Will Ethereum (ETH) price hit US$5,000 before Christmas?

Follow us on Google News:
 Will Ethereum (ETH) price hit US$5,000 before Christmas?
Image source: Hi my name is Jacco, Shutterstock


  • Ethereum gave a return of over 496% YTD.

  • As of Sept 2021, around 117.5 million Ethereum coins were in circulation.

  • Ethereum’s 52-week highest price was US$4,891.70.

Ethereum (ETH) is the second-largest cryptocurrency after Bitcoin (BTC) based on market capitalization. On Wednesday morning, Ethereum (ETH) traded at around US$4,294, while Bitcoin (BTC) traded at around US$49,069.

Analysts forecast Ethereum (ETH) may hit US$5,000 per token by the end of 2021, given its rapid price gains and the sustained bullish momentum witnessed this year.

Also Read: Top growth stocks that gave over 200% return

What is Ethereum?

Ethereum is a decentralized open-source blockchain system and has its own cryptocurrency called Ether. Its platform is also used for trading other cryptocurrencies and executing decentralized smart contracts.

Co-founder Vitalik Buterin had first described Ethereum in a 2013 whitepaper. In the summer of the following year, Ethereum creators raised US$18.3 million in online crowdfunding for the project. The funds were generated in BTCs.

ETH priced its initial coin offering for US$0.311 per coin. It sold over 60 million coins at the time.

Also Read: Chainlink (LINK) Crypto: How to buy the token?

Ethereum may hit US$5,000 before Christmas

Source: Data provided by CoinMarketCap.com.

Also Read: Globalink IPO: How to buy the stock?

Why is Ethereum popular?

Ethereum has pioneered the concept of a blockchain smart contract platform. Smart contracts are computer programs that automatically execute the required actions for fulfilling an agreement between several parties on the internet.


These smart contracts were designed to reduce the need for trusted intermediates between contractors. Hence, it also reduces transaction costs while also raising transaction reliability.


Its innovation allows the execution of smart contracts using the blockchain, further reinforcing the existing benefits of smart contract technology.

Also Read: Siyata Mobile (SYTA) stock jumps 130% on US$1.3 million order

Ethereum’s performance:

Ethereum has a market cap of US$521.10 billion, and its fully diluted market cap is US$510.04 billion. Its last 24-hour trading volume was worth US$19.75 billion.

The 52-week highest and lowest prices of Ethereum were US$4,891.70 and US$533.00, respectively. Ethereum gave a return of 496.1% YTD.

As of Sept 2021, around 117.5 million ETH coins were in circulation. Meanwhile, 72 million of these coins were issued in the genesis block, the first block on the Ethereum blockchain, and 60 million was given to the initial contributors of the 2014 crowd sale that funded the project, and 12 million were allotted to the development fund.

The remaining coins have been allotted in the form of block rewards to the miners of the Ethereum network. In 2015, the original reward was 5 ETH per block, which decreased to 3 ETHs in 2017. Meanwhile, in 2019, it went down to 2 ETH.

Also Read: GSK and VIR: Two rising healthcare stocks to explore

Will Ethereum (ETH) price hit US$5,000 before Christmas ?


Cryptocurrencies drew huge interest from investors in 2021. Many experts believe ETH may hit the US$5,000 mark by Christmas. However, investors should carefully evaluate the cryptos and the market volatility before investing in the crypto industry.


The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

Featured Articles

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK