Cryptocurrency

Reddit co-founder Alexis says Ethereum will reach $15,000USD before end of 2018

(Last Updated On: May 17, 2018)

#EthereumPrice | #Cryptocurrency

Reddit co-founder Alexis Ohanian has predicted that Ethereum will reach a value of $15,000USD before the end of 2018.

He’s a crytocurrency enthusiast, as we know, this time he’s optimistic that ETH growth in 2018 will make its market cap rock into the trillions of dollars and enabling it to surpass bitcoin as the world’s largest cryptocurrency.

“I still hold a little bit of Bitcoin, and I think it has such mindshare that it will continue to be a store of value. I’m most bullish about Ethereum simply because people are actually building on it,” he said, predicting later that “ At the end of the year, Bitcoin will be at $20,000. And Ethereum will be at $15,000.

“Great, now people can call me out if I’m wrong,” he added.

He made this latest ethereum price prediction during an interview with Fortune, expressing optimism that Ethereum project has more long-term potential than any other currently-existent cryptocurrency.

Ohanian, husband of a tennis sensation Serena Williams, now works full-time at Initialized Capital –a venture capital firm he co-founded in 2012.

“Under this forecast, ethereum would roar to a $1.5 trillion market cap — up from $67 billion — in just seven short months, while bitcoin would recover back to the all-time high it set last December, bringing its market cap to approximately $340 billion.”

He’s one of the authorities in crypto, even though there are anti-crypto laws flying around, he’s unperturbed.

Also in the interview, Ohanian said that Initialized — which has already invested in cryptocurrency industry giant Coinbase — has determined to make blockchain-related investments a particular focus of its efforts in 2018 and that it believes the technology will lay the foundation for a “new Internet.”

“Last year, it was all about AI and machine learning, This year, it’s all about blockchain. Most of it is just hype and BS, just like how it was with AI and ML,” he said. “Most of the really vital, protocol-level, basic infrastructure around software and blockchain will need to get built in the next year or two for us to really see the Web 3.0 we’re really hoping for.”

“These are the types of things I think will build the foundation for a very different, much better Internet.

“I was a kid in the 90s without much leverage when the first Internet was being built, so I see this as a hell of an opportunity. We’re still figuring it out. We still don’t have a Netscape, but it’s coming,” he concluded.

At the time of compiling this report, market capitalisation of Ethereum was $67,022,112,742; trading $675.70USD; with 99,189,303 ETH in circulation, and increasing by 1.65% in the last 24 hours (May 2, 2018, 22:00hours).

Do you agree with Alexis Ohanian on his latest Ethereum prediction ? Let’s hear your views.

Or drop your prediction for your favourite cryptocurrency.

About the author

Opeyemi Quadri

Add Comment

Click here to post a comment

Your email address will not be published. Required fields are marked *