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Business analyst and influential technology expert believe that the art world will help push the prices of Ethereum. The cryptocurrency could reach $ 500 by the end of this year.
Ethereum Price (ETH) today – ETH / USD
The comments of Thomas Crown Art, Ian Mcleod, the world's leading art technology agency that was founded with Stephen Howes, a renowned art dealer, presents itself as the second largest digital currency could not break the $ 208 and $ 210 resistance levels against the USD.
Said Mcleod,
"The price of Ethereum has been in the bear territory for a few weeks, with prices in dramatic decline.
"But it can be expected that there will be a reversal of the trend between now and the end of the year.After returning to the bull territory, there will be a dramatic recovery with substantial gains.
"It would be reasonable to believe that Ethereum will reach $ 500 by the end of 2018 and will continue on an overall upward trajectory throughout 2019."
He also says that many of the expected price increases will be driven by a growing number of industries including antiques, real estate, finance, using Ethereum's superior Blockchain technology and the same currency.
The potential in the world of art
Mcleod talked about the potential in the art world when it comes to crypto. He said:
"The art world is probably one of the greatest adopters as blockchain can authenticate the works of art. It is an ideal use case for distributed accounting book technology as it offers the ability to archive a permanent and unchanging record of artwork at the time of creation that can be used to authenticate recorded works wherever".
He says that Ethereum is not just a fundamentally strong digital asset, but its Blockchain offers a viable and tangible solution for so many industries. Resolves various problems while improving existing systems.
A month ago, Mcleod told traditional media that we could expect BTC to lose nearly fifty percent of its digital market share for Eth, the closest rival within the next five years.
He said:
"Ethereum is already light years ahead of Bitcoin in all, but at a price – and this gap will become increasingly apparent as more and more investors enter the crypto".
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