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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.
Invest In Ethereum Technology
So the best thing to do is not investing in the crypto, but investing in the technology. If you invest in technology to make a better world you will definitely be happier.
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
Crypto Currency Price 24H Changes
ETHEthereum (ETH)
679.586
-6.96%
The current price of Ethereum is around $. 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.