Ethereum is the second most popular cryptocurrency in the world. Nearly 2,000 projects have been built on their blockchain at the time of writing, with more popping up seemingly every day. Their global community is massive and wildly enthusiastic.
Yet, the price of ETH has taken a huge hit this year. It has plummeted nearly 90% from its all-time high of more than US$1,400 in January, hitting as low as $170 in September. This has caused a lot of alarm and panic among the Ethereum community.
However, even though we’ve suffered through a serious bear market this year, there are still many crypto experts and enthusiasts that are confident that the price of ETH will recover and rise in the medium to long term.
We have consolidated a wide range of ETH price predictions made by leading cryptocurrency authorities in one article to provide a better picture on what the future may hold for Ethereum.
Be sure to keep in mind that it is impossible to accurately predict the future, especially in the highly volatile world of crypto. Some of these predictions were made earlier in the year when ether’s price was much higher, as well. These predictions should not to be taken as financial advice.
With these caveats in mind, here are 10 Ethereum price predictions to shed some light on the potential future of the world’s #2 cryptocurrency.
Bobby Ullery, CTO of Waysay
I think Bitcoin and Ethereum will share a $4.5 trillion market cap by 2020.
[Ether] is a little harder to calculate due to the somewhat unknown supply of Ether in the future, how Proof-of-Stake might change new Ether issuance, and the impact that the Ice Age will have on time between new ETH issuance.
The original 2014 issuance model, stated a projection of ~162 million ETH in circulation in 2020, however Vitalik has said it would be closer to 100 million, so for our rough math we’ll use 100 million ETH.
$1,137,500,000,000 divided by 100,000,000 = $11,375 per coin, ~+4,000% from today.
Roger Ver, CEO of Bitcoin.com
I see it happening, and I believe it’s imminent. Ethereum could overtake Bitcoin by the end of the year and Bitcoin Cash could do the same before 2020.
Nigel Green, CEO of deVere Group
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.
This general upswing will be fueled by 3 main drivers. First, more and more platforms are using Ethereum as a means of trading. Second, the increased use of smart contracts by Ethereum. And third, the decentralization of cloud computing.
Marouane Garcon, Managing Director of Amulet
[Ethereum has] several developments coming up including Casper, which I expect will send the price propelling towards $1,000.
Right now is a great time to accumulate to get ready for Casper.
The only reason I say to be cautious is because the rollout of Casper may stumble out the gate due to it being such a major development to deploy.
Alexis Ohanian, Co-Founder of Reddit
I’m most bullish about Ethereum simply because people are actually building on it. It’s still early days, but you know, we’ve got a few CryptoKitties.
It’s easy to laugh at, but I think the first version of so many things looks like a toy and often has something to do with cats. It’s because the Internet loves cats.
At the end of the year, Ethereum will be at $1,500. Great, now people can call me out if I’m wrong.
Steven Nerayoff, CEO & Founder of Alchemist
What you’re seeing with Ethereum is exponential increase in the number of projects — there are billions of dollars being poured into the ecosystem right now — maybe 10 times more projects this year than last year, which could easily lead to a doubling, probably a tripling in price by the end of the year.
Lower transactional costs are increasing usage of the entire network, and that’s increasing the network effects of it. There are more users, more projects being built on there and more programmers.
Olaf Carlson-Wee, CEO of Polychain Capital
[Last time…] I said Ethereum would pass Bitcoin by the end of 2018. I would actually hold to that right now… I would.
It’s because of the more advanced capabilities of the protocol, so the types of things we’re seeing built on Ethereum are almost a bit sci-fi. It’s beyond anything that you would reasonably think was possible.
Brian Schuster, Head of Founder Solutions at Ark Capital LLC
What if you believe that Ethereum is less like one individual business and more like a store of value, like gold?
This gives us a potential market capitalization of roughly $10 trillion, leading us to believe that the price of Ethereum might rise as high as $100,000 per coin.
We might even go one step further and say that Ethereum is not like one asset, but an asset to replace all currency that exists.
In that case, the market capitalization would have the potential of reaching $100 trillion, leading us to believe the price of Ethereum might rise as high as $1,000,000 per coin.
People tend to take price predictions as gospel and make poor decisions based on even the most tempered recommendations.
A big topic of cryptocurrency speculation at present is the future of Ethereum (ETH).
Will Ether ever reach $10,000? My answer is simple: I don’t know, and I’m not going to tell you that it will.
Matias Dorta, Founder of ICO Informer
My prediction for Ethereum is $2,000++ by 2020.
Craig Russo, Co-founder of sludgefeed.com
Your guess is as good as mine. My prediction for Ethereum is $2,000 to $3,000 by 2020.
Brandon Quittem, Cryptocurrency Analyst & Writer
My 2020 Ethereum estimate is $5,000, roughly 10x of today’s price.
What do you think about the future of Ethereum and its price? Let us know in the comments below!