There’ve been many Ethereum Price Predictions before; however, according to the co-creator of Ethereum, Steven Nerayoff, the growing interest in cryptocurrency will increase the value of Ethereum and the cryptocurrency can triple this year.
Steven Nerayoff said:
“You’re seeing a tremendous amount of growth across a wide variety of industries. Fintech is actually the natural area, but now you’re seeing it becoming increasingly more creative — you find projects in the oil and gas industry, you’re finding government using it in their applications, you’re seeing it in gaming, all kinds of different areas.”
Ethereum Price Prediction
In the past few days, Ethereum has moved up to new heights consistently and is emerging as a major cryptocurrency. Likewise, as compared to 2017, it has increased by almost 3600% and that’s why the majority of the investors are considering Ethereum as a long-term investment.
At this same time, an important question arises related to the future price of Ethereum. Ethereum is quite different from tokens that are only for investment, which means that the Ethereum’s value would upsurge in the upcoming time. It’s expected that by the end of 2019, Ethereum’s value would be almost $ 14,000. Likewise, it is expected that Ethereum would hit $31,000 by the end of the year 2020.
When it comes to Ethereum, keep one thing in mind that if more platforms are used, the price of the token will also get higher. Following this reason, you can ensure that the value of Ethereum would also upsurge in the future. According to the market cap, it’s also expected that Ethereum is going to become the second most valuable cryptocurrency. So, whenever you want to invest in a cryptocurrency, the perfect idea would be to go for Ethereum.
Views of Balaji Srinivasan
Majority of the people who are hopeful about cryptocurrency apparently agree that the leading cryptocurrency Bitcoin and its newer competitive Ethereum are here to stay. According to the CEO of Earn.com, Balaji Srinivasan:
“In terms of 5 to 10 years, Bitcoin and Ether will be around I bet.”
According to the CEO and co-founder of Blockchain, Peter Smith, his company, was primary to Bitcoin, as it only started to warm up to newcomer Ethereum.
Views of Kathleen Breitman
There’s no doubt that Bitcoin and Ethereum have stolen the show at this time, but the innovation will not end there. Kathleen Breitman, who is the co-founder of Tezos is optimistic that her own blockchain bet is going to fill a place that solves problems with existing blockchains. Particularly, she is designing Tezos to automatically push the updates of software out to the network, which means evading the disruptive feuding over upgrades that afflicted systems like Bitcoin for the past few years.
For the moment, token sales appear to be a great way of raising a hefty amount of money real-quick. Peter Smith believes that the manipulation of market and insider dealing is extensive amid purveyors of ICOs.
“We’re cautious about it in the short term – But you have to temper that with the idea that every new technology is going to be like that in the beginning.”
CEO of Ripple, Brad Garlinghouse also said:
“Heavily regulated markets are typically heavily regulated for a reason – Frauds are happening, people are going to jail.”
Elena Kvochko is a chief information officer of the security division at Barclays. According to Kvochko, her bank had a talk with watchdogs about blockchains, Bitcoin, and their ilk. In the meantime, as the governments settle down on sets of instructions of the road, countries like Singapore, Estonia and Switzerland are shoving to advance frameworks that simply accommodate the innovative technology. According to Smith, they’re looking for displacing geographic officials and becoming hubs for developing business financing.
“If you’re a U.S. person or business, you have a good deal to be concerned about.”
The prices of cryptocurrency fluctuate way too much, but there’s still a reason to believe that the markets are going to become more stable. On the other hand, Srinivasan introduced another possible scenario. Referring to a fundamental-reality in which everybody is disheveled in the future, Srinivasan said :
“All your waking hours are spent in the Matrix.”