Yes, it might reach $800, but it might not - how can anyone know this for sure? ;)
Personally, I think it could go much higher but only when proof of stake becomes closer, because the problem is that until then it has mining and high inflation which means it needs loads more people buying every week rather than selling just to support the current price.
In my case i have currently sold most of the ethereum I had, and don't plan to buy back until i see a clear 'bottom' formed on chart, which I expect to be lower than where it is now. But this is not advice - you will have to make your on mind up :)
Well, you really need to look at the chart and decide for yourself, e.g:
https://cryptowat.ch/gdax/ethusd
Yes, it might reach $800, but it might not - how can anyone know this for sure? ;)
Personally, I think it could go much higher but only when proof of stake becomes closer, because the problem is that until then it has mining and high inflation which means it needs loads more people buying every week rather than selling just to support the current price.
In my case i have currently sold most of the ethereum I had, and don't plan to buy back until i see a clear 'bottom' formed on chart, which I expect to be lower than where it is now. But this is not advice - you will have to make your on mind up :)