Market prediction for Ethereum price 2018
With the market being so volatile and the sudden downfall of ether, predicting the price of the cryptocurrencies is not an easy task.
Let’s consider the eminent publications and personalities, and their statement regarding the Ethereum (ETH) price prediction, which will give us a fairer idea:
#1 Bloomberg
Initial Coin Offering using the Ethereum blockchain are seeing as one of the main catalysts for sending Ether's price surge last year. Now they are being blamed for its decline. With the cryptocurrency market capitalization dropping to about $200 billion from a high of over $800 billion in January this year, on concern about tightening regulation and slow adoption.
#2 Andrew Keys - Co-founder, ConsenSys Capital
The price of ether will exceed $2,000 in 2018. Ether will continue to outperform bitcoin, and the total market cap of ether will exceed that of Bitcoin in 2018. Bitcoin’s governance issues, reluctance to evolve, and extremely high fees could lead it to its demise.
#3 deVere Group
The deVere group, one of the leading International Financial consulting firms predicted that Ethereum would reach $2500 by the end of this year.
#4 Investing Haven
According to the website, Investing Haven, the price of Ether will reach $1000, if not by 2018, then definitely by 2020. That was a very conservative price prediction.
#5 Olaf Carlson-Wee
The CEO of hedge fund Polychain Capital, Olaf Carlson-Wee, is of the opinion that the entire market capitalization of Ethereum will exceed that of Bitcoin by the end of this year.
#6 Finder
According to the forecast by Finder, Ethereum goes ahead with a 112% increase by the end of this year
What do you think guys?