How and When Ethereum can reach $1000?!
The price of Etherium is very stable lately, stuck at around 300$. Seeing Bitcoin which had a magnificent increase last months (up to 7000$), the common question of many Ethereum miners and traders is what should be done to make Ethereum more valuable than it is?!
The first thing that needs to be checked is the market capitalization, which these days ETH Market Cap is at $29Bln, and a grow by 38.3% (to $47Bln) would immediately influence the price.
Currently, the Ethereum network is limited to around 20 transactions per second. This is twice as much as Bitcoin can handle. If we are looking at a future where Ethereum could be used as a daily form of payment, this isn’t enough. The Raiden Network is aiming to solve this problem. Its developers are building an off-chain solution for Ethereum payments which scales linearly with the number of participants. The future network is supposed to handle over 1,000,000 transactions per second.
So far there are around 70 active cryptocurrency exchanges. In order to see Ether higher, more people need to join and start using it as a form of payment, and more vendors need to start accepting it. “All eyes at Amazon” – the news on how Amazon registered three new cryptocurrency domains is a sparking speculation that the e-commerce giant could be preparing a move into the cryptocurrency space, and that would give a huge impact to actual price.
ICOs become preferred method of funding. ICOs have proven to be an extremely efficient method of funding, enabling hundreds of startups to raise enough money to start operations. Most startups that hold an ICO, issue Ethereum-based tokens. Despite this, most ICOs still issue tokens that would be declared illegal by most authorities. Once this gray area is solved, Ether will likely see a lot of new money flowing in, and more investors getting involved in token sales.
Finally, ETH is a promising crypt, the community is growing and insights from many well known traders and analysis shows an increasing trend of value is very possible.