deVere Group, an Independent financial consulting company providing wealth management and investment services speculated that Ethereum’s price could reach $25,000 by this year’s conclusion, according to MarketWatch on April 27.
Thanks to the growing adoption of digital currencies and usage of the smart contracts, based on Ethereum’s fourfold increase, this financing consultancy firm predicted that the second biggest cryptocurrency could leap a significant jump in price.
In a recent interview with MarketWatch, Nigel Green, deVere group’s CEO and founder expressed their feeling about Ethereum by saying it could reach $25,000 by the end of 2018 and leading to 2019 and in the following years, it will continue to grow.
According to him, the main 3 drivers to the up-rise for Ethereum’s price is straightforward with the first one being a massive increase in platforms that allow trading with Ethereum. The second one that he indicated too is the increased use of the smart contracts by the cryptocurrency. And finally, he pointed out that decentralization of cloud computing as the last fuel to ignite Ethereum’s price.
Nigel Green is not the only one who said something like this about a cryptocurrency. Earlier this month, Tom Lee, the co-founder of Fundstrat also said that he is optimistic about Bitcoin. He told CNBC that Bitcoin can easily reach $25,000 by this year. So the only thing that is left to see is who’s prediction becomes a reality in the first place.
I never saw $25,000 reported on Market Watch. The other day they were talking about $2,500 which is more realistic. Either way I would be happy. Bullish!
Only way this can happen is if bitcoin hits around $200,000 this year...which it probably won't
I expect ETH to have a great year this year, but I don't think we'll see $25k. My bet is closer to $5k, with $7500-10k possible if it mimics BTC's bullrun last year.
That said, I could very well be wrong. Either way ETH is a great hold in 2018.
$25,000 is not gonna happen within a year. Pump and dump hype that is all. I do have to say though that I'm a believer in the technology and through steady growth over time it may get there. Quite a few things need to be worked out for it to really take off like that though.
I agree, 25,000 is typical hype. They are just throwing extraordinary numbers out there to get headlines; nothing hurts them if they are wrong and if they, by some unreal occurrence, they are right they win anyway.
That might be true! I wonder how much Bitcoin will be if Ethereum will be 25,000 USD.
I think you added an extra zero on to your total. The increased market cap needed to drive the price that high is not coming in the next 7 or 8 months.