Ethereum may not be the most popular cryptocurrency in the world, but it quietly touched an all-time high of $4,400 on Friday.

In the crypto world in which Bitcoin and the “Shiba Inu” have both stood out, Ethereum has slowly and steadily gained its share of popularity.

In 2021, the price of Ethereum jumped from $700 on January 1 to as high as $4,400 on October 29.

With a market capitalization of nearly $508 billion, Ethereum is the second most popular cryptocurrency in the world.

Once the Ethereum network upgrade to Ethereum 2.0 is completed, the Ethereum blockchain will switch from the current Proof of Work mechanism to the more efficient Proof of Stake network.

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The Ethereum community has already staked over 8 million Ethereum, worth over $35 billion under the Ethereum 2.0 Depository Contract.

On the other hand, the dominance of Ethereum over the cryptocurrency market is on the rise.

But are these two factors enough to justify Ethereum’s recent bullish move?

The following question can also be asked:

Is there still an opportunity to invest in Ethereum?

Maria Stankevich, chief business development officer at EXMO, believes that despite the recent bullish rally in Ethereum, cryptocurrency prices are still not overvalued.

She answered the question:

Is there still an opportunity to invest in Ethereum?

saying:

If we talk about Ethereum as an investment, I would definitely recommend it, because I don’t think the coin is too expensive, there is still room for growth.

The price is usually raised by the additional money supply, when people start spending some money that is not enough for a car or a house, on cryptocurrencies.

I believe that the current cash flows that are driving prices higher came from institutional investors diversifying their portfolios.

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Commenting on the network’s recent updates, Maria told:

As for the new Ethereum update, I would like to mention one important change:

They tightened the rules, in general, they talked about this for a long time.

For me, the procedure is a bit unreasonably harsh on the miners, but that’s my opinion.

At first, it was minimized, because potential errors in the program were more likely to occur than some of the auditors’ procedures, but now they’ve made it just right.

high demand:

According to Johnny McMamelley, founder of CryptoClear, the demand for Ethereum is rising sharply, stating:

Exciting times are coming, as the Altair Beacon Chain update had a successful start, with 98.7% of nodes being upgraded.

It is also clear that the demand for Ethereum is skyrocketing.

Currently, user inquiries about buying more Ethereum have exploded.

Especially the question: Is Ethereum still investable?

My answer is that Ethereum is one of the best projects especially for the long term because of the team, technology maturity and realistic use case.

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The world of green crypto:

Joaquim Matineiro Tor, Associate Banking, Finance and Blockchain at Roca Junyent, said:

Ethereum has met expectations and Ethereum 2.0 (Proof of Stake based) will show how it will dramatically reduce power consumption

Also, all Metaverses only need Ethereum and specifically for its non-fungible tokens (NFT).

Therefore, we could see a massive rise in the price of Ethereum within a few weeks

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