Ethereum is fast emerging as a major cryptocurrency. In the past few days, it has consistently scaled new heights. Also, in 2017, it rose by about 3600%. This is one major reason why most investors consider Ethereum to be a long-term investment bet.
This brings us to a very good question what can be the future price of Ethereum. It is very important to understand that you have to look into the crypto’s usability as well as its application. When you look at Ethereum, you would see that it provides decentralized processing power as well as bandwidth. Due to this fact, Ethereum compared to other tokens is very different, because these other tokens are meant for investment alone. This also tells us that Ethereum’s value could rise in the future.
Ethereum (ETH) Price Today – BTC / USD
This 2018, it is predicted that Ethereum would reach around $ 2500, and by the end of 2019, should be somewhere around $ 14,000. Similarly, by the time 2020 comes to a close, we assume that Ethereum should be around $ 31,000.
Therefore, considering the type of returns people expect from Ethereum, you would see that the coin still has a long way to go.
There are reasons why Ethereum can appreciate greatly, some are: Increasing application uses, more companies will adopt decentralized cloud-based applications, and the use of smart contracts will increase. These reasons stated above also reveals why the coin is more widely used
You must keep in mind that when we talk of Ethereum, the increased usage of the platform leads to the appreciation of the token’s price. Due to this fact, you can be well assured that Ethereum in the future will rise as well.
Also, Ethereum is expected to be the second most valuable cryptocurrency by market cap. This is one good reason why it would consistently appreciate as well over the years.
So, whenever you intend to invest in any crypto, it would be great to consider Ethereum. Making Ethereum an option, you will realise it both has a strong application as well as a great potential to appreciate.