With the crypto markets underperforming for over a year now,
With the crypto markets underperforming for over a year now,
One question is haunting all Investors- Where do the markets go from here?
If you own Ethereum and are wondering if Ethereum price will rise again, then we can try and give you some answers by going through some of the predictions made by market experts.
Ethereum’s co-creator Steven Nerayoff has famously said that Ether’s market capitalisation will reach $110 billion from the current $9,254,802,638 (at the time of writing).
The reasoning behind Nerayoff’s prediction is that the amount of products being built on the Ethereum Blockchain is increasing by the day. It is also essential to know the cons and pros of Ethereum to understand where the cryptocurrency stands in the market.
Let’s sum up some of the major predictions related to Ether in this article.
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End of 2018 will see Ethereum at $2,500
deVere Group, a consulting firm, has released the prediction of Ethereum at $2,500 by the end of this year.
With Ethereum currently trading at $89.21 on December 13, 2018, it seems like a steep heel to climb for the cryptocurrency. As per deVere, there will be a further hike in the price of Ether in the year 2019 and 2020.
The reasoning behind deVere’s forecast is also the same- increased use of the open-source, public, blockchain-based distributed computing platform.
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Ethereum will Become Bigger than Bitcoin
Is Ethereum becoming more popular than Bitcoin? While you may be left to wonder this question, early Bitcoin investor, Roger Ver, definitely thinks so.
Roger Ver has said that regarding market cap, Ethereum will overtake Bitcoin. Subsequently, according to Ver, Bitcoin Cash too will exceed Bitcoin’s market capitalization.
Polychain Capital’s CEO, Carlson-Wee, seconds Ver’s opinion of Ethereum surpassing Bitcoin.
As per Wee, Ethereum is doing something that was inconceivable years ago- that is allowing people to build decentralized applications on its platforms. It is the reason why Ethereum will become more important than Bitcoin.
Not to mention, Wee thinks that the ongoing development in Ethereum will transform the payments industry to deliver new ways of storing wealth.
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$1,500 by the End of 2018
According to Reddit’s co-founder, Ethereum will rise to the level $1,500 by 2018’s end.
A word of caution, he also said that Bitcoin would again reach the price of $20,000; however looking at the ongoing bear market trend, it seems like a distant dream.
If the prices predicted by experts are anything to go by, then you might want to know how you can sell your Ethereum by reading our handy guide.
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