Ethereum is making gains. The world’s second-largest cryptocurrency jumped 1.45 percent on Monday, reaching a market cap of $70.7 billion and a price per coin of $710.94. That’s a far cry from its all-time high on January 10, where it reached $1,417.38, but experts predict the cryptocurrency making big jumps over the coming year.
Here are the five predictions you need to know about:
The price of the Ether token could surge past its all-time high over the next few months, according to the head of a financial consulting firm.
“The price of Ethereum is predicted to increase significantly this year, and could hit $2,500 by the end of 2018 with a further increase by 2019 and 2020,” Nigel Green, founder and CEO of deVere Group, told MarketWatch in a story published on April 27.
This boost will come from three drivers: more platforms using Ethereum to trade, the decentralization of cloud computing where Ethereum can play a big role, and the increased use of the cryptocurrency’s smart contracts.
Ethereum could move past Bitcoin this year, according to Roger Ver. In an interview with The Independent last week, the investor said that the change is “imminent,” followed by Bitcoin Cash overtaking Bitcoin by 2020.
Ver told Hard Fork in an interview shared on February 25 that a “flippening” is “more likely than not…Ethereum only has to double in price one more time in order to surpass Bitcoin’s market cap.”
In fact, Ver went as far as to say the only people who will be surprised by this change are “the Bitcoin Core supporters” that have “convinced themselves that good is bad, up is down,” and are “living in nonsense land.” Ver highlighted high transaction fees and delays as downsides to Bitcoin.
Reddit co-founder Alexis Ohanian gave a rather more conservative prediction to Fortune, predicting a rise of around $100 part its all-time high.
“At the end of the year, Bitcoin will be at $20,000. And Ethereum will be at $15,000,” he told the publication, later noting that he misspoke…