[Bitcoin's](/coins/btc) price rose above $30,613, increasing by 5.62% in the last 24 hours. [Ethereum's](/coins/eth) price also rose by 7.02% to $1,902 in the same time frame.  

The [Bitcoin (BTC) price](https://coinmarketcap.com/currencies/bitcoin/) remained far above the $28,500 support zone and began a new upward trend over the $29,200 resistance mark. As of writing, the price has surpassed $30,600 and has increased by more than 5% in a single day. 

Similarly, the price of Ethereum (ETH), the second-largest cryptocurrency by market capitalisation, is back over the $1,850 resistance level and is up 6% in a day.

BTC and ETH were not along in experiencing 24 hours of notable value rises on the cryptocurrency markets.
Ripple (XRP), which is another major altcoin, was aiming for an upward break over $0.40. ADA gained 12% and broke through the $0.50 resistance level. 

## Bitcoin Price Rises

The Bitcoin price began to rise steadily after establishing a solid base at $28,500. BTC surpassed $30,000 and entered the positive zone. The next significant resistance level is at $30,500. A clear move above $30,500 may signal the start of a more rapid rise. It might rise to $32,000 in this case. On the downside, $29,500 provides immediate support. The major weekly support is at $28,500. 

## Ethereum Price Update

Ethereum's price stayed firmly over $1,700 and began a steady rise above the $1,850 resistance zone. On the flipside, immediate resistance is found at $1,920. The next significant barrier is at $1,950, over which the price might break $2,000 for the first time in months. If there is a downward correction, the market may find offers, around $1,820. The next big support is at $1,750. 

A co-founder of a cryptocurrency exchange stated that Bitcoin remains stable. Although, reaching its ultimate strength will take time, experts have observed.

Over the previous 24 hours, the overall cryptocurrency market volume has climbed by 4.74% to $53.47 billion.
Keep following Latest Moni from Moni Talks for the latest cryptocurrency price rise news, breaking market stories and blockchain insight.


Bitcoin Price and Ethereum Price See 24hr Rise

It isn't just about ETH to GBP values. [Ethereum](/coins/eth) is the most well-known of altcoins, and it's much more than just another cryptocurrency for many investors and enthusiasts. Experts say that this innovative platform could grow in value by 400% in the coming years, making it an appealing option for anyone interested in diversifying their digital investments.

Launched by [Vitalik Buterin](https://time.com/6158182/vitalik-buterin-ethereum-profile/) in 2015, ETH, or Ether, has seen incredible growth since its creation. With a price ranging from a low of $0.311 at launch to an all-time high of nearly $5000 late last year, Ether is a highly volatile currency with plenty of opportunities for those willing to take on risk. And despite recent drops below $2800 over the weekend, Ether still offers a powerful return on investment for individuals who purchase at the right time, representing a lifetime ROI of over 700,000%.

Ethereum's popularity is partly due to its utility as a software network that allows developers to build and power NFTs, apps, and new tools. The blockchain-based software network includes several functions and applications all over the tech globe, especially for decentralised finance (DeFi), gaming, entertainment, and music. With multiple potential uses, it's no wonder Ethereum is one of the most popular cryptos.

Since Ethereum's inception in 2014, its price has been on a rollercoaster ride. ETH cost has fluctuated wildly in the past year, rising from around GBP 100 in early 2020 to GBP 900 by December. And while the current ETH to the GBP exchange rate is around GBP 450, experts believe that Ethereum still has a lot of upside potential. Its annualised ROI since 2014 is nearly 300%, meaning early investors have quadrupled their investment every year.

## So what's driving Ethereum's price projections?

### Ethereum Price Projections

Looking to venture into the cryptocurrency craze, but unsure where to start?

There is no easy answer when it comes to predicting the price of Ethereum or any other cryptocurrency. Many experts agree that it is nearly impossible to accurately predict the future price of a volatile commodity like Ethereum. However, they note that Ethereum has seen tremendous growth in recent months and is poised for even more success in the coming year.

Some have suggested that Ethereum's transition to "Ethereum 2.0" could significantly drive growth in the coming months, making ETH even more appealing and sustainable for widespread use. Will that happen? Who knows - for now, there is no doubt that ETH is an exciting investment opportunity worth keeping an eye on.

