First, what is Ethereum?
Ethereum, like Bitcoin, is an open source based on the "blockchain" technology. The main purpose of Bitcoin and Ethereum is, however, different.
The former should act as a virtual currency - you should be able to use bitcoins to pay for goods and services. The advantage is that the transactions do not need to be verified by a third party, which is usually the bank. This means lower transaction costs, as well as maintaining a certain form of anonymity (which may serve as a replacement for today's cash).
Ethereum is a decentralized application platform. Developers can use the platform to create their applications and take advantage of its benefits:
-Eliminates downtime since everything is stored "in the cloud"
-No third party to deal with
-High security
-Low costs
-Faster transactions
Now lets get down to why the price will be over 1000$. Here I'm going list some points which I think make it likely, however you never now (disclaimer I belive that the ethereum is in a major bubble which will go from 1000$ to 50$ when it pops and everybody understands the major scam which is happening
-ICOs, the scam of all scams, there are more and more scams coming up and one of them is EOS. EOS is going to and will get 1 billion dollar worth of ethereum, which is a no-brainer going to make a demand of no other.
-Right now all eyes are on ethereal and if it can get a higher market cap, its not a matter of if but now. At the same time bitcoin is going in to a uncertain summer which happily ends good with segwit and more.
-Support from major corperitasion will keep the price up and new companies like probably amazon going the ethereal alliance will create a bigger demand for ehteuereum
I got three points for you that support this
I think Ethereum will reach $1000 because of the ICO fundraisers constantly taking place on the Ethereum Blockchain. As time goes on and Ethereum develops out of its alpha stage, it will gain its value primarily from the deployment and use of Smart Contracts and Dapps on the Ethereum blockchain.
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totally agree with you
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