Reasons for Ethereum’s Growth

Posted on February 12th, 2018 by EM Search Consulting

If 2017 was dubbed the year of Bitcoin, 2018 is on track to be the year of Ethereum. It’s quickly breaking into the market of cryptocurrencies and many investors view it as a smart long-term investment. Even in the calendar year of 2017 alone, Ethereum grew by 3600 percent. While Ethereum still has a long way to go, these are positive signs for the future. We expect to see an increase in people buying Ethereum in Los Angeles in the near future.

It is predicted that Ethereum’s value will reach around $2,500 in 2018. By the end of 2019, it’s expected to reach a value of about $14,000. And by the end of the year 2020, Ethereum is expected will land somewhere around $31,000.

Why is Ethereum growing so steadily?

The cryptocurrency can appreciate a significant amount thanks to:

  • An increase in application uses
  • More and more companies adopting decentralized cloud-based applications
  • An increase usage of smart contracts

Because of these three things, Ethereum is being used more and more widely. The more the platform is used, the higher the price of each token. As of right now, it is predicted to grow into the second most valuable cryptocurrency according to the market cap. Although the market seems wildly unstable right now, keep in mind that Bitcoin went through similar price fluctuations and has since leveled out.

So, if you might buy Ethereum in Los Angeles, we don’t blame you. While there are still many improvements and evolutions to take place to improve it, Ethereum continues to prove itself as a solid Bitcoin competitor.

Source: Smartereum