Although Ethereum only went live on July 30th 2015, it is showing a lot of promise for investors. Last year alone, Ethereum had a 5,000% price increase. According to Dan Mueller, ETF Investor, “The reason gains like this are completely feasible for Ethereum, was it makes fundamentally different than any other technology.
It allows you to invest in the infrastructure of something that looks to revolutionize how finance, the internet, and business is conducted.” One month after the release, Ethereum was sold between one and three dollars and remained at about one dollar through the end of the year, but this did not last long. Only 6 months later, in June 2016, this price was already at 18 dollars.
Although it did crash down to $11 per coin on June 16th, 2016, this did not last too long, and by March 2017, the price was back to the previous 18 dollars. In only one year, the price quickly rose up to $350 a coin in June 2017. As of 2:10 pm, June 6, 2018, the current Ethereum price is $604.53.
Regardless if Ethereum surpasses Bitcoin or not, the price of Ethereum will continue to rise. The co-creator of Ethereum, Steven Nerayoff, says “You’re seeing a tremendous amount of growth across a wide variety of industries. Fintech is actually the natural area, but now you’re seeing it becoming increasingly more creative- you find projects in the oil and gas industry, you’re finding government using it in their applications, you’re seeing it in gaming, all kinds of different areas.” Ethereum continues to rise rapidly, especially in the last few days.
It is estimated that by the end of 2018, Ethereum will be at the value of $2500. That is only the beginning though, because by the end of 2019, it is estimated to be approximately around $14,000. Furthermore, by December 2020, it is expected for Ethereum to be valued around $31,000. Ethereum is still at a very low value, and investment opportunities are extremely high. If a person invests now, at approximately only $604.53 a coin, the profit will be huge, especially if the person does not sell too quickly in the near future. Investing in Ethereum is one way to make significant profit with very little work.
Works cited
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DISCLAIMER: You can blame me if Ether does not reach $31,000 dollars and you are welcome to sue me.
Ethereum will reach $31000 , no doubt!