Will Ethereum Rise By The End Of The Summer?

Ethereum’s demand in the past year was booming because of its platform and smart contracts.

Because of this Ethereum’s price is expected to rise. Its platform has a huge potential in the real world commerce. It is predicted that Ethereum will provide interbank transactions, smart contracts connecting to the internet of things. The price of Ethereum was significantly high in the past year but it shows signs of increasing maybe ten times more in the long-term.

Ethereum has a great team and they are true visionaries. They make smart partnerships with Microsoft for example and also hundreds of other developers working on applications for the Ethereum blockchain that will also influence the growth in price

Last December we saw the price standing at $720which means Ethereum achieved a huge 3000 percent increase in only one year, a stunning 180 percent in December only. This can lead to Ethereum reaching the$3000 mark but this is just a speculation. This is only possible because of the range of projects that are running on Ethereum’s blockchain and the solutions they offer. But there is no guarantee how much will Ethereum grow this year. There are a lot of factors to be taken into consideration.
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Ethereum offers some great benefits that other cryptocurrencies do not have but that doesn’t mean that it is risk-free. Although 2017 has been a great year for Ethereum, that doesn’t mean that it was a smooth, problem-free year. For example, in June, Ethereum was worth $360 but in July it dropped to $180 and that is nearly a 50 percent decrease in price! Then again in September, it was worth $377 but by the end of September, it dropped to more than 24 percent. However, Ethereum should continue to rise in this year as well mainly because its blockchain apps are becoming extremely popular.