If you are looking for virtual currencies with good return, ETH can be a profitable investment option. Ethereum price is around $425 at 2017-11-30. If you buy Ethereum for 100 dollars today, you will get a total of 0.235 ETH. Based on our forecasts, a long-term increase is expected, the price prognosis for 2020-08-05 is 1626.117 US Dollars. With a 5-year investment, the revenue is expected to be around +281.93%. Your current $100 investment may be up to $381.93 in 2022.
The Ethereum price can go up from 425.764 USD to 876.156 USD in one year. The long-term earning potential is +105.78% in one year.
Billionaire Predicts 25% Surge In the Next Month
Ethereum raised at around $425 on 23rd of November, gaining more than 16% in a 24-hour period. Until then, the Ethereum price had for months hovered below its previous peak in June, when it had briefly surpassed $400 for the first time.
The surge came as the billionaire cryptocurrency investor Mike Novogratz, a former hedge fund manager on Wall Street, reversed his bearish prediction on Ethereum. In June, shortly after Ethereum first hit $400, Novogratz had sold much of the cryptocurrency he owned, saying “I think we may have put the highs in for the year in Ethereum, and you’re going to slowly consolidate.”
Novogratz’s call turned out to be prescient, and the Ethereum price did not revisit its earlier highs—that is, until this week, when the influential investor suddenly turned bullish again.
“Just in the last few days Ethereum has started to move, and I actually think it’s going to put a new high soon,” Novogratz said in an interview on Bloomberg TV Tuesday. It took less than 48 hours for the Ethereum price to prove Novogratz right again.
“I think we end the year at close to $500 in Ethereum”, he predicted
… adding that the Bitcoin price, which reached as high as $8,300 this week, would hit $10,000 before 2017 comes to a close. “There’s a lot of positive things happening in the Ethereum ecosystem,” added Novogratz, who has recently begun raising money for his new cryptocurrency-focused hedge fund.
The Ethereum price has already risen more than 50 times this year. To reach $500 before 2017 is out, Ethereum would need to rise another 25% from the $400 mark where it was trading early Thursday morning—all in a little more than a month. Reference :fortune.com
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NOTE: This article is not an investment advice. Any references to historical price movements or levels is informational and based on external analysis and we do not warranty that any such movements or levels are likely to reoccur in the future
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