Ethereum is expected to hit $5k by the end of June 2021, and the chance for the world’s second-largest digital currency to hit this milestone is standing at 6 percent. In the last couple of weeks, Ethereum (ETH) is giving very tough competition to Bitcoin (BTC) and other cryptocurrencies, which is ultimately the reason for its increasing demand in the market. Ethereum struggled to manage the price area of $2,700 into futures expiry and different options till today. At the closing of the month, Ethereum (ETH) is struggling to get to new All-Time High (ATH) as right now, the market cap of Ethereum has outstripped PayPal and is expected to do the same with Walt Disney.
This predicted growth and date is shared by the professional team of Skew, whose charts are meant to be one of the most reliable sources. The skew team calculated and represented the data in the chart, which depicts that based on the previous performance and growth, ETH is more likely to achieve the targeted level. The chart explains the current growth rate of ETH and predicting ETH’s chances to hit $3k in no time in the near future.
While I am writing this article, Ethereum is standing at $2,788, and it is leaving behind by only $272 to reach its aforementioned target. It is also important to note that ETH is already holding the critical worth zone ranged $2,500 and $2,700. If these figures remained undisturbed, Ethereum is most likely to show bullish behavior and secure the new ATH.
If we look from a market capitalization perspective, it is clear that Ethereum is standing at $322.614 Billion, which is more worth as compared to PayPal. While on the other hand, the second payment processing firm named Walt Disney is now at the market cap of $314.52, which is obviously lesser than the market cap of Ethereum.
It is expected that if Ethereum keeps on maintaining its greenish trajectory trend, ETH will soon go higher on market cap and will leave behind MasterCard ($386.36 Billion), Walmart ($392.84 Billion), Bank of America ($353.12 Billion), and Walt Disney ($336.42 Billion). In brief, it won’t be wrong to state that in a coming couple of days, Ethereum (ETH) will hit $3k and will be having a market cap of $347Billion, which is worth more than the market cap of Walt Disney.