Alexis Ohanian: ETH goes to $15k in 2018. Current Price $750
Reddit Co-founder Alexis Ohanian has forecasted ETH/USD to reach a high of $15k usd by the end of this year. According to this chart we can expect some congestion through most of 2018 on our way to new highs. This may be a result of institutional money continuing to flow into the market continuing to push the entire market in the direction of widespread user adoption in both the established financial world and the new and growing ecosystem of developer, businesses and miners. Crypto as a whole has never looked brighter. However, It is hard for me to value ETH. I don't know what the demand curve for a smart contract platform looks like near/mid/long term.
My continued recommendations are for PoW based coins that model Gold, specifically Monero as it has achieved - as far as my research indicates -the holy grail of digital money: Strong Fungibility. It's easy to see that demand for this hard type of money will always be of value as economies and populations grow and the transparency of the Bitcoin blockchain becomes an issue for business that do not want their money flows analyzed past, present and future.
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To possible paths (pink,yellow) to get us to $15k.
My continued recommendations are for PoW based coins that model Gold, specifically Monero as it has achieved - as far as my research indicates -the holy grail of digital money: Strong Fungibility. It's easy to see that demand for this hard type of money will always be of value as economies and populations grow and the transparency of the Bitcoin blockchain becomes an issue for business that do not want their money flows analyzed past, present and future.
--
To possible paths (pink,yellow) to get us to $15k.
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Alexis Ohanian revised his $15,000 ethereum price forecast, telling Fortune that he misspoke and meant to say that ETH would reach $1,500 in 2018.
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+ $100 for ETH in the 72hrs since this chart was published.
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Alexis Ohanian looks to be quite wrong