After Bitcoin Ether is the second-largest cryptocurrency that now could climb more than sevenfold to $10,500. We need to notice that it reached a record price this week.
There is increased popularity in the related Ethereum blockchain for so-called decentralized finance applications. Ethereum made a network upgrade would allow it to process a similar number of transactions as Mastercard Inc. and Visa Inc.
Blockchain computing may be the future of the cloud and Ether is the best investment considering the risk and reward in crypto. Most of the risks include only setbacks for the network upgrade or a crypto bear market.
Ether increased its value five times last year compared with the quadrupling in the price of Bitcoin during a polarizing crypto growth. Supporters believe that digital coins are growing as an asset class, while critics say they remain susceptible to uncontrolled speculation and major instability.