Disclosure: this article is not an investment advice.
Ethereum Predictions 2018: How high is the price of Ethereum? Last analysis
It is not an easy question but some predictions can be made. If we think of Bitcoin, no one could imagine that it would hit 20,000 dollars in one day starting at $ .08. But it has happened since 2009, in less than 10 years. If we think the same for Ethereum, it will take some time, but for Ethereum it will be much faster to reach some numbers. And even if we think of the basic technology of Ethereum, it may be easier than it becomes more common.
DAPPS based on etereum blockchain
But it is important that you remember, Ethereum is not just a coin; it is also a technology far beyond our imagination. Most ICOs use Ethereum-based Blockchain technology. This is also another reason why Ethereum is more likely to last long.
How high is the price of Ethereum?
When it becomes more widespread and mainstream, it can reach very high numbers in a year. But it is not safe. It will be easier to climb after hitting $ 1k.
Of course you will see some drops from time to time, but if the question goes in the way it does at present, it is not difficult to hit those numbers imagined in the long run.
Investing in the Ethereum technology
So, the best thing to do is not to invest in cryptography, instead, invest in technology. If you invest in technology to make the world a better place, you will be more satisfied.
Is Ethereum better than Bitcoin for the future?
After the huge increase in the price of Ethereum in 2017, the question that most investors face is whether to invest in Ethereum or Bitcoin in the current year. First, it is necessary to evaluate the past performance of both applications. Once you can examine this, you may be able to understand which is the best option to invest.
Sellers accepting Bitcoin are increasing day by day, however, the underlying application of Ethereum is stronger as it provides a platform for the execution of smart contracts, which is increasingly being used by an ever-increasing number. of companies all over the world.
On the other hand, when you talk about Bitcoin, it's mostly used as currency. However, it is not able to replace any of the Fiat currencies in the off-line world. This is one of the main reasons why, after the recent run-up, it is not worth investing right now. The risk-return ratio is currently in favor of risk when it comes to investing in Bitcoin.
When you compare both cryptocurrencies based on media coverage, you realize that Bitcoin is much stronger here than Ethereum. This is one of the main reasons why Bitcoin is still attracting new investors. Also, you have to consider the forks (Bitcoin Cash, Bitcoin Gold) that are also coming in Bitcoin. They are generating added value for investors.
With the 1,000% increase in Ethereum, Ethereum is also receiving a good media outcry. For this reason, it is no longer an unknown cryptocurrency.
You must understand that Bitcoin has the highest cryptocurrency value in market capitalization. On the other hand, when you're looking at Ethereum you realize it's 2ND most appreciated currency. However, the gap between Bitcoin and Ethereum is quite wide. Even if Ethereum were to remain on 2ND the most appreciated cryptocurrency, still has a huge appreciation space. Also, since the basic application is stronger, you can be sure that the volatility would be at the bottom.
Because of all these reasons, you have to understand that if you are looking for a relatively minor volatile cryptocurrency, then Ethereum is one of the options for you. It is necessary, however, to make sure that when you opt for Ethereum you have a long-term horizon. Having a long-term commitment would make it easier for you to make a profit.
How high is the price of Ethereum?
Many cryptocurrency investors are actually confused about the true potential of Ethereum. While Bitcoin is primarily an investment or a cryptocurrency that is used for investment, Ethereum actually has its own application. Provides decentralized processing power to software developers and businesses. Furthermore, it is a platform based on the intelligent contract system that ensures that companies can use the platform to easily make transactions. Moreover, when it comes to the transaction, the speed is relatively fast. This ensures that not only the underlying application is strong, but also the transaction-based mechanism is quite strong.
This brings us to the very important question about how etereum can actually go.
If you only check the last 12 months, you will realize that Ethereum has increased in value by 1000%. This brings us to the very important question about whether Ethereum can increase more.
How high can Ethereum go?
The Ethereum corporate alliance already has a lot of Fortune 500 companies that are looking to develop appropriate applications from the platform as well as decentralized solutions provided by Ethereum. Therefore, you can be sure that the use of the platform would increase exponentially in the future. With so many different Fortune 500 companies in the fray, you can be sure that proper research would be done and the application would be developed as well. This would make it much easier for you to reap the benefits. As applications are being adopted by more and more companies and individuals, it would be easier for investors to collect dividends in the form of rising prices for Ethereum.
Some of the other reasons that can contribute to the price increase of Ethereum are:
- High availability of Ethereum through many different exchanges
- Media Hype
- Real application
Therefore, compared to some of the other cryptocurrencies, Ethereum is actually one of the best options to invest in. The main reason is that it is a real application and a real platform that can be used in the long run. This is one of the main reasons why Ethereum can be invested. However, it is necessary to keep in mind that in the short term it can be quite volatile. For this reason, it is important to consider Ethereum as a long-term asset rather than a shorter-term asset.