Cryptocurrency analysts predicted an increase in Ethereum’s value to $ 4000 by the end of this year

Crypto experts have shared their own predictions about the value of ethereum — a breakthrough to $ 4000 may happen by the end of this year.

According to a survey conducted by NextAdvisor, the ethereum cryptocurrency is likely to cost more than 2.5 times its current value in the near future, thanks to the transition to the PoS consensus mechanism. Earlier, Bloomberg analyst Mike McGlone also explained that due to the growing demand for ethereum and falling supply, the value of the ETH token will continue to rise.

At the time of writing, ethereum is trading at $ 1,645, which is 11% higher than the same time yesterday. Earlier today, it was reported that Ethereum reached a new historical high — more than 1.1 million addresses conducted ETH transactions over the past day, which is 48% higher than the previous record. Also, due to the increase in the key rate range from the US Federal Reserve by 75 basis points at once, Ethereum rose by 15% overnight.

It is worth noting that Ethereum developers will soon begin the final phase of the blockchain’s transition from PoW to PoS. Ethereum co-founder Vitalik Buterin advised users skeptical of PoS to invest in Ethereum Classic (ETC), which was launched in 2016 as a hard fork of Ethereum.