Cryptocurrencies Solana and Dogecoin witness a spike, closely following Bitcoin's approach towards a fresh record-breaking price peak.
In the ever-evolving world of cryptocurrencies, two digital assets have been making headlines recently - Ethereum and Dogecoin.
As of now, Dogecoin is trading at a little over $0.24, marking an increase of nearly 8% over a 24-hour period and over 20% over a seven-day stretch. Despite this growth, it hasn't reached a new all-time high since January.
On the other hand, Ethereum has been making more dramatic moves. It has surged nearly 54% over the past 30 days, with a weekly gain of 29%. This surge has brought Ethereum close to its 2021 record, with a high of $4,720 on Wednesday, just 3% below its all-time high of $4,878. This surge outpaces all other major coins, with Solana following closely behind. Solana's price reached nearly $204 on Wednesday morning New York time, marking a peak not seen since July 22.
The increase in Ethereum's price is attributed to investors buying Ethereum ETFs and publicly traded companies purchasing billions of dollars worth of Ethereum. In fact, Ethereum ETFs started trading last year.
Predictions for Ethereum's Price in 2028
Multiple sources have offered their predictions for Ethereum's price by 2028. Coinpedia expects Ethereum to reach a new high of about $10,410, with a potential low around $8,613 and an average price near $9,482. Cryptopolitan predicts a price range between $10,005 and $11,875, with an average price of about $10,291. Another part of that source mentions a higher peak of approximately $14,529 to $17,204 but notes the average closer to $10,291, indicating some variation among analysts.
Cryptomus forecasts ETH to have a minimum price near $6,483, a maximum around $13,074, and an average of $10,208, implying a wide potential range due to market conditions. Investing Haven provides a slightly lower average prediction, with ETH reaching approximately $10,101 in 2028 but with predictions extending above $10,000 before 2030.
Longforecast offers monthly projections for 2028 ranging from about $7,425 to $11,317, with monthly averages mostly around $8,000 to $10,000.
These forecasts reflect optimistic expectations for Ethereum's price by 2028, often linked to the network's continued growth, DeFi adoption, scalability improvements, and broader market trends. It's important to note that predictions vary widely due to market volatility and differing analytic models. None can guarantee future prices.
Myriad users predict that Ethereum will hit $5,000 for the first time by the end of 2025, with a nearly 87% chance as of this writing. However, no new information about Bitcoin's price or performance was provided in this paragraph.
British bank Standard Chartered predicts that Ethereum could reach $25,000 by 2028, adding another optimistic voice to the mix.
As always, it's crucial to do thorough research and consider seeking advice from financial advisors before making any investment decisions. The world of cryptocurrencies is dynamic and unpredictable, and these predictions should be taken as a guide rather than a definitive forecast.
[1] Source: Coinpedia [2] Source: Cryptopolitan [3] Source: Cryptomus [4] Source: Investing Haven [5] Source: Longforecast
- Investors and companies are buying Ethereum and Ethereum ETFs, contributing to its current growth, with predictions suggesting Ethereum's price could reach around $10,410 by 2028 (Source: Coinpedia).
- Cryptopolitan predicts that Ethereum's price will range between $10,000 and $11,875, with an average of about $10,291 in 2028 (Source: Cryptopolitan).
- Cryptomus forecasts Ethereum's price could range from $6,483 to $13,074 in 2028, with an average of $10,208 (Source: Cryptomus).
- Investing Haven predicts Ethereum could reach approximately $10,101 in 2028, with predictions extending above $10,000 before 2030 (Source: Investing Haven).
- Standard Chartered is another optimistic voice, predicting that Ethereum could reach $25,000 by 2028 (Source: not specified).
