Move over, bitcoin. Ethereum is at an all-time high | CNN Business (2024)

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Move over, bitcoin. Ethereum is at an all-time high | CNN Business? ›

Ethereum is at an all-time high. Bitcoin prices continued their rebound Monday, rising about 4% to nearly $59,000. But the world's largest cryptocurrency has been overshadowed lately by its younger sibling, Ethereum. Ethereum, or ether for short, hit a new record high Monday of about $3,200.

By the end of 2030, the predicted Ethereum price could soar to a peak of $26,575.21. The current price of 1 Ethereum is $ 3,139.76127451.

On March 14, 2024, bitcoin reached an all-time intraday high of $73,835.57.

If ethereum breaks out above $4,000 in 2024, the next key level will be surpassing the all-time high of $4,891. Industry price targets for ethereum in 2024 range between $2,600 and $20,000. But crypto markets are unpredictable and volatile.

Ethereum (Ether) had the highest market capitalization of $571.67 billion on November 9, 2021.

If Wood is correct and Bitcoin does reach $3.8 million by 2030, an investment of $1,000 would be worth over $60,000. This would result in a compound annual growth rate (CAGR) of over 100%. Read Next: Bitcoin has jumped another 45% already this year – how much would you need to get started today?

Bitcoin (BTC)

Bitcoin (BTC) remains a compelling choice for investors in May 2024 due to its fundamental strength, technical innovation, and favorable macroeconomic climate. Its capped supply of 21 million coins provides scarcity, driving potential long-term value.

How high could Bitcoin realistically go? ›

Bitcoin, it found, is likely to hit an average peak price of $87,875 in 2024, with some experts predicting it will climb as high as $200,000. On the flip side, the average lowest price Bitcoin could hit by the end of 2024, is seen as $35,734, the report said, with some predicting it will fall as low as $20,000.

A $100 investment in Bitcoin could purchase 0.00607 BTC today based on a price of $16,466.14 at the time of writing. If Bitcoin hits the $1 million price target by Wood in 2030, the $100 investment would turn into $6,070. This represents a gain of 5,970% from now until 2030.

MicroStrategy. Michael Saylor's US-listed business intelligence firm is the biggest institutional holder of bitcoin with more than 214,000 coins, more than 1% of the total supply, according to Bitcoin Treasuries data.

Five years later to press-time and the $1,000 would be worth $709,740.70. The returns may not be as impressive, like those in 2018, but it is still a whopping 70,974% gain. Even for the earliest of ETH investors, the cryptocurrency has unleashed a bonanza returning 21,971.12%.

1 ETH would be worth $12,212 in 2040 based on a 11.8% yearly growth rate. Calculate your potential ETH profits with our Ethereum profit calculator. This is a much more realistic scenario, as it would translate to a $1.4 trillion market cap for Ethereum.

In 2015, the year that Ethereum first launched, the price started at around $0.74 and the lowest closing price for ETH was $0.42. The year 2015 was the only time when Ethereum was worth one dollar or less, with the exception of January 2016.

At the start of the sale and for fourteen days the price was set so that one bitcoin bought 2,000 ether. At the end of the 14-day period the amount would decline linearly to a final rate of 1,337 ether, which meant that one ether was worth 0.0007479 bitcoin or about 30 cents at bitcoin prices in September 2014.

2021: Highest Price Historically (Over $68,000)

The BTC coin reached its peak in 2021 (at least as of 2023).

Bitcoin remains the most highly valued cryptocurrency. Bitcoin has seen greater acceptance by traditional finance, evidenced by the approval of spot Bitcoin ETFs in 2024. Ethereum can support smart contracts, software programs that execute automatically when certain conditions are met.