Given these variables, here are some expectations for Ethereum's value throughout the year:

### $12,000+
 
The price of Ethereum has been rising in recent months, and Coinpedia predicts it will continue to grow in the coming years. If Ethereum's anticipated Ethereum 2.0 transition is successful, the price could reach as high as $12,962.33 by 2022. The latest upgrades could potentially make Ethereum more cost-effective for users to mint and create products.

With the new upgrades, Ethereum could become a more viable option for developers and users alike, leading to even more growth in the coin price. Only time will tell if Ethereum 2.0 will be a success, but if it is, it could significantly impact the cost of Ethereum.

### $6,500-$8,000

When Coinpedia predicted that Ethereum (ETH) could hit prices between $6,500 and $7,500 by 2022, many in the crypto community noticed. While this bullish sentiment seemed to hold true at first, it quickly became apparent that Ethereum's price would not arise purely from sentiment.

In recent months, the rising price of Ether has captured the attention of investors around the world. According to Henri Arslanian, a global crypto leader at PwC, ETH to GBP is currently "the only show in town." However, demand and functionality will need to improve for the ETH price GBP to continue rising and capture more market share in the crypto market.

Many experts speculate that this can be achieved through advancements in blockchain technology and a growing awareness of Ethereum's capabilities among businesses and consumers alike. For example, Ian Balina has remarked that ETH could potentially reach $8,000 by taking advantage of its leadership position and overcoming its current shortcomings related to high gas prices and slow transaction speeds.

### $4,000-$5,000

ETH is currently in a good place. The cryptocurrency has been on the rise since early 2021 and shows no signs of stopping. Predicting the price of a volatile cryptocurrency is hard, but most experts agree that Ethereum could reach $4,000 again by 2022. In fact, Bloomberg intelligence analyst Mike McGlone recently predicted that Ethereum could end the year between $4,000 and $4,500. All in all, it looks like ETH is slowly but surely climbing up to where it belongs.

## What Drives Ethereum's Price

Ethereum is renowned for being the first blockchain to utilize smart contracts. These innovative features have contributed to Ethereum's popularity and helped it earn a reputation as one of the leading contenders in the fast-growing world of blockchain technology.
However, in recent years, a new wave of ETH alternatives has emerged, bringing similar capabilities and changing the demand dynamics for ETH.

Several key factors impact ETH prices and can potentially influence its value positively and negatively.

## Utilisation and High Traffic

With the advancement of smart contracts and non-fungible tokens on the Ethereum blockchain, artists and creators have taken control of their digital creations in a whole new way. This has been a blessing for the blockchain, as it has helped to grow both the popularity and adoption of Ethereum. However, some view this growth as a curse. The high transaction volume on the Ethereum network has created what some call a "bottleneck" on the blockchain.

In other words, the increased popularity of Ethereum has made it difficult for users to transact efficiently due to congestion and high transaction fees.

In recent years, the popularity of Ethereum has risen dramatically, primarily driven by the growth and success of blockchain-based applications and other decentralized technologies. However, in the meantime, several new companies have emerged that are creating competitive solutions to the existing Ethereum platform.

These add-on solutions, known as Layer 2s, are designed to work on top of the current Ethereum network. In contrast, entirely new blockchain networks - also known as Layer 1s - have been released as potential alternatives to Ethereum. As a result, these emerging competitors have begun to pull users away from the Ethereum blockchain and into their platforms, creating a steadily growing climate of competition within the marketplace.

For investors interested in how these trends could affect the value of their investment in Ethereum, this increased competition is somewhat bittersweet. While it suggests that users are still enthusiastic about blockchain technology overall, it may lower demand for ETH to GBP conversion or ETH price GBP if users opt instead for alternative blockchains with more established track records. Ultimately, only time will tell how these trends affect market positioning for ETH trading and ETH price forecasts within this rapidly changing landscape.

## First Mover Advantage

Ethereum has been a crucial player in the cryptocurrency world since its launch in 2015. Since then, many other cryptocurrencies have entered the market, including some more environmentally friendly than Ethereum. However, experts believe that Ethereum's "first-mover advantage" will help it maintain its position in the market.

