What are the Ethereum price predictions for 2018?

When I first wrote this Ethereum prediction for 2018 my colleagues reading this article considered myself crazy, now Ethereum price should reach $2,000 in the next three months. If you ask me, the price of a single Ethereum can go even up to $5,000 by the end of 2018. Ethereum was $10 in January 2017 and now is around $734, do you think thats far from $5,000?

Keep in mind, to reach $2,000 it should have a market cap of 200 billions. It can go even in a single day to $2,000. Thats my prediction.

According to the website Investing Haven, the price of an Ether should reach $1000, if not by 2018 then at least by 2020. That was a very conservative Ethereum price prediction for 2018 in my opinion, considering their currency’s fluctuation. The site’s research team bases their forecast on three fundamental factors:

a. The current and future supply of Ethers

There are currently 96 million coins of Ether in circulation. Although this number is likely to increase over the next couple of years, it will probably flatline after that. Which means that the developers in charge of Ethereum will make sure that the number of circulating coins stays constant.

b. Ether applications

The edge Ether has over Bitcoin is the ability to use smart contracts. These are contracts that are automatically executed without any human intervention the instant their terms are met.

However, Ethereum also permits developers to build decentralized apps, also known as dapps, on top of its blockchain technology. Interestingly, the more apps are built, the more valuable the Ether becomes.

The research team at Investing Haven expects that 5 to 7 years from now, we will see a 20 to 30-fold increase in the number of decentralized blockchain apps from the numbers we have today.

c. Ether demand

Demand for Ether will be driven by one of two things. Either for its functionality as a currency that is built on a blockchain with several applications. Or as a possible investment vehicle that keeps appreciating in value.

When it comes to the functionality of Ether, the technology behind smart contracts is what interests people most. However, as we just saw, the building of new applications on top of the Ethereum blockchain will also drive up demand.

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