deVere Group, an Independent financial consulting company providing wealth management and investment services speculated that Ethereum’s price could reach $25,000 by this year’s conclusion, according to MarketWatch on April 27.
Thanks to the growing adoption of digital currencies and usage of the smart contracts, based on Ethereum’s fourfold increase, this financing consultancy firm predicted that the second biggest cryptocurrency could leap a significant jump in price.
In a recent interview with MarketWatch, Nigel Green, deVere group’s CEO and founder expressed their feeling about Ethereum by saying it could reach $25,000 by the end of 2018 and leading to 2019 and in the following years, it will continue to grow.
According to him, the main 3 drivers to the up-rise for Ethereum’s price is straightforward with the first one being a massive increase in platforms that allow trading with Ethereum. The second one that he indicated too is the increased use of the smart contracts by the cryptocurrency. And finally, he pointed out that decentralization of cloud computing as the last fuel to ignite Ethereum’s price.
Nigel Green is not the only one who said something like this about a cryptocurrency. Earlier this month, Tom Lee, the co-founder of Fundstrat also said that he is optimistic about Bitcoin. He told CNBC that Bitcoin can easily reach $25,000 by this year. So the only thing that is left to see is who’s prediction becomes a reality in the first place.
