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16 December 2018 17: 30 & nbspUTC
| updated:
December 16, 2018 at 17: 30 & nbspUTC
With the encrypted markets underperforming for over a year, a demand is persecuting all investors – where do the markets go from here? If you have Ethereum and are wondering if the price of Ethereum will rise again, then we can try to give you answers by going through some of the predictions made by market experts.
Ethereum co-creator, Steven Nerayoff, said Ether's market capitalization 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 built on the Ethereum Blockchain increases day by day. It is also essential to know the against and pros of Ethereum to understand where the cryptocurrency is located in the market.
We summarize some of the major predictions related to Ether in this article.
You can also read: A Beginner's Guide to Litecoin
The end of 2018 will see Ether at 2,500 USD
deVere Group, a consulting firm, released Ether's forecast at $ 2,500 by the end of this year. With Ethereum currently trading at $ 89.21 on December 13, 2018, it looks like a steep heel to climb for the cryptocurrency. As for deVere, there will be a further increase in the price of Ether in the years 2019 and 2020. The reasoning behind deVere's forecasts is also the same, greater use of the open source, public, distributed blockchain computing platform .
You can also read: The best Altcoin to invest in 2018
Ethereum will become bigger than Bitcoin
Is Ethereum becoming more popular than Bitcoin? While you may leave this question, the first Bitcoin investor, Roger Ver, definitely thinks so. Ver said that as far as market capitalization is concerned, Ethereum will surpass Bitcoin. Subsequently, according to Ver, also the Bitcoin Cash will exceed the market capitalization of Bitcoin.
CEO of Polychain Capital, Carlson-Wee, according to Ver's opinion on Ethereum that surpasses Bitcoin. As for Wee, Ethereum is doing something that was inconceivable years ago, that is, allowing people to create decentralized applications on its platforms. It is the reason why Ethereum will become more important than Bitcoin. Not to mention, Wee thinks that the continued development of Ethereum will transform the payment industry to offer new ways of storing wealth.
You can also read: How many Bitcoins are there?
1,500 USD by the end of 2018
According to Reddit co-founder, Ethereum will rise to the level of $ 1,500 by the end of 2018. A word of caution also said that Bitcoin would again reach the price of $ 20,000; however, looking at the current bear market trend, it seems like a distant dream.
If the prices set by the experts are something to go on, then you may want to know how you can sell your Ethereum reading our practical guide.
Here are some articles for you to read. Next:
How many Litecoin are left?
How to buy Bitcoin using your bank account?
How to buy Bitcoin with cash?
Swati Kishore
Swati has a strong interest in emerging technologies and loves to write them. He loves trance and is also interested in the philosophy of life.
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