Ethereum price will increase to rising fourfold this year predicts financial consulting firm DeVere Group.
Ethereum price will increase for three reasons
“The price of Ethereum is predicted to increase significantly this year, and could hit $2,500 by the end of 2018 with a further increase by 2019 and 2020,” wrote Nigel Green, founder and CEO of deVere Group, in an e-mail to MarketWatch.
According to him, the “upswing will be fueled by three mains drivers”.
“First, more and more platforms are using Ethereum as a means of trading. Second, the increased use of smart contracts by Ethereum. And third, the decentralization of cloud computing”
Regulation as a positive factor
Greene also said that regulation in the cryptocurrency sector is inevitable. That will lead to increased investor protection and long-term market confidence.
Ether coins form the basis of the Ethereum network. They have become a digital currency for new issuers of markers because of its efficiency and flexibility.
THE AVERAGE PROCESSING TIME FOR TRANSACTIONS ON THE ETHEReUM IS ABOUT 14 SECONDS, COMPARED TO BITCOIN TO 10 MINUTES
Note that institutional investors are also interested in the Ethereum. It is possible that in the near future it will include in the trade byclassical exchanges along with Bitcoin. Recall that when it happened with Bitcoin, its cost exploded and reached a peak of about $ 20,000, after which a long correction began, which continues to this day.
The current market value of Ethereum is $ 67.4 billion.
Ethereum, the second largest regarding market capitalization, in the last 24 hours has grown by 0.65% and currently trades at about $ 648.63.