An Ethereum Price Forecast For 2018

The price of cryptocurrency Ethereum te 2018 is going through the roof, similar to the price of Bitcoin and several other cryptocurrencies. Our Ethereum price forecast for 2018 and zometeen is very bullish.

Interestingly, there are no Ethereum price forecasts available on the web. So wij are among the very first ones to forecast the Ethereum price for 2018 and straks. There is even no Ethereum price forecast on the official Ethereum webpagina ethereum.org.

Ethereum price ter 2018

The price of Ethereum is not moving &lsquo,accidentally&rsquo, higher. There are several coins te cryptocurrencies universe, not all however, that are moving strongly higher. That is indeed a result of supply/request dynamics. And here is the fattest news: this trend only got began. Are wij telling that a bubble could develop overheen time? Yes that&rsquo,s what wij are telling, but not anytime soon yet.

The total market cap of all cryptocurrencies combined has surpassed $60B meantime. To waterput that figure into perspective: Tesla&rsquo,s market cap is $50B, Boeing Airlines $100B, Coca Cola $180B (rounded figures for April / May 2018).

Te other words, cryptocurrencies are being bought and sold te this world, transactions take place, so they are on their way to become mainstream. Look how trading volume has exploded, see below chart, at the bottom of the chart.

There is nowhere any level of mainstream acceptance yet. Most people even have not heard of cryptocurrencies. So the above chart is about to become much &lsquo,worse&rsquo,.

The price of Ethereum te 2018 has literally exploded. Rightfully so, because its usage has exploded spil well, spil wij will showcase te the charts te this article.

Note that readers can consultatie the latest Ethereum price te several &lsquo,traditional&rsquo, currencies. Also, readers interested te Ethereum price news can consultatie the news section Coindesk.

At this uur te time, Ethereum&rsquo,s price is trading around $125. So one Ethereum, one &lsquo,coin&rsquo, of the cryptocurrency Ethereum, is worth $125. Te latest weeks, the price of Ethereum has gone up fivefold.

An Ethereum price forecast for 2018

Our Ethereum price forecast is based on usage of Ethereum. Albeit it is very hard to know the volume that Ethereum projects consume, mostly because those figures are not available and many of those applications are private te nature, wij can look into the usage charts to derive an idea.

Given the premature state of Ethereum, there is already a strong growth te transactions (2nd chart) and addresses (1st chart).

It is hard to forecast how thesis gegevens points will develop, but the high level trend is what is of primary rente to us.

Given the enormous untapped potential of Ethereum, and the strong adoption among respected top banks across the globe, wij believe this trend acceleration only got began.

Because of that, wij forecast that Ethereum&rsquo,s usage will go up fivefold this year.

Given those gegevens points, our best case price forecast for Ethereum ter 2018 is $550, which is a fivefold increase against the price of this wee

Original source: The article An Ethereum Price Forecast For 2018 originally appeared on InvestingHaven.com

The team has +15 years of practice ter global markets. Their methodology is unique and effective, yet effortless to understand, it is based on chart analysis combined with intermarket / fundamental / sentiment analysis. The work of the team appeared on major financial outlets like FinancialSense, SeekingAlpha, MarketWatch, .

Copyright ©, 2018 Investing Toevluchthaven – All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended spil investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but wij cannot accept responsibility for any losses you may incur spil a result of this analysis. Individuals should consultatie with their private financial advisors.

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