Ethereum, being one of the top altcoins, is expected to cross a new milestone this year. Predictions have been made that this digital currency will pass the $2,500 mark before the end of 2018.
Nigel Green, founder and CEO of deVere Group, said in an email to MarketWatch, “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.”
Green also highlighted a few reasons for the rising value of Ethereum. One favorable aspect about this cryptocurrency is that transactions are processed faster. According to research, the average transaction time is only 14 seconds.
On the other hand, it can take up to 10 minutes for a Bitcoin transaction to successfully complete. Many investors have shown interest in this currency thanks to its flexibility and efficiency. Rising demand and market value have also helped this altcoin’s price to increase rapidly.