Sunday, April 11, 2021

Gemini’s Cameron Winklevoss States What Will Impact Ethereum (ETH) Price in the Future

Cameron Winklevoss, the co-founder of one of the largest cryptocurrency exchanges in the United States, Gemini, has taken to Twitter to suggest how Web 3.0 will be built and function with Ethereum and Filecoin platforms and their digital currencies.

In the tweet, Cameron aired his suggestion on how the price of both will be impacted in the future.

Read Also: Buying Ethereum (ETH) Now Is A “Steal” –Gemini’s Tyler Winklevoss

Ethereum and Filecoin Will Power Next-Gen Platforms

According to what Cameron Winklevoss believes, the next generation platforms will be developed on the basis of Ethereum and data will be stored on the Filecoin network in the future.

Winklevoss says this will push the coins’ value up, as well as a meteoric increase in demand since services will be paid for in ETH and FIL. He said this will be part of what Web 3.0 will be running on in the future.

Cameron Winklevoss tweeted, “The next generation platforms will be built on Ethereum and store data on the Filecoin network. Services will be paid for in ETH and FIL and as demand increases, so will the value of these tokens. These are the fundamental building blocks of the decentralized web or web3.0.”

Ethereum (ETH) Maintains Its Stability above $1,000

Since the beginning of 2021, Ethereum (ETH), the second-largest digital currency by market capitalization, has been struggling to retest its price all-time high of $1,432 recorded in January 2018.

Actually, the cryptocurrency managed to come close to the milestone a few days ago but ended in disappointment after replicating Bitcoin’s price correction.

Read Also: Analyst Lark Davis States Factors To Propel Ethereum (ETH) To $10,000 and Beyond

According to CoinMarketCap, before the huge price retracement, the highest level ETH managed to attain in 2021 so far is $1,347. At the time of publishing, Ethereum is trading at $1,119.48, with a relatively 10% price upsurge based on 24 hours estimation.

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Solomon Odunayo
Solomon has a growing passion for writing, this propelled him to keenly work on Eagles News Media for about two years before delving into the cryptocurrency and Blockchain industry he finds more interesting. He worked as a crypto Journalist and Editor at NewsLogical before joining Herald Sheets, owing to the priceless experience he has accumulated since he became a contributor in the crypto community.

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