Cryptocurrencies are only valuable if a community of users is willing to buy and sell them. Thankfully, Ethereum has a first-mover advantage and a large and committed community of users. This makes it well-positioned for long-term success.

Ethereum, which by market capitalisation is the second-largest cryptocurrency, is well-positioned to meet future demand growth, experts say. Although new blockchains like Solana and Cardano provide similar functionality, Ethereum has a large and active user base that is likely to continue to grow.

Additionally, Ethereum developers have shown a willingness to expand capacity if needed rapidly. For now, it appears like the Ethereum community is content to wait and see if additional power is required. However, if demand increases, Ethereum is well-positioned to meet that demand.

## Competition from 'Ethereum-Killers'
 
In 2021, the terms "cryptocurrency" and "NFT" entered the mainstream consciousness, signaling a growing interest in Web3 technologies and their potential to revolutionize the internet's interaction. With its focus on improved data security, transparency, and user ownership of digital assets, Web3 has quickly become a hot topic in tech circles.

Companies like Ethereum and other leading blockchains like Solana, Cardano, and Tezos have been at the forefront of this emergent movement. Driven by ambitious goals to develop new infrastructure that will power the future vision of a truly decentralised web, these organisations have attracted significant investment from visionary investors who see parallels between today's Web3 pioneers and those involved in the dot com boom of the late 90s.

As more users flock to Web3 platforms, it seems certain that this groundbreaking technology will play a pivotal role in shaping our technological landscape for years to come. Whether it's ETH to GBP conversion or ETH price GBP exchange rates, there is no doubt that Web3 represents an exciting chapter in the evolution of our increasingly connected world.

## The Future of Ethereum

As the saying goes, "April showers bring May flowers." And after a long winter, nothing feels more refreshing than warmer weather and brighter days. For Ethereum, the past few months have been something of a downer. Despite ongoing optimism from the crypto community, Ethereum has been struggling to find its footing following a period of intense volatility. However, there is reason to believe that Ethereum will come back soon.

According to Arslanian, Ethereum currently holds over 90% of the NFT market. He expects this year to be a make-or-break year for the innovative contract blockchain. Zannos similarly believes that Ethereum has what it takes to rebound from its current slump, citing the strong community momentum as a critical factor in its favor.

So, while we wait to see how things will play out, there's reason to believe better days ahead for Ethereum.



ETH to GBP: Is Ethereum the Next King of Crypto?

The world loves an underdog, and the cryptocurrency market is no different.  Recently, the crypto-market’s 2nd most capitalised digital asset, Ether, acquired the backing of the [wealth and asset management division of Morgan Stanley](https://www.morganstanley.com/what-we-do/wealth-management/?cid=ppc-71700000088238971:700000002375621:58700007479779948:p67225276587&gclid=Cj0KCQiA3rKQBhCNARIsACUEW_YNit0Yu2BI-5Ptsa4FaGgIT3dncUlMVQy6Q2rEn9YJnDTVKYGBhGMaAnREEALw_wcB&gclsrc=aw.ds), a leading global investment bank with over 60,000 employees worldwide.

The investment banking powerhouse recently raised eyebrows with the distribution of a 20-page report filled with information demonstrating the financial firm’s confidence in the [Ethereum](/news/category/ethereum-news-today) blockchain.  Authored by investment strategist, Denny Galindo, the report details how the Ethereum blockchain technology can be more effective in terms of its practical application to solving real-world problems than  its rival and cryptocurrency’s reigning champion: Bitcoin.  

## Investors Should Consider Ethereum

Whaaat?  No, we’re for real.  In the report, Galindo presses the fact that Ethereum has a multitude of features that places the technology head-and-shoulders above the rest of its crypto-competitors, including Bitcoin.  The key takeaway from Galindo’s report was that investors should be considering the digital cryptocurrency, Ether, as a stand-on-its-own investment from the more wildly popular and more heavily capitalised Bitcoin cryptocurrency.

The report goes into an analysis of how the Ethereum blockchain technology and Bitcoin are akin to one another in two significant ways: both offer a decentralised form of currency and have a component of digital scarcity.  What the report also implies, is that the Ethereum blockchain technologies seem to be evolving in a way that leads experts to believe that they can be used for much more than a simple payment mechanism.  Galindo goes on to say that the pace at which the Ethereum blockchain is innovating clearly demonstrates an attachment to a “larger collection of activities.” 

