Cryptocurrencies

Ether (ETH) from December 25, 2020 to January 1, 2021 – Towards a new ATH? – Cryptocurrencies

Physical Ethereum (ETH) coin on white surface.

Ether (ETH) is trading at 722 USD today 1er January 2020, at the time of writing. ETH closed the end of 2020 with a rally that took it above $ 700.

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An ATH by March 2021?

On December 27, 2020, L ’Ether crosses 700 USD at 16:01 UTC on Bitstamp, for the first time since May 21, 2018.

Although L ’Ether has a ways to go before hitting its ATH of $ 1,419 2 years ago, according to data fromIntoTheBlock, 88% of addresses ETH were profitable while theEther passed the $ 700 mark.

TheEther benefits from the impact of the launch of the beacon chain and staking on the network, and the upcoming launch of derivative products ETH CME.

December 28, 2020, Michael van de Poppe indicates that theEther is targeting $ 1,200 – $ 1,300 or a new ATH for Q1 2020, if it manages to maintain above $ 470.

Bubble, frost in 2020, the prospects for DeFi in 2021

The summer of 2020 was marked by an explosion in DeFi with many analysts calling the boom a bubble that will eventually burst. The winter froze the growth of DeFi which then slowly resumed.

Ethereum encountered many difficulties, struggling to support the weight of a DeFi that had even eclipsed Bitcoin during the summer of 2020. Users had to contend with network congestion and the explosion of gas.

Cryptophyls expect the price of Bitcoin (BTC) in 2021, expecting the BTC hits 6 digits by the end of the year. TheEther should also experience strong growth at the same time.

DeFi for its part will have to face the relative challenges in terms of strengthening the security of its protocols against hacks.

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The shift ofEthereum From Proof of Work to Proof of Stake could theoretically solve scalability problems, but questions remain as to a decrease in the level of network security with the abandonment of mining in favor of staking.

Ethereum’s competitors, like Polkadot (DOT), in the DeFi race, are also expected to make major strides in 2021. Vitalik Buterin will be sure to champion the future benefits of ETH2 and inform (or reassure ) on the progress of its effective deployment. Your pen will meet you in its weekly analyzes of the price of Ether and the evolution of the network, throughout this year.

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