An Ethereum Price Forecast: Fivefold Increase This Year!
Given the enormous untapped potential of Ethereum, and the strong adoption among respected top banks across the globe, we believe this trend acceleration only got started. Because of that, we forecast that Ethereum’s usage will go up fivefold this year. Given those data points, our best case price forecast for Ethereum in 2017 is $550, which is a fivefold increase against the price of this week. The price of cryptocurrency Ethereum in 2017 is going through the roof, similar to the price of Bitcoin and several other cryptocurrencies. Our Ethereum price forecast for 2017 and later is very bullish. Interestingly, there are no Ethereum price forecasts available on the web. So we are among the first ones to forecast the Ethereum price for 2017 and later. There is even no Ethereum price forecast on the official Ethereum site ethereum.org. Ethereum price in 2017 The price of Ethereum is not moving ‘accidentally’ higher. There are several coins in cryptocurrencies universe, not all though, that are moving strongly higher. That is really a result of supply/demand dynamics. And here is the biggest news: this trend only got started. Are we saying that a bubble could develop over time? Yes that’s what we are saying, but not anytime soon yet. The total market cap of all cryptocurrencies combined has surpassed $60B meantime. To put that figure into perspective: Tesla’s market cap is $50B, Boeing Airlines $100B, Coca Cola $180B (rounded figures for April / May 2017). In other words, cryptocurrencies are being bought and sold in this world, transactions take place, so they are on their way to become mainstream. Look how trading volume has exploded, see below chart, at the bottom of the chart.
https://www.investing.com/analysis/an-ethereum-price-forecast-for-2017-200190384
What is the long term value of a currency that has no limit to the amount of units that can be created? I do not know enough about the design of Ethereum to want to invest in it directly, I will leave for those that have a use for the smart contract technology.
That is a great question for some that are into this crypto way deeper than I. Thanks for the response!
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