world's number one Tech Giants company Apple co-founder Steve Wozniak says that Ethereum Could Be the Next Apple. and CEO of hedge fund Polychain Capital, Olaf Carlson-Wee, believe Ethereum Will Surpass Bitcoin.
we already know that blockchain technology is so powerful and blockchain first platform Ethereum (blockchain 2.0) potential doesn't hide for anyone. In this reason in this reason Steve Wozniak interested on ethereum. he said, adding that it could prove to be as influential as Apple over the long-term.
Ethereum price prediction is not easy task. but when we compare ethereum valuation ethereum valuation and Apple there is no competition on current time when we are writing this post June 2018.
Just like Steve Wozniak, Olaf Carlson-Wee thinking is also similar. he also believes the ethereum much more potential than Bitcoin, because of the use cases of the ethereum is more, compared than Bitcoin.
cryptocurrencies have garnered the attention of every investor, because cryptocurrency has given hundreds of time Returns, for the early investor. Ethereum is the most promising cryptocurrency. But there was a lot of volatility in the last five months with Ethereum going to as low as $450 and back to $670, and even at $1,397 on 14 January 2018 and now at $500.
if you asking the question how high can the price of ethereum go?
so my answer is very simple that much time you have given.
Ethereum will set the new benchmark around $2,500 by end of the year 2018. BUT WHY? how it is possible
There are we discuss the man important things happening in ethereum. and this will clear you to understand the risk of buying ethereum, and how will ethereum price effect in future.
- Maximum supply of Ethereum
All the investor and the community of ethereum worried about only one thing is that no cap of maximum supply of ethereum. but there a limitation of generating coin around 18 million per year. There is currently 100 million Ethereum coin in circulation.
Ethereum developer and creator Vitalik Buterin creator has written a proposal, in which he suggests capping the supply of ether (ETH).
In an Ethereum Improvement Proposal (EIP) on April 1st, Buterin wrote:
"In order to ensure the economic sustainability of the platform under the widest possible variety of circumstances, and in light of the fact that issuing new coins to proof of work miners is no longer an effective way of promoting an egalitarian coin distribution or any other significant policy goal, I propose that we agree on a hard cap for the total quantity of ETH.
I recommend setting MAX_SUPPLY = 120,204,432, or exactly 2x the amount of ETH sold in the original ether sale."
Cryptocurrency market rule is simple less supply than more value, more supply less value.the cap on supply or less supply will help the ethereum price pump.
- Ethereum Decentralized Application (DAPP)
Ethereum is not only depending on is own development but it also depends on other the DAPP development. when more successful project come with ethereum blockchain ethereum, price will skyrocket.
Why is DAPP so important for ethereum price speculation?
Bitcoin Blockchain is blockchain 1.0. Ethereum is one step forward blockchain 2.0. It is like your Android app version update previous version than newer version getting more features. This type of the same methodology working blockchain Technology. Blockchain 2.0 support smart contract. The smart contract basically the building application to using ethereum blockchain it called decentralized application (DAPP).
Currently, all the new Decentralized applications or crypto tokens come with ethereum blockchain. This is the main reason ethereum is so powerful. when more crypto token comes with ethereum platform when it will automatically huge by day by day.
Ethereum currently looking like 5-6 year ago Android or IOS platform. Ethereum (ERC) is basically a decentralized template to create your own decentralized application.
- Ethereum proof of stake
Ethereum price depends on future their protocol changes. because ethereum currently working on a proof of work algorithm and if they move proof of stake algorithm, the price will 100% skyrocket.
When The proof of stack algorithm is applied then. 10M ETH or 10% of the current total supply of Ethereum. Given the time-locked nature of staking and the demand to the stake, these tokens
will effectively be permanently removed from circulation supply.
Ethereum Or any economy value depends on supply and demand. So it is very simple when supply is less than time value will be high. Ethereum will cross $2,500 by end of this year 2018. Target is not huge when proof of algorithm is applied on ethereum blockchain.
Conclusion:-
There is no debate about ethereum ability and making the world internet to decentralized internet (web 3.0). Steve Wozniak compare Apple to ethereum this thing clear that what is the ethereum.Ethereum Decentralized Applications power, the Maximum supply of ethereum and Ethereum proof of stake.It will clearly an indication of ethereum huge price pump.
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Ethereum Price Prediction 2018 – ETH May go 3X Despite the Recent Decline –
https://coinswitch.co/news/ethereum-price-prediction-2018-eth-price-may-touch-1221-usd-in-2018-updated-09-15-2018