Analysts Predict $100 Price for Ethereum's Ether Token

The price of ether rose a meteoric 65% in April to touch $80, but already analysts are predicting that the digital token could pass $100 – and soon.

In remarks to CoinDesk, cryptocurrency hedge fund managers were perhaps the most bullish about this projection, stating that they believe it will hit this mark in coming trading sessions. Opened to the market in 2015, ether tokens, which power the ethereum blockchain, are up 2,800% from their original sale price during a fundraiser for the platform.
Indeed, the price of tokens on the dogecoin blockchain has risen 133% over the last month, though dogecoin, founded as a joke project, has seen less institutional or developer traction.

Other respondents pointed to the general trend of positivity around the ethereum platform as the reason for ether's gains. Ethereum has of late become the subject of interest of institutions including Bank of America and JP Morgan, as well as a budding ecosystem of decentralized applications that use the blockchain for automated operations.

The result, according to Eliosoff, is that there is a growing belief ethereum will be among the platforms that prevail when market fervor settles.