The Winklevoss twins who are also co -founders of crypto platform Gemini predict Ethereum (ETH) will hit the price level at $ 40,000 for the long term, followed by the assumption of price targets, $ 5,000 and $ 10,000 by the end of the year.
At a bullish start to the year, the Winklevoss Twins were somewhat skeptical of Ethereum’s performance. Both estimate the value of ETH will reach at the $ 1,400 level, approaching an all-time high (ATH) in 2017.
However, ETH instead jumped to higher -than -expected levels, recording the latest ATH at over $ 4,300 (May 12, 2021) before declining due to the collapse of the crypto market.
At the time of writing, the price of ETH has rebounded to its current value of $ 2,684, up nearly 3% in 24 hours.
So it is not impossible if Ethereum is able to reach the $ 5,000 and $ 10,000 levels by the end of 2021.
However, Ethereum will be trapped in its own trap if transaction costs rise again. At that point, potential projects like Solana (SOL) or Tezos (TZS) will take advantage.
The Winklevoss twins described ETH ownership as meaning investors buy part of the project and the protocols built on it, It’s the same as buying vacant land and multiple projects built on it, leading to value increases.
