The Ethereum team had a lot to celebrate this week. Altcoin got into a hundred of the world's assets with the maximum market value thanks to a jump in the rate to $ 1.15 thousand. Then, the capitalization of the cryptocurrency had reached almost $ 125 billion.
But within an hour from the 100th line, it was replaced by Starbucks, which now has a market value of just over $ 125 billion.
For this cryptocurrency, this level of the rate is a new maximum. Previously, the maximum point was reached only in February 2018.
Soon after the rise, the value of the altcoin began to plummet to $ 900 but then stabilized at $ 1000.
By the way, Bitcoin now takes 12th place in this rating. The capitalization of the top cryptocurrency is $ 580 billion. Thus, BTC has beaten Samsung and the Visa payment system but it is inferior to such monsters as Google, Amazon, and Apple. The first places in the rating are steadily occupied by silver and gold.
Now experts predict several possible scenarios for the further movement of the Ethereum. The first forecast assumes a deeper temporary fall to the level of $ 530- $ 550, where the altcoin will be able to accumulate resources and continue its growth later. In the second forecast the price will remain stable at $ 600-700.
The situation is similar to Bitcoin. On January 6, its rate also exceeded the historical maximum with a mark of $ 35.7 thousand. Over the last quarter of 2020, the BTC rate increased by 264%, and since March last year - by 840%! But, experts warn that the currency may fall sharply to at least $ 20 thousand if players with large portfolios start selling it.
Against this background, forecasts for ETH for 2021 look much more stable because its team has proven the ability to develop the project, and the community - the strength to support them in this development. In any case, experts do not expect a wave of growth of more than 10% of the current level by the end of the year. In the case of a successful launch of phase 1, and then a phase 1.5 after a year and a half, the cryptocurrency rate has a big chance of exceeding not only $ 1 thousand, but also $ 1.5 thousand.
For projects at this level, it is always important to attract expert developers to the team on time and enlarge the loyal audience, as happened with Ethereum. This is the only way to create a high quality and strong product.
By the way, one project in this area, which today also actively attracts specialists and users for feedback, is BitMarket Network Client. This is an alpha version of an open-source local cryptocurrency wallet, which makes it as transparent as possible and allows outside developers to carry out an independent audits. Soon, this client application will allow users who prefer to invest not only in Bitcoins but also in Ethereum and other cryptocurrencies, store them in one wallet, as well as make fast transactions at a high level of security in the event of price fluctuations in the market.
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