How High Can The Price Of Ethereum Go?
When it becomes more widespread and mainstream it can hit the numbers over in a year. But it is not sure. It has already seen the numbers of $1377. It will be easier to climb after hitting $1k.
Sure it will see some drops from time to time. But in a long term if the demand goes in that way it is not hard to hit those imagined numbers.
Ethereum price prediction: 2018, 2019, 2020
Ethereum is fast emerging as a major cryptocurrency. In the last few days, it has scaled new heights quite consistently. Also, in the calendar year 2017, it is risen by about 3600%. This is one of the main reasons why most of the investors are also looking at Ethereum as a long-term investment bet.
This brings us to the important question ‘what can be the Ethereum price? You need to understand that you have to look into the usability as well as the application of the cryptocurrency. When you are able to look at the usability and application of cryptocurrency, thereafter only it would become easier for you to understand how its value can appreciate. When you’re looking at Ethereum, you would realize that it is underlying capability that is it provides decentralized processing power as well as bandwidth. Owing to this very reason, Ethereum is much different as compared to the other tokens which are just a token for investment. This also means that the value of Ethereum would increase in the future.
In the current year that is 2018, it is predicted that Ethereum would reach around $ 2500. By the end of next year that is 2019, it is expected that Ethereum would be somewhere around $ 14,000. Similarly, by the end of the year 2020, it is assumed that Ethereum would be around $ 31,000.
Thus, when you look at the kind of returns which are expected from Ethereum, you would realize that it has a long way to go still.
Reasons why Ethereum can appreciate by a significant amount:
some of the reasons include:
Increasing application uses
More companies adopting decentralized cloud-based applications
Increased usage of smart contracts
These are the 3 reasons why Ethereum is being more widely used. You need to keep in mind that when it comes to Ethereum, the more the platform is used, the higher would be the price of the token. Owing to this very reason, you can be sure that the value of Ethereum would increase in the future as well.
Also, it is expected to become the 2nd most valuable cryptocurrency according to the market cap. This is one of the main reasons why it would consistently appreciate as well over the years.
So, whenever you’re looking to invest in any cryptocurrency, it is a much better idea to look at the option of Ethereum. When you look at the option of Ethereum, you would realize that not only it has a strong application but also significant potential for appreciation.
Ethereum 5 year projection and predictions
The current price of Ethereum is around $ 1000. It has reduced a bit after rising to $ 1200. Many of the investors are trying to figure out whether it has the same kind of potential to increase in the future as well or not.
If you look at some of the predictions which are available online, you would realize that certainly, there is a high chance that Ethereum would actually rise in the future as well.
As per some of the predictions online, by the end of this year, Ethereum would be around $ 1900. Similarly, after a period of 5 years, it would be around $ 5500.
This is the reason why many investors are still looking to invest in Ethereum.
Another reason why Ethereum is attracting such a lot of investor attention is due to the fact that the actual utilization of the Ethereum platform is just at the starting point. In the years to come, this utilization would surely improve. As this utilization improves, so would the price of Ethereum.
More and more exchanges are also listing Ethereum as a cryptocurrency which you can buy. Therefore, these days buying Ethereum cryptocurrency is not that difficult either. Investors can sign up easily on the different exchanges in order to buy Ethereum. You can easily exchange other cryptocurrencies in order to buy Ethereum. Moreover, many of the ICO’s are being launched on the Ethereum platform as well which is further fuelling the demand for Ethereum. This is another reason why the price of Ethereum would increase in the future as well.
Thus, if you’re looking into the futuristic prediction of the different cryptocurrencies, Ethereum is certainly one of the best options which you can currently invest in. You need to, however, keep in mind that you have to look at the tremendous increase in the price of Ethereum in the last few months. Therefore, it should not come as a surprise that the price of Ethereum can actually reduce in the shorter term. However, in the longer term, you can be sure that the price of Ethereum would increase. If you’re ready to bear that volatility and if you’re ready to hold Ethereum for a longer period of time, you can be sure that you would be able to get a good amount of return as well. Also, the kind of returns which are provided by cryptocurrencies are much more than the traditional asset classes which you can invest in.
Is Ethereum a bubble? Ethereum price speculations 2018
When you look at the growth of Ethereum, you would realize that it has been astronomical, to say the least. Ethereum is not a case when it comes to rise in cryptocurrencies. There have been a wide variety of cryptocurrencies which have increased significantly in the last 12 to 14 months. Cryptocurrencies Ethereum specifically has gone from being traded around $ 100 to being traded over $ 1200. All of this within the last 15 months. This is one of the main reasons why investors are actually fearful of investing in Ethereum. This brings us to the very important question as to whether Ethereum is actually in bubble territory.
Normally, when you’re speaking about bubble territory, the asset which is in the bubble territory does not have the proper fundamentals to match the price rise. You need to understand that Ethereum is not a for-profit company and therefore, it cannot be judged like one. On the other hand, the asset prices are also are regulated by the demand-supply equation. The demand for Ethereum is significant as more and more investors are looking to invest in it. However, rather than just looking at the demand of the asset, it is important to look into the underlying application of Ethereum.
In the longer term, only when the underlying application of Ethereum is being utilized more and more, Ethereum would increase in value as well. This is one of the main reasons why you have to look at the potential end users.
The truth is that even Fortune 500 companies are interested in what Ethereum has to offer. They have formed an enterprise Ethereum alliance in order to harvest the smart contract capability as well as the blockchain capability of Ethereum. Once proper end applications are available, you can be sure that the usage of Ethereum would increase significantly.
In addition to the application which we discussed above, Ethereum platform is also being used by the companies in order to launch their ICO’s as well. This is another application which is gaining more and more momentum.
Prediction of Ethereum for 2018:
The prediction of Ethereum by this year-end is around $ 2500. It remains to be seen whether it is able to attain these levels or not.
Thus, whether you should invest in Ethereum or not would actually be dependent on the time horizon of investing. If you’re just investing for a couple of months, it might not be a good idea to invest now. On the other hand, if you’re thinking of investing for at least 4 to 5 years, you can invest at the present levels as well as the end-user applications of Ethereum are still pretty strong.
It is not an easy question but some predictions can be done. If we think about Bitcoin, no one could imagine that it will hit the 20k dollars in one day starting from $.08. But it happened since 2009, in less than 10 years. If we think in the same way for Ethereum, it will take some time but for Ethereum it will be faster to reach some numbers. And also if we think about the background technology of Ethereum, it can make it easier to become more common.
Ethereum Based Blockchain DAPPS
But you should remember that, Ethereum is not only a coin it is also a technology far beyond our imagination. Most of the ICO’s are using Ethereum based Blockchain technology. This is also something else why Ethereum will last more.
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Author Adam Web