Independent financial consulting-company deVere Group, that offers investment and wealth management services, has predicted that the purchase price of Ethereum Could Reach $2,500 at the end of the calendar year, MarketWatch reported April 27.
Ethereum Could Reach $2,500 By The End Of 2018 – Reports
The consultancy firm stated that a significant rise could be seen by the cryptocurrency, predicting its growth thanks to growing adoption of the money as well as the utilization of contracts.
Green also said that the addition of market regulation is a question of time. Based on Green, this will lead to more confidence from the market and investor protection. At this time, Ethereum is trading in $653.66, with a current market cap of $64.7 bln.
Following the record-breaking rally of Bit-coin last December, Green forecast that “we have to expect to see Bitcoin See sawing in coming weeks. Sharp motions are likely, followed by subsequent corrections”
Earlier this season, Fundstrat co-founder Tom Lee, famous for his Bitcoin predictions, echoed his predictions for the cryptocurrency price that was top, telling CNBC that it could reach $ 25,000 at the end of the year.