Ethereum will rise in value to $2500 per ether by the end of 2018. By the end of 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.
When you look at those raw figures you realise the potential of Etereum mining in 2018
Predictions for Ethereum
Here are a few predictions by Nerayoff, who created Bitcoins.
” Businesses in a wide variety of industries are starting to take note of what value Ether’s protocol could offer them.”
Nerayoff has said that the speed of transactions using Ether are why it has become so popular. He maintains increasing interest in crypto currency will increase the value for Ethereum in 2018. It might even overtake the more popular Bitcoin.
“What you’re seeing with Ether is quick increase in the number of projects — there are billions of dollars being poured into the ecosystem right now — maybe 10 times more projects this year than last year, which could easily lead to a doubling, probably a tripling in price by the end of the year,”
Bitcoin was designed to function as a peer to peer electronic payment system. Ether was designed for smart contracts that execute when specific conditions are met. Nerayoff helped craft token sales for the ethereum project. He now says businesses are starting to take note of what value Ethereum’s protocol could offer them.
“You’re seeing a tremendous amount of growth across a wide variety of industries. Fintech is actually the natural area, but now you’re seeing it becoming increasingly more creative. You find projects in the oil and gas industry. You’re finding government using it in their applications. You’re seeing it in gaming, all kinds of different areas,” Nerayoff said.
Reasons for Increase
Nerayoff’s predictions are very positive. There are quite a few reasons for his optimism. After all, Ether is the fastest growing Crypto Currency. Reasons why Ether can still increase in value are:-
- Increasing application uses.
- More companies adopting decentralized cloud-based applications.
- The increase in use of smart contracts.
This is why Ether is increasing in popularity. As more companies switch to Ether, the value of it will increase. With the world moving forwards, Ether will continue rising rapidly.
Ethereum will become the second most popular currency in 2018. It will overtake Litecoin easily. It might even overtake Bitcoins by 2020.
Therefore, you must look to invest in Ether. It has great application, and it also has great appreciation.
Conclusion on Ethereum
Ether will continue in value in 2018. Ether must be mined because it will continue to rise in value. As it rises, so too does your own cash.