The world's second cryptocurrency, Ethereum has been through ups and downs so often that it's hard to make any certain statements about its price in both short and long terms. However, crypto experts never lack imagination – they come up with all kinds of realistic and utopian predictions that don't seem viable until they are actualized.
Wonder what famous crypto and IT experts think about Ethereum’s future? Here are ten forecasts to consider.
1. Bobby Ullery
Bobby Ullery, the CTO of Waysay, is sure that Ethereum and Bitcoin will share a $4.5 trillion market cap by the end of 2020. Isn't it too much? Today, no company in the world can boast even a $1 trillion market cap, and the cost of the entire gold supply in the world is about $7 trillion.
Ullery says that Ethereum’s price is quite hard to calculate due to the unknown ETH supply in the future and the impact of Proof of Stake.
However, if we operate by numbers, we get the following sum (considering there’s 100 mln ETH in circulation):
$1,137,500,000,000 divided by 100,000,000 = $11,375 per coin, ~+4,000% from today.
2. Roger Ver
The founder of Bitcoin.com, Roger Ver believes that Ethereum has enough potential to outperform BTC during the next two years. That means Ethereum might overcome the $1,000 threshold and retain its position depending on the number of circulating tokens. Bitcoin Cash might do the same by the start of 2020. What's the reason for that? Technological superiority continues driving Ethereum hype through the roof.
By the way, Olaf Carlson-Wee, the CEO of Polychain Capital, said the same thing in 2018: he was sure that ETH would pass BTC by market cap during the last year.
3. Nigel Green
Nigel Green, CEO of deVere Group and a famous crypto expert, predicted that Ethereum could reach $2,500 by the end of 2018 and reach even higher highs in 2019 and 2020. His forecast didn't actualize last year, but the arguments he offers are still convincing. He believes that Ethereum growth will be triggered by three things:
The decentralized nature of Ethereum is highly valued by developers and is widely used in cloud computing.
Increased use of smart contracts.
Ethereum is one of the major crypto coins used in trading: its enormous daily turnover is about to exceed Bitcoin's.
4. Marouane Garcon
Managing Director of Amulet Marouane Garcon stays realistic. According to his prediction, Ethereum can easily reach $1,000. This prediction is more than viable considering the upcoming release of Casper. The only thing that could decelerate Ether is possible complications in Casper’s implementation.
5. Alexis Ohanian
The Co-Founder of Reddit admits that although the Ether blockchain isn't devoid of drawbacks, it's still a great technology with enormous potential. Thus, it can climb to $1,500 by the end of this year.
6. Steven Nerayoff
Steven Nerayoff, the CEO & Founder of Alchemist, predicts that Ethereum should double or triple in price by the end of 2019. There are billions of dollars invested in the sphere, so this year, 10 times more projects can be implemented.
Any other forecasts?
Matias Dorta (founder of ICO Informer): $2,000+ by 2020.
Brandon Quittem (crypto analyst): $5,000 or 10x the current ETH price.
Brian Schuster (Head of Founder Solutions at Ark Capital LLC): $100,000 per one ETH during the upcoming years.
Joseph Raczynski (founder of JoeTechnologist.com): $1000 in 2019.
Crypto experts are convinced that Ethereum’s potential is underestimated – it will be introduced on thousands of platforms, which will attract trillions of dollars to the industry. Slowly but steadily, this utopia is coming true.
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.