The crypto world has been witnessing many recent developments and significant growths of cryptocurrencies. In the midst of all these, Billy Markus predicted Ethereum would reach 100,000 US dollars.
Earlier, a similar prediction was made about Bitcoin by some top crypto personalities and some of them have really come true.
Why do you think Billy Markus predicted this? Does he see a huge potential for Ethereum? Should you rush to invest in ether?
Join us in reading this new article so that you get to know all about the Billy Markus Ethereum price prediction.
The new Ethereum Price Prediction
The new price prediction on Ethereum has been made by the Dogecoin founder Billy Markus. It is one of the reasons why the prediction is getting immense attention from all over.
Presently, the crypto market is going through a lot of turbulence and the future of many cryptocurrencies seems to be uncertain. That’s when Markus boldly forecasted that Ethereum was in a race to cross the 100,000 USD threshold.
It was in one of his X posts that he hinted about the Ethereum price surge. He said that he would like to see ether hitting the 100,000 USD mark.
Markus added about his plans to use his profits from his investments in Ethereum to purchase a house in Los Angeles.
He added that if Ethereum needed to reach the predicted it needs to witness a huge adoption and there should also be significant improvements made on its scalability.
Markus viewed that the Ethereum network would have to undergo a whole new reshaping. The security and efficiency elements of the network would have to reach new heights, he added.
Will Ethereum Reach $100,000?
The current prediction of Ethereum made by Markus can not be completely neglected. Many of the key speculators think that Ethereum could reach the threshold predicted by Billy Markus.
Presently, the crypto has huge market potential and is making bullish runs. If the Ethereum network redefines the landscape of the crypto with brand new developments and makes significant updates in security and scalability it may lead to huge attention from different sectors.
This may result in crypto whales and other giant investors investing more in coins. Subsequently, the price of the crypto may keep going up which would further increase its demand in the market.
However, not everyone thinks the same. Some are skeptical about the prediction made by Markus. These people have viewed that Ethereum needs to undergo a tremendously higher jump to reach the predicted amount.
What happens if Ethereum reaches $100,000?
Reaching $100,000 means that the value of Ethereum would have to undergo a skyrocketing journey. This may have a key impact on all the community members and all those who are a part of the Ethereum ecosystem, especially the users, and developers.
As an ether holder, you would be witnessing a world where people appreciate the holding and looking forward to it.
The adoption of ether may become widespread. It may also result in the crypto receiving huge acceptance in different financial applications and sets of transactions.
If Ethereum surpasses the above-said threshold, it will place the crypto at the top of the crypto world.
It is reported that Ethereum reaching the $100,000 threshold would result in its market capitalization being 12 trillion US dollars. This would attract huge investor profiles and crypto whales towards the Ethereum ecosystem.
We may witness the launch of a whole new set of decentralized applications. You can clearly see that one of these events happening can lead to another.
Another impact it can cause is on the developer side. The developers would have the motivation to create and launch new projects on the Ethereum blockchain. It can further contribute towards the added security and stability of the blockchain.
Also, such a gigantic price hike can favor the cryptocurrencies getting more dominance over the traditional economy and help the cryptocurrency to get deeply ingrained in the global financial infrastructure.
How much does Ethereum cost now?
Currently, Ethereum is the second largest cryptocurrency with a huge number of investors holding big amounts of Ether.
The live price of ETH is 3,764.67 USD. Note that this was the price of the crypto at the time of publishing this article. As the cryptocurrency market is highly volatile, there may be changes by the time you read this article.
End Thoughts
The new price prediction made on Ethereum by Billy Markus has indeed sparked some new streams of thought in the cryptocurrency industry.
It has also acted to power some future-oriented conversations and examinations. Let us wait to see what is going to happen next.
To not miss out on any of the latest updates in the crypto world, stay tuned to eBizMBA. See y’all soon.
