The past couple of years has led people to witness a meteoric rise in the value of cryptrocurrencies like Bitcoin and Ethereum. Even though these cryptocurrencies were present in the market way before that, the last year actually made people to sit up and take notice of these cryptocurrencies.
It is difficult for any expert for ethereum prediction. This is because there is no regulatory body in place to monitor the currency fluctuations of Ether. Hence the price is highly volatile. In fact cryptocurrencies like Ethereum could lose or gain as much as 25% of its value in a single day and it could regain back double its value just the next day.
Some analysts are of the opinion that the price of a single Ethereum can reach as high as $5000 by the end of 2018.Some conservationists are of the opinion that the price of Ethereum could reach $1000 by the end of 2020.Nobody is exactly sure about it owing to the currency fluctuations. Currently there are 96 million coins of Ether in circulation. This number is likely to increase which could result in better circulation of the cryptocurrency in 2018.
Ether has the ability to use smart contracts which Bitcoin does not have. These contracts can be executed without possible human intervention. Another factor that can fuel the demand for Ethereum in 2018 is the ability to build decentralized apps on this platform. They are built on top of its Blockchain technology. Ether becomes more valuable if the number of apps built over it increases. Many analysts are predicting that there will be a multifold increase in the number of apps in the coming year. This could increase the demand for Ethereum in 2018.
According to some experts, the price and the demand for Ether will increase way beyond that of Bitcoin in the coming months making it the top cryptocurrency. This means that a d0ollar that is invested in Ether will provide more return than if the same amount is invested in Bitcoin. Olaf- Carlson Wee the CEO of Polychain Capital, a hedge fund is of the opinion that the entire market capitalization of Ethereum will increase that of Bitcoin by the end of 2018.The Enterprise Ethereum Alliance currently comprises of more than 86 firms including bigwigs like Microsoft and JP Morgan. This shows that the technology is here to stay and has a great potential to achieve new heights in 2018.