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 is important that you should remember, Ethereum is not only a coin it is also a technology ICO’s are using Ethereum based Blockchain technology. This is also something else why Ethereum will be long lasting.
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.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.
How high can the price of Ethereum go:
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. when it comes to the transaction speed, that is relatively quick as well.
Some of the other reasons which can contribute to the rise in the price of Ethereum are:
1.High availability of Ethereum across many different exchanges
2.Media Hype
3.Actual application
Leave your comments, I would love to hear your opinion on this topic!