Why Ethereum Has the Potential to Reach $10,000 in the Foreseeable Future
By: John Iadeluca
Tags: Blockchain, Bitcoin, Ethereum, Cryptocurrency, Sentiment

We’ve seen the power of the blockchain and we’ve seen the power it has to persuade investors. Bitcoin and Ether prices have soared this past year, and that’s just a taste of what Blockchain has been able to accomplish as of recently. Bitcoin has shown extreme promise in various fields. We can see that the future of digital payments can definitely be created with Bitcoin and cryptocurrency and general, however, Ether holds extreme value in the potential it has to revolutionize the investment world. Ethereum has also been quietly racking up its arsenal in its ability to revolutionize the financial industry, and we’re only recently now starting to see its potential. Therefore, as a whole, there is a strong possibility that Ethereum can truly reach the $10,000 price point within the foreseeable future.

the Ethereum platform really allows for startups and newer companies to allow for investors which will become a “10 Billion Dollar industry”, according to Andreas Antonopolous the famed crypto supporter.

Participating in ICOs in today’s world are generally supported primarily by using an Ether-associated wallet. These wallets allow for startups or new developers without licenses to allow investors to theoretically invest in their companies and receive their created tokens as forms of digital “dividends”. The idea is genius, and since Bitcoin has some restrictions when it comes to creating these payments, Ether has become the primary source for these ICOs as of November 2017. The market for ICOs has started to blow up as of recently, and although China seemingly banned ICOs, it seems its popularity has only grown since then. In conclusion, the Ethereum platform really allows for startups and newer companies to allow for investors which will become a “10 Billion Dollar industry”, according to Andreas Antonopolous the famed crypto supporter. These investment opportunities have potential to grow Ether to unprecedented amounts.

Photo by Zerohedge

Additionally, Ether can reach $10,000 because of its efforts to adapt cryptocurrency and blockchain technology to modern society. Ethereum has a team dedicated to its adoption and public integration which is really what can help to drive its integration, and therefore its price. Take for example the Ethereum team’s efforts at creating a decentralized social media platform. Imagine a platform that rewards you for participating in social media? That’s a million dollar industry — one that Ethereum is currently working on, according to Vitalin Buterik. Ether platforms are also pushing the boundaries in terms of utilizing computing power to mine cryptocurrencies without interfering with your computer usage. With the idea of how the passive income market has grown tenfold since 2008, imagine how something like this technology would affect Ether price.

Photo by Wikimedia

Ether has more tweaks and knobs to it than Bitcoin; so why shouldn’t it reach Bitcoin attained prices? The Ether market continues to grow exponentially each quarter and has no signs of slowing down. Don’t take my word for it though. Take for example Ethereum platform’s new roadmap to achieve their widely acclaimed “Proof of Stake (PoS)”, the algorithm that keeps Ether’s network in sync:

Conclusively, Ethereum has more tools and abilities than most cryptocurrencies for programmers to implement it into their creations. The new generation of programmers are going to need easy access for platforms like Ethereum, as they can’t go through waves of verifications just to implement a payment system. Most country regulations make this process very difficult for startups or new developers. Ether allows this to be completed effortlessly. With this in mind, the value of Ether has potential to reach milestones we may have never thought possible.