Will Ethereum Price will reach to $400 to $600 at the end of this year?

in ethereum •  7 years ago 

Cryptocurrencies fluctuate so much no one knows what is going to happen next day in the market. Especially coins like Bitcoin and Ethereum . and the other reason is Crypto Markets Still Immature.We have seen Etherem Hits the $400 price in june price was going high as we can see in below graph.

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Then in July the price decreases and Ether price was below $200. The reason behind the down fall of Ethereum price was Post-ICO startups was cashing out to reduce risk,new investors was in with shorter timeframes and ether were stolen forcing the blockchain to implement a hard fork to undo the damage. now ethereum price is stable and it is going towards the $400 as you can see in the graph currently it is $330 but is this time Ether is going to be Stable in the market ? and when its Going to cross the $400 figure.

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I am hoping it grows to at-least 1000$

ETH price follows BTC price in most cases. It shouldn't be like that, but it is. And Bitcoin isn't in best shape right now, despite high price. Besides, ETH should go Proof-of-Stake somewhere in the future, which adds uncertainty. Still $400 isn't that far away, and interest in crypto is rising, so probably yes, it'll reach $400-$500 till end of this year. Unless something very bad will happen to BTC, and it's a real possibility atm.

If people continue buying Ethereum to get into ICOs that will blow, we might have a bubble above that, and then a beautiful correction https://steemit.com/money/@josepimpo/floyd-mayweather-pumps-another-ico-mayweathervsmcgregor

As almost all ICOs use Ethereum platform, the logical outcome for the market cap of Ethereum is to surpass Bitcoin.

yes you are right

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Maybe to much ether to got 500 or 1000 price.

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