Ethereum is strong, and major institutions expect Ethereum to increase by 7 times. Do you have any currency in your hand?

In the past few months, the price of Bitcoin, the big digital currency, has soared. Some analysts currently predict that the second largest digital currency, Ethereum (ETH), will also rise sharply.

According to the forecast of Fundstrat Global Advisors LLC strategist David Grider, the second largest cryptocurrency, Ethereum, may climb 7 times to $10,500 after setting a record this week.

The prediction is based on the popularity of Ethereum in so-called decentralized finance (DeFi) applications, and the digital currency has also made progress in network upgrades, which allows it to handle transactions on a scale similar to MasterCard and Visa.

Grider wrote in a report on Tuesday that Ethereum is the investment product with the best return-to-risk ratio in the crypto sector, and said that blockchain computing may be the future of cloud computing.

Decentralized finance allows people to carry out activities such as lending and lending without the need for traditional intermediaries such as banks. At present, many decentralized financial applications run on the Ethereum blockchain.

Under the digital currency frenzy and polarization, the price of Ether has risen more than five times last year, while the price of Bitcoin has quadrupled. Proponents believe that digital currency is maturing as an asset class; critics say that digital currency is still prone to excessive speculation and large fluctuations.