As reported by MarketWatch, an independent consulting company in the field of Finance deVere Group, which provides services for investment and wealth management, predicts that the price of Ethereum (ETH) can reach $ 2500 by year-end.
The consulting firm said that the second largest cryptocurrency may significantly rise in price due to the growing adoption of digital currencies and smart contracts. Nigel green, founder and CEO of DeVere Group, said in an interview with MarketWatch:
We expect that this year the price of Ethereum will increase significantly and may reach $ 2,500 by the end of 2018, growth will continue in 2019 and 2020. There are three main reasons for such growth rates. First, more and more platforms use Ethereum to trade. Second, the increased use of smart contracts on the Ethereum database. And third, the decentralization of cloud computing.
Green also said that regulation of the cryptocurrency market is only a matter of time. According to green, this will lead to more confidence in the market and the protection of investors. Last week the price of Ethereum is around $ 650.
Recall that in December last year, the green correctly predicted the price movement and correction period:
We expect that the price of bitcoin in the coming weeks will undergo a significant adjustment.
Earlier this month, co-founder of Fundstrat Tom Lee, famous for his optimistic predictions about bitcoin, please confirm your last forecast, and said that the price of bitcoin by the end of the year will reach 25,000 dollars.