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What is Ethereum and why is it different from Bitcoin? Ethereum is one of the digital currencies in the cryptocurrency market, which is distinguished from Bitcoin due to its unique features and capabilities. In this article of Pooyan Music, we will discuss the differences and features of Ethereum compared to Bitcoin.
Ethereum is designed as a platform developed for the execution of smart contracts and digital tokens. Vitalik Buterin, the programmer who designed this digital currency, had the main idea based on the development of an ecosystem of smart contracts and more possibilities than Bitcoin. Since Ethereum has wider possibilities than Bitcoin, this digital currency is used as a platform for blockchain application developers.
One of the main features of Ethereum is the ability to execute smart contracts. These contracts act as computer code that can be automatically executed by the network. Through these contracts, it becomes possible to create blockchain applications with unique features.
Also, Ethereum is used as a platform for issuing digital tokens. Tokens issued based on blockchain standards such as ERC-20 enable diverse transactions and create diverse economic ecosystems.
In order to see what the future of Ethereum digital currency will look like, we need to go to the characters of this story. That is, we have to see if the cryptocurrency market analysts think the future of Ethereum is good or bad? Overall, looking at the charts, it seems that most of the capital market analysts see the future of Ethereum as very promising. Many entrepreneurs and the best investors in the world of technology support Ethereum and its economic industry, and most of them believe that the future of Ethereum currency is bright. In the following, the opinions of some of the most important people in this field will be discussed regarding the future of Ethereum:
Joe McCann, who is one of the professional investors in the cryptocurrency market, predicts the future price of Ethereum at $50,000. He believes that Ethereum will reach this price by March 2022! He predicted the future of Ethereum based on the fact that around the same date, the cost of option contracts or the same option of bitcoins will expire. If such a prediction of the future of Ethereum has inspired you, you can buy Ethereum digital currency very quickly so as not to be left behind!
The future of Ethereum from the perspective of Anthony Sassano On the other hand, Anthony Sassano, one of the founders of ETH Hub and the founder of The Daily Gwei, who is one of the programmers and supporters of Ethereum, thinks that Ethereum will reach the price of 150 thousand dollars by 2023. Of course, this is not strange from him because he is one of the supporters and developers of this cryptocurrency. However, it is recommended that if you plan to buy Ethereum, you should also pay attention to the fundamental analysis of others.
Another person we’re considering asking to predict the future of Ethereum is Simon Dedic, one of the founders of Blockfyre and one of the directors of Monrock Capital. Didik believes that the future of Ethereum is very bright in the long term and imagines that each Ether token will go up to the price of $9,000. This can be exciting. Didik believes that the price of Bitcoin will rise to $150,000 and the price of each token will be $200, and at the same time Ethereum should also reach this price. Despite the fall of Bitcoin and the cryptocurrency market in general in recent months, Didik still believes that $9,000 will be the future price of Ethereum.
Unlike Bitcoin, Ethereum can be built. That is, there is no limited number of them like Bitcoin. Another point is that Ethereum has only been in the capital market for a few years and does not have a long history like Bitcoin, and this is exactly the reason why it can survive the fall that the capital market is facing now. That is, almost everyone is sure that the future of Ethereum as a cryptocurrency will be bullish, but the question here is “will it reach the figure above $10,000?” and “Will it be like Bitcoin?”
At the end of these analyses, it should be noted that there is no doubt that Ethereum is a very special technology and can change the world due to its focus on the smart contract protocol. For this reason, experts and analysts both expect Ethereum to peak in the future and the current price of $1,200 will go much higher in the future.
