There are a number of factors that determine the value of Ethereum. As the second largest cryptocurrency, Ether has a very large market cap. Because of this, the value of Ether is constantly changing. As of early April, Ethereum was worth almost EUR3,000. However, it is important to note that the value of Ether varies from one trading platform to another. If you’re considering buying Ethereum, the following information will help you make an informed decision.
First, Ethereum’s efficiency is not very high. It’s expensive to store value per byte, as shown in the figure below. As a result, ETH’s metric value is relatively low compared to other cryptocurrencies. In fact, this metric value suggests that the ETH could fall as much as 50% before reaching its bear bottom. However, this doesn’t mean that Ethereum is doomed.
Ethereum’s upcoming changes will improve its green credentials, making it more appealing to users. It will also open up the door for a variety of optimizations, which is important for the nascent space. Furthermore, these changes will not have an impact on the speed, scalability, or fees of Ethereum. A resurgence of DeFi and NFT could further expand Ethereum’s value. Meanwhile, ETH users can explore a variety of Dapps that use this technology.
As for the value of ether, the upcoming ethereum update is expected to have a significant impact on its price in the coming months. It will be timelyly rolled out in September and will likely influence investor sentiment.