What Altcoin Has The Best Chance For 1000x In 2025?
An altcoin that creates smart contracts by eliminating third parties
Looking back in history, most of the wealthiest individuals have derived their wealth from the stock market. It is only a few times that other avenues of wealth have outperformed the stock market, but it has been consistent until the onset of cryptocurrencies.
The crypto market has completely shifted the game and taken it to a whole new level.
In just ten years, the crypto market has created millionaires that the stock market could only dream of in the same period.
If you had invested about $1000 in Bitcoin about seven years ago, right now, you would be a millionaire. It is not too late, though, since Bitcoin was followed by a barrage of other coins, together known as altcoins.
A few altcoins have a chance due to their growth trend of getting to the level of Bitcoin.
Ethereum Has a Great Potential for Growth
One of the altcoins closely following Bitcoin and has the best chance for 1000X in 2025 is Ethereum.
After Bitcoin, Ethereum came about in 2013 and changed the way the world viewed the cryptocurrency industry as a whole.
Ethereum introduced the concept of smart contracts and decentralized applications (dApps).
While Bitcoin can only be used as a decentralized digital currency, the Ethereum platform allows institutions to create smart contracts and still use ether as a currency to settle those contracts without the need for third parties.
These extra features set aside Ethereum and make it the altcoin that has the best chance for 1000x in 2025. It has far much more promise due to these real-world applications. Serious institutions like banks and governments are already lining taking up this idea seriously and are considering integrating their systems onto the Ethereum network.
Ethereum’s Upward Trend
After enjoying an upsurge from 2017 to 2020, most cryptocurrencies, Ether included, experienced a dip that saw their prices more than halved.
Ethereum has since recovered, growing by more than 1000% as compared to Bitcoin's 300%.
This growth is more to do with Ethereum's platform use cases in the real world. While Bitcoin is just a digital currency whose value relies on the support of those who use it, ether, the currency that runs the Ethereum network, is growing due to practical uses on the Ethereum network.
In 2020, Ether was retailing at about $250 and then grew by an impressive 500%. By the end of 2020, this cryptocurrency was nearing $1000. Currently, Ether is hovering between $3000 and $3500.
This value represents a percentage increase of about 1300% in just one year. It has, in a few instances, gone above the $4000 mark. Looking at the trend and considering its practical use cases, it is likely that Ethereum might grow substantially in the next three years.
With upgrades the developers are adding to the Ethereum network, ETH could easily surpass the $20,000 mark as more individuals and institutions continue adapting it, especially for smart contracts.
If you are to invest in an altcoin with the best chance for 1000x in 2025, it should be Ethereum.
eToro – The Best Platform to Buy Ethereum
eToro have proven themselves trustworthy within the crypto industry over many years – we recommend you try them out.
Virtual currencies are highly volatile. Your capital is at risk.