## Will Ethereum Reach New Highs in 2022?

The cryptocurrency investment community is viewing the report as prophetic; a huge tailwind that the entire cryptocurrency market can ride to new highs in 2022.  Despite the market’s rocky start this year, there is still a feeling of momentum that is suggesting that 2022 could be a very big year for Ethereum.  There are many, many innovations happening in the world of blockchain technologies, and a lot of them are happening on the Ethereum blockchain.  Among them, the blockchain serves as an app store that is owned by no one and facilitates the operation of decentralised finance applications (DeFi) and the exchange of increasingly popular non-fungible tokens (NFTs).  

While Galindo promotes his belief that the Ethereum blockchain offers a much wider array of applications than Bitcoin, he does “pump the brakes” in his report by saying it shouldn’t be considered an open endorsement to “buy” Ether, the digital coin that trades on the Ethereum network.  Rather, the report is ultimately intended to be an educational supplement, or a primer, to help investors bone up on the Ethereum blockchain, especially considering that it is far less understood than its bigger brother, Bitcoin. 

Ethereum is ranked 28th in terms of being the world’s most valuable asset (ranked by market cap.) currently valued at $368 billion. If a bit of perspective would help, Walmart is valued at $370 billion.


Ethereum’s New Mega-Booster – Morgan Stanley News

All eyes were on Ark Investment Management today after the release of a report claiming [Ethereum](/coins/eth) could reach $180,000 by 2030.

Famed crypto investment fund Ark Investment Management released details today claiming that the market value of Ethereum could reach $20 trillion by 2030. Such a massive market cap would mean an individual Ethereum price of anywhere between $170,000 and $180,000.

The new report from the investment fund supports the claims, by stating that it all depends on the amount of market share Ethereum manages to capture from traditional finance through DeFi.

## $1 million [Bitcoin](/coins/btc)?
---------------------------------------------------------

Decentralised Finance, or DeFi for short, is the area of cryptocurrency that is currently creating more efficient, more transparent, and more reliable applications which aim to disrupt the legacy financial system. The total value of the DeFi market today is $108.5 billion and growing, with the Ethereum network currently accounting for around 70% of all DeFi transactions. If Ethereum can maintain or increase this market share in the next 8 years while traditional financial systems wake up to the cost benefits of DeFi protocols, then anything is possible.

The report also suggested that if Bitcoin can continue to ‘scale as nation states adopt as legal tender then the price of one Bitcoin could exceed $1 million by 2030.’ These are bold claims from Ark Invest, but as we all know are not unheard of in the cryptocurrency space. Only last month Michael Saylor, CEO of Microstrategy, made the claim that Bitcoin would hit $1 million in the next 10 years. Microstrategy backed up their confidence with another purchase of Bitcoin taking their total holdings to 121,044 which at current prices is worth $4.4 billion.

## Ark 21 Shares ETF
-----------------

Ark Investment Management were in the news again yesterday, as the US based [SEC](https://www.sec.gov/) stated that any decision on a futures Bitcoin ETF would be delayed an extra 60 days from the beginning of February. Ark Invest together with 21 Shares had made the application to launch a futures backed Bitcoin Exchange Traded Fund (ETF) back in June 2021. 

The ruling from the SEC pushes the decision deadline back to April 3rd stating that it was ‘appropriate to designate a longer period’ as a proposed rule change regarding Bitcoin ETFs would impact their decision. Ark and 21 Shares will be relieved to know that April 3rd will be the final date for a decision, as the SEC will be unable to deliberate any further from this date.

## A Step in The Right Direction

With more and more investment funds looking to create Bitcoin ETF’s it can only be a positive for the continuing legitimacy and development of the cryptocurrency market. Although not quite a physically backed Bitcoin ETF, futures-based investment funds are a step in the right direction. If cryptocurrencies can continue to gain mainstream exposure and financial legitimacy, then Ark Investment’s claim of a $1 million Bitcoin by 2030 may not seem so far away.

