The price of Ethereum will reach upto $15,000 till the end of year 2018 predicted by the co-founder of Reddit Alexis Ohanian. According to market cap its price will give profit into the trillions of dollars and will beat the bitcoin as the world’s largest crypto currency.
In year 2012 Ohanian co-founder a venture capital firm who has worked now all time at Initialized. He made this prediction about the rise in price of Ethereum in an interview with Fortune, he explained that this project will have long-term possibility other than currency existing crypto currencies. Ohanian says:
“I still hold a little bit of Bitcoin, and I think it has such mindshare that it will continue to be a store of value. I’m most bullish about Ethereum simply because people are actually building on it,” he said, predicting later that “At the end of the year, Bitcoin will be at $20,000. And Ethereum will be at $15,000. Great, now people can call me out if I’m wrong,” he added.
This prediction according to him will raise the price of Ethereum up to $1.5 trillion market cap from $67 billion in just seven months, on the other side bitcoin will recover back all the losses set till December, will bring its market cap approximately $340 billion.
Ohanian said that in his interview —- they had already invested in crypto currency industry in Coin base. Coin base has resolute to make the investments related to block chain and its particular efforts in 2018 and it made us believe the technology will be placed in the foundation for a “ new Internet”.
“Last year, it was all about AI and machine learning, this year, it’s all about block chain. Most of it is just hype and BS, just like how it was with AI and ML,” he said. “Most of the really vital, protocol-level, basic infrastructure around software and block chain will need to get built in the next year or two for us to really see the Web 3.0 we’re really hoping for.”
“These are the types of things I think will build the foundation for a very different, much better Internet,” he concluded. “I was a kid in the 90s without much leverage when the first Internet was being built, so I see this as a hell of an opportunity. We’re still figuring it out. We still don’t have a Netscape, but its coming.”