Ethereum Price Prediction: 5X in 2025 Predicted As Network Activity Hits New High
The post Ethereum Price Prediction: 5X in 2025 Predicted As Network Activity Hits New High appeared on BitcoinEthereumNews.com.
Despite trading 33% below its all-time high, Ethereum’s technical indicators and expanding ecosystem hint at a positive future, and some experts predict a 5X price surge in 2025. At the same time, PlutoChain ($PLUTO) is coming up as a potential solution for Bitcoin. Using Layer-2 technology and smart contracts, it could improve Bitcoin’s speed and scalability. Let’s check out all the details. Can Ethereum Reach New Heights? A Bold 5X Prediction for 2025 Ethereum’s network activity has hit record highs. Recent data shows a surge in transaction volumes, making this the most active period for the network since 2021. Much of this growth stems from the adoption of AI-driven tools that enhance functionality and draw in a wider audience. The integration of AI with Ethereum unlocks new possibilities for dApps and offers more advanced and user-friendly experiences. The Pectra upgrade, expected in early 2025, could be another game-changer. By implementing features from 20 Ethereum Improvement Proposals (EIPs), it aims to improve scalability, security, and overall efficiency. Ethereum’s dominance in DeFi and NFTs remains strong, with its Total Value Locked (TVL) steadily increasing. Analysts see these developments as clear signs of Ethereum’s resurgence, dubbing it the “comeback kid”. As of January 12, 2025, Ethereum (ETH) is trading at $3,237, with a 24-hour trading volume of 118 million ETH. ETH is up approximately 30% on the 90 day chart. Source: Brave New Coin Ethereum Liquid Index Compared to its all-time high of $4,878, reached in November 2021, Ethereum’s current price is about 33% lower, which is a significant but not insurmountable drop. Ethereum’s Total Value Locked (TVL) has been breaking records over the past year. In January 2024, its Layer-2 TVL hit $21.16 billion, marking a 333% increase from January 2023. By November 2024, Layer-2 networks pushed this figure to over $51.5…
Filed under: News - @ January 12, 2025 9:08 am