Ether seems unstoppable. It reaches new all-time highs almost every week. In early November, it managed to hit several record levels - $4,450, $4,500, and even $4,600. Shortly after, its prices rolled back a little. However, the outlook remains bullish.
Notably, in late October, ether saw a landmark event. On October 29, it jumped above $4,400 for the first time in history. Since August, ether has been growing steadily with only small pullbacks from time to time after an update. Developers changed the mechanism for charging transaction fees. After the update, part of the commission that miners previously received as a reward is being destroyed. This measure may help ease ether’s volatility.
Raoul Pal, a former employee of Goldman Sachs and CEO of Real Vision, considers ether "more promising than bitcoin," pointing to a shortage of supply. Some market participants also believe that in a few years, ether may surpass bitcoin in value. A new CoinShares survey finds that 42% of investors see ether as having the most compelling growth outlook.
