DeVere Group Says Ethereum Could Reach $2,500 in 2018
May 3, 2018
An independent international financial consulting company deVere Group, that offers investment and capital management services, gave a forecast, that the price of Ethereum (ETH) could reach $2,500 by the end of the year.
The company said that the second largest cryptocurrency could significantly grow and predicted, that the price of 1 ETH could rise fourfold, as the level of adoption of the cryptocurrency is increasing, as well as the use of Ethereum smart contracts.
CEO of deVere Group Nigel Green wrote in an email to MarketWatch:
"The price of Ethereum is predicted to increase significantly this year, and could hit $2,500 by the end of 2018 with a further increase by 2019 and 2020 [...] This general upswing will be fueled by three mains drivers. First, more and more platforms are using Ethereum as a means of trading. Second, the increased use of smart contracts by Ethereum. And third, the decentralization of cloud computing."
Green also claimed, that the global regulation of the cryptocurrency market is inevitable. He believes that this is not a bad thing, as it will lead to the grow of confidence and the level of protection of investors.
However, the forecast of Green is not as bold as the forecast of Reddit cofounder Alexis Ohanian. He told Fortune, that Ethereum will hit $15,000 in 2018.