It is not an easy question but some predictions can be done. If we think about Bitcoin, no one could imagine that it will hit the 20k dollars in one day starting from $.08. But it happened since 2009, in less than 10 years. If we think in the same way for Ethereum, it will take some time but for Ethereum it will be much more faster to reach some numbers. And also if we think about the background technology of Ethereum, it can make it easier to become more common.
Ethereum Based Blockchain DAPPS
But it is important that you should remember, Ethereum is not only a coin it is also a technology far beyond our imagination. Most of the ICO’s are using Ethereum based Blockchain technology. This is also something else why Ethereum will be long lasting.
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 much more happier.
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Is Ethereum better than Bitcoin for the future?
After the tremendous rise in the price of Ethereum in 2017, the question which is plaguing most of the investors is whether we should invest in Ethereum in the current year or whether we should invest in Bitcoin. You have to 1st and foremost look at the past performance of both as well as the application of both. Once you are able to look into that, you would be able to understand which one is a better option for investing.
Underlying application:
Even though the vendor who are accepting Bitcoins is increasing day by day but the underlying application of Ethereum is much stronger as it provides a platform for executing smart contracts which is being increasingly used by more and more companies all over the world.
On the other hand, when you’re speaking about Bitcoin it is being predominantly used as a currency. However, it is not able to replace any of the Fiat currencies in the off-line world. This is one of the main reasons why after the recent run-up, it is not worth investing in at present. The risk-reward ratio is currently in favor of the risk when it comes to investing in Bitcoins.
Media coverage:
When you compare both the cryptocurrencies on the basis of media coverage, you would realize that here, Bitcoin is much stronger as compared to Ethereum. This is one of the main reasons why Bitcoin readily is still attracting new investors. Moreover, you have to take into account the forks(Bitcoin Cash, Bitcoin Gold) which are coming in Bitcoin as well. They are generating additional value for the investors.
With the 1000% rise in Ethereum, Ethereum is also receiving good media hype. Owing to this very reason, it is no longer an unknown cryptocurrency.
Market cap:
You need to understand that Bitcoin is the highest value cryptocurrency by market cap. On the other hand, when you’re looking at Ethereum you would realize that it is the 2nd most valued. However, the gap between Bitcoin as well as Ethereum is pretty huge. Even if Ethereum were to stay the 2nd most valued cryptocurrency, still it has a huge room for appreciation. Moreover, as the underlying application is strong, you can be sure that volatility would be on the lower side.
SEE ALSO: Cryptocurrency Prices List Live Chart: Ethereum (ETH), Bitcoin (BTC), Ripple (XRP), Bitcoin Cash (BCH), Cardano (ADA), Litecoin (LTC), NEM (XEM) - Sat Apr 7
Owing to all of these reasons, you need to understand that if you’re looking for a relatively lesser volatile cryptocurrency, then Ethereum is one of the perfect options for you. You need to, however, ensure that when you are opting for Ethereum you have a longer-term horizon. Only when you’re having a long-term or reason, it would be easier for you to generate some profits.
How high can the price of Ethereum go?
Many cryptocurrency investors are actually confused about the true potential of Ethereum. While Bitcoin is primarily an investment asset or a cryptocurrency which is used for investment, Ethereum actually has its application. It provides decentralized processing power to software developers as well as companies. Moreover, it is a platform which is based on the smart contracts system which ensures that companies would be able to use the platform in order to easily transact as well. Moreover, when it comes to the transaction speed, that is relatively quick as well. This ensures that not only the underlying application is strong but the transaction-based mechanism is also pretty strong.
This brings us to the very important question regarding how high Ethereum can actually go.
If you just monitor the last 12 months, you would realize that Ethereum has increased in value by 1000%. This brings us to the very important question whether Ethereum can increase more.
How high can Ethereum go?
The enterprise Ethereum alliance already has plenty of Fortune 500 companies which are trying to develop proper applications from the platform as well as the decentralized solutions which Ethereum provides. Therefore, you can be sure that the usage of the platform would increase exponentially in the future. With so many different Fortune 500 companies in the fray, you can be sure that proper research would be done and the application would be developed as well. This would make it much easier for you to reap the benefits. As the applications are adopted by more and more companies and people, it would be easier for the investors to reap the dividends in the form of increasing Ethereum prices.
SEE ALSO: Ethereum Price Predictions 2018: Cryptocurrency's value could triple (How high can the price of Ethereum go in 2018?) - Ethereum news - Sat Apr 7
Some of the other reasons which can contribute to the rise in the price of Ethereum are:
High availability of Ethereum across many different exchanges
Media Hype
Actual application
Thus, as compared to some of the other cryptocurrencies, Ethereum is actually one of the best options to invest in. The primary reason for this being that it is an actual application and actual platform which can be used in the longer term. This is one of the main reasons why Ethereum can be invested in. However, you need to keep in mind that in the shorter term, it can be pretty volatile. Owing to this very reason, it is important to look at Ethereum as a longer-term asset rather than a shorter term asset.
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