Virtual currency prices are in a vicious battle between the bulls and bears. The bears are winning so far. Short-term volatility is overtaking the market entirely making it tough for crypto asset holders. However, each time there is a dip in digital currency prices, investors will always have a chance at redemption. Let’s see the market looks for Ethereum.
Cryptocurrency (including Ethereum) prices outran reality last year. However, in 2018 this hasn’t been the case. In fact, experts had initially warned investors about how this year could turn out. Now investors seem to feel enthusiasm and energy draining from the crypto market. It is only the true believers that remain optimistic about the future. Meanwhile, many Blockchain entrepreneurs have been confident regarding the ecosystem. There has been an enormous amount of progress on this front (Blockchain development), but it is going to take some time for positive results to show in digital currency prices.
As the year has passed, Fortune 500 companies are beginning to dip their toes in Blockchain waters. Financial regulators have been carving out innovation-friendly guidelines, and respected venture capitalists have been making big bets on Blockchain startups. According to an independent report, 74% of large business corporations have come to see a “compelling case” for Blockchain development. They are shifting into the ecosystem more and more as the year progresses.
This means firms with 500.0 million USD in annual sales are contemplating how Ether, Ripple or other blockchain protocol can make them more efficient. It is only someone who is determined to be unimpressed that can shrug their shoulders when they look at that survey. We haven’t seen the gains appear yet. But we are confident that it will change in coming months. While investors and others for crypto markets to catch up, experts believe ETH will reach 1,500 USD this year with before moving to the 2,500 USD support.