It is just a month left to 2018, and it is already possible to predict the near future regarding the price of Ethereum . It is based on the data analysis from the last two years. Many people have already managed to buy cryptocurrency at the beginning of 2017 when it cost $10. The less fortunate spent $300 for 1 ETH. But they both will benefit, judging by growth dynamics.
Is it just a pump?
There are "expert beginners" on the Internet who don't understand the essence and confidently make statements that this is just a pump. Usually, we call it a Pump exchange phenomenon, when the rate rises sharply and also falls sharply. Of course, by looking at the situation with Ethereum we can see a rapid rate growth, but this is because of a specific reason.
Enterprise Ethereum Alliance
On February 28, in New York there was a significant event connected with the creation of the Enterprise Ethereum Alliance (EEL). This Ethereum Alliance included global giants such as Intel, Microsoft, Accenture, Banco Santander and about 9 of the world's major companies. Also, the Ethereum Alliance united 20 founders of large companies, one of them is the international bank BBVA. All these guys have set the goal – to use Ethereum technology in corporate needs. In other words, each of these giant companies always improves their security and privacy.
What affects the Ethereum rate?
Recently there has been an enormous surge in the Ethereum rate growth. Over the last few months, people began to earn in two times more on their GPUs. But not everyone understands what specifically affects the cryptocurrency rate increase. In March 2017, the Ethereum reached the maximum rate, but hasn't stopped and now continues to rise. Some young experts argue that this is just a pump and expect the same sharp drop of the cryptocurrency shortly. In fact, the increase was impacted by real events, for example in February there was a meeting on the creation of an Ethereum Alliance. All these events play a great role in the development of cryptocurrency. The interest of major players has had a particular impact on the growth rate because any cryptocurrency depends on demand.
How Ethereum complexity and volume changed the miners' income?
Compared to Bitcoin, Ethereum never claims to be the world currency. It is used to pay for special services, but other cryptocurrencies support the market. This currency doesn't go the way of the Bitcoin development. In 2014, the creators launched a promotion for the sale of Ethereum and then received $14 million. These funds provide further initial issue of this cryptocurrency. After a few years, the protocol manages to get 5 ETH for each block. It is expected that inflation will be constant and infinite. Emission of cryptocurrency is more rigid because the code has limitations. Miners always influence the Ethereum value.
How has the Ethereum price changed in last two years?
The Ethereum is very young cryptocurrency, and it works since 2015. Keeping track of the rate changes isn't difficult, and thanks to this information, you can draw your conclusions about the future development and the investments need to a similar asset. It is not difficult to notice that Ethereum shows more frequent spikes comparing its exchange rate with other cryptocurrencies on the Forex market. But even with a small capital, it is possible to increase significantly.
Ethereum price in general
With the emergence of the market at the beginning of the cryptocurrency development, it could be purchased for only $2. After two and a half years the cost has risen to $200-400 and fluctuated constantly. Simple mathematical calculation shows that capital nested a few years ago increase in 200 times. Many traders continue to make money on currency speculation. For example, on June 14 the Ethereum price was $395 at the beginning of the day, and in just one hour the price rose to $411. There are also cryptocurrencies sale disadvantages; it can quickly climb in price, and be worthless in the next moment. It happens due to the deliberate actions of the people who hold the maximum number of cryptocurrency. When it is necessary, they begin to drastically drain their assets, reducing the cost to a minimum. After such actions, cryptocurrency usually rises in price, which is expected at the beginning of 2018.Compared to Bitcoin, Ethereum never claims to be the world currency. It is used to pay for special services, but other cryptocurrencies support the market.
The Ethereum Price in 2018
Everyone wants to know the course of Ethereum in 2018 as it is an excellent chance to earn money. The natural cryptocurrency rate increase allows you to make money quickly, especially if there are a few thousand dollars in your pocket. There is one more strategy, some users prefer to wait, until a significant cryptocurrency breakthrough. No-one doubts that sooner or later the currency reaches a rate of $1000 per 1ETH, but it will happen gradually and closer to 2020. What about predictions for next year? They remain positive. Experts safely say that in 2018, Ethereum will reach $500.