Ark Invest Holdings: Ethereum Prediction

Crypto investors are accustomed to market crashes. Smart investors cash out at the right time and invest in the downtrend, while those experiencing fear, uncertainty, and doubt (FUD) contribute to the market collapse by panic selling. 

The latest crypto crash has erased over $1 trillion in market value. Market-definers [Bitcoin](/coins/btc) and [Ethereum](/coins/eth) plummeted to lows not seen in months and most altcoins have recently suffered greatly. Of course, several factors have contributed to the latest market crash, but we won't dive into them.

Instead, we will explore the consequences of the market plummet. How are investors reacting to the meltdown? 

## Ethereum is a mixed market 

According to Glass node metrics, the total Ethereum value in the ETH 2.0 Deposit Contract reached a five-month low of roughly $20.9 billion. The previous low of roughly $21.2 billion was observed on Sep. 21. 

While this statistic represents one position, the number of users with at least 0.01 Ethereum in their crypto wallets has reached an all-time high (ATH) of nearly 22 million. 

The statistics appear to indicate that holders with large Ethereum investments cashed out at the right time driving the market price down and leading a number of new investors to add Ethereum to their holdings at a relatively advantageous discounted price. 

Investors are keeping an eye on Open Interest in Perpetual Futures Contracts as well, as it reached a one-month high of nearly $65 million at crypto exchange Kraken. Notably, the previous one-month high was on Jan. 22. This indicates an increasingly upward trend. 

It should be noted that the number of Bitcoin addresses with over 100 Bitcoins is at a three-month low of almost 16,000. The previous three-month low was on Jan. 22 (surprise surprise). This indicates an increasingly downward trend. 

A correlation between the last two statistics? I think so. Folks, Ethereum is here to stay and 2022 will be a good year for the crypto asset. Hold tight!



What Does the Latest Crypto Crash Mean for Ethereum?

After months of development, [Ethereum](/coins/eth) finally announced their Proof of Stake test net Kintsugi went live on December 20th.

Until Monday, Kintsugi had been only available to developers looking to experiment and build ahead of the much anticipated launch of Ethereum 2.0 next year. The successful launch of Kintsugi was announced by lead developer Tim Beiko on Monday in a series of tweets. 

Beiko stated “Although client development and UX continue to be refined, we encourage the community to start using Kintsugi to familiarize themselves with Ethereum in a post-merge context. For application developers, as previously explained, not much will change. Tooling which only interacts with either the consensus or execution layer is also largely unaffected.”

Testnets often launch prior to main net to enable developers to test applications in a controlled setting.

## Bad for the environment

The launch of Ethereum2.0 will finally see the complete transition to a Proof of Stake consensus mechanism. Proof of Work blockchains are seen as slow, costly and harmful to the environment and therefore adopting the Proof of Stake model is the logical approach.

The move has taken longer than many people expected however the launch of Kintsugi is a clear indication that the time of reckoning is moving closer. Many industry experts believe Ethereum 2.0 will be ready for public use sometime in Spring next year.

## Smart contract development

The calls for Ethereum 2.0 grow louder by the day. With Ethereum transactions taking anywhere between 5 minutes and four hours depending on network congestion, a Proof of Work model will bring much needed speed to the network. Current transaction costs also make the network unattractive to developers. The general feeling is that when Ethereum 2.0 is launched we will see a massive rise in network use and smart contract application development which will benefit all areas of the industry.

## Stability

Kintsugi will run until the network reaches stability along with other pre launched testnets. Beiko explained that “existing long lived testnets will run through ‘The Merge’. Once these have upgraded and are stable, next up is Ethereum mainnet transition to Proof of Stake.”



Latest Moni

Latest Ethereum News | Page 2

Read the latest Ethereum headlines from around the world

Bitcoin Price and Ethereum Price See 24hr Rise

ETH to GBP: Is Ethereum the Next King of Crypto?

Ethereum’s New Mega-Booster – Morgan Stanley News

Ark Invest Holdings: Ethereum Prediction

What Does the Latest Crypto Crash Mean for Ethereum?

Ethereum POS Testnet Kintsugi Release

Blackrock investing strengthens crypto’s position

Ankr receives significant investment from Binance

How to exchange Monero (XMR) to GBP in the UK