In a recent video, pseudo-anonymous crypto analyst and influencer “Coin Bureau” (“@coinbureau” on Twitter) explained why Ethereum ($ETH) is “so valuable.”
According to a report by The Daily HODL, he said:
“Ethereum really is so exciting. I view it in the same way that those internet pioneers viewed TCP/IP back in the 1990s. However, this time around, we have an opportunity to invest in a protocol that has that much potential… Ethereum is well-positioned to capture the value that’s being built on top of it. And as the fuel that powers the network, ETH is becoming an incredibly rare asset. The more the ecosystem grows, the more demand there is for ETH to power dApps (decentralized apps) and facilitate transactions…
“If the Ethereum developers are able to effectively push EIP 1559 in the London upgrade, then we could easily see ETH above $4,000 by the end of July.“
Data by TradingView indicates that Ethereum is currently (as of 18:40 UTC on April 21) trading around $2,406.97, which means that it is up 5.26% (vs USD) in the past 24-hour period. As for the year-to-date period, ETH-USD is up 226.36%.
Featured Image by “elifxlite” via Pixabay.com
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.