only showcases how much more Ethereum will grow despite having even more obstacles to work through. However, on the other end of the scale, many people believe in more bearish predictions on the market. Crypto analysts have predicted that the grand bull market will fall and devastate the crypto community. However, we have seen time and time again that whenever the crypto market falls, it would rally to new highs.