‘Its Time Has Come’—Ethereum Bulls Target A $5,000 Price As Fresh Bitcoin Fears Swirl


Ethereum, the second-largest cryptocurrency by value after bitcoin, has broken away from the bitcoin price and surged higher in recent days.

The ethereum price has rocketed 30% over the last week, smashing through the closely-watched $3,000 level and taking its year-on-year gains to almost 1,500%—though it can’t compete with dogecoin’s rally.

How To Get Free Crypto  

As ethereum notches fresh price highs, investors have warned bitcoin is at risk of falling behind.

MORE FROM FORBESBitcoin Price Prediction: Why Bitcoin Could Be About To Soar To $100,000

The ethereum price has broken away from bitcoin this week, climbing as the bitcoin price treads … [+] water.

Getty Images

“The cryptocurrency space today looks very similar to the internet space in 1997,” Fahad Kamal, the chief investment officer at Société Générale’s U.K. private bank Kleinwort Hambros, told Business Insider.


“In 1997, we thought Netscape Navigator was by far the most advanced sophisticated browser and there would never be anything to compete with that. And, obviously, here we are, Netscape is long [gone]. In 10 years, I have no doubt that blockchain technology is going to be a very serious force in our lives. I have much, much less conviction or faith in whether bitcoin will be around that long.

“There are other cryptocurrencies… which are arguably much better in their construction and in their underpinnings. Ethereum, for example.”

The cryptocurrency community has long been divided over bitcoin and ethereum with so-called bitcoin maxis arguing ethereum is not a good store of value while ethereum investors criticize bitcoin for its clunky and out-dated blockchain technology.

Some, including the cofounder and executive chairman of cryptocurrency company Ripple, have proposed bitcoin follow ethereum in transitioning to a more eco-friendly blockchain model.

Coinbase Banner  

MORE FROM FORBESLeak Reveals Millions Of PayPal And Robinhood Bitcoin Buyers May Soon Want To Make A Surprising Switch Amid Bitcoin Price Mania

The ethereum price has rocketed by almost 1,500% over the last year, hitting a price more than … [+] double its early 2018 high as investors bet a future decentralized internet will be built on ethereum.


With the ethereum price outperforming the bitcoin price by three-to-one over the last year, ethereum bulls have ramped up their expectations and predictions that a future decentralized internet will be built on ethereum’s blockchain.

“Ethereum can be expected to significantly dent bitcoin’s market dominance over the next year and beyond,” Nigel Green, chief executive of deVere Group, said in emailed comments.

FreeBitcoin Banner  

Green expects the ethereum price to hit $5,000 per ether token in the coming week, pointing to “soaring interest from major institutional investors” and the growth of decentralized finance (DeFi) and the sudden popularity of NFTs that are largely built on top of ethereum’s blockchain.

“Compared to [bitcoin], ethereum is more scalable, offers more uses and solutions, such as smart contracts which are already used across many sectors, and is backed with superior blockchain technology. Ethereum is already years ahead of bitcoin in everything but price and fame. There’s a real sense that 2021 is the year for ethereum. Its time has come.”

Go to Source
Author: Billy Bambrough, Contributor

Recommended Crypto Services, Products and Strategies:

The first thing any crypto investor needs is is a reliable and secure Crypto Wallet.  Whether you’re looking for an online wallet, hardware wallet, desktop or mobile wallet, Crypto Renegade provides you with all the Best Crypto Wallets in each category.

Best Crypto Wallets Banner

When you’re ready to buy more crypto, or exchange your coins for others, Crypto Renegade’s list of the Best Crypto Exchanges has you covered.  The Crypto Exchanges recommended here offer everything from simplicity and convenience to advanced trading platforms and profit sharing. 

Best Crypto Exchanges Banner

If you want to learn more about the methods and tools that can be used to find Great Crypto Projects, then be sure to check out Crypto Renegade’s strategy for How To Find The Best Cryptocurrency.

Crypto Strategy Banner

For those people that don’t have any money to invest right now, or just want to understand the technology a bit more, you’ll definitely want to check out Crypto Renegade’s Free Crypto Strategy and start collecting Free Coins today!

Free Crypto Banner

What do you think about cryptocurrency? Do you have any questions about it? Be sure to leave a comment below.

This site uses Akismet to reduce spam. Learn how your comment data is processed.