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Published on August 30, 2023 13:48 GMT+00:00edited on August 30, 2023 13:49 GMT+00:00

Ethereum has rapidly become the second most valuable cryptocurrency after Bitcoin. With its recent transition to a proof-of-stake consensus model and its expanded capabilities, Ethereum’s future looks bright. This guide provides a data-driven Ethereum price prediction for the short, medium and long-term.

What is Ethereum (ETH)?

Ethereum is a decentralized blockchain platform created by Vitalik Buterin in 2015. Like Bitcoin, it uses a blockchain to store transaction records. But Ethereum’s key innovation was enabling decentralized applications (dApps) and smart contracts on its blockchain.

The Ethereum blockchain serves as a secured public ledger for verifying and recording transactions. Ether (ETH) is the native cryptocurrency of the platform that acts as ‘gas’ to power transactions …