Ethereum has been one of the most volatile cryptocurrencies in the past year. The price of Ethereum soared from $8 in January 2017 to over $1,400 in January 2018.
However, the price of Ethereum has dropped significantly since then and is currently trading at around $200. Despite the recent price drop, many experts believe that Ethereum still has a lot of potential and could be worth much more in the future.
There are a few things that could contribute to the future success of Ethereum. First, Ethereum is one of the most popular platforms for creating decentralized applications (dApps). There are already thousands of dApps built on Ethereum and this number is growing every day. Second, Ethereum has a lot of real-world uses cases.
For example, Ethereum is being used by banks to streamline international payments and by governments to track voting and create tamper-proof records. Third, Ethereum has a strong community of developers and businesses supporting it. This network effect could help Ethereum become the dominant platform for dApps and smart contracts.
If Ethereum is able to continue growing at its current rate, there is no reason why it couldn’t be worth $10,000 or more per ETH in the future. However, there are also a number of risks that could hold back Ethereum’s price growth.
For example, if another platform emerges that is better suited for dApps or if there is a major security breach on the Ethereum network. Nevertheless, given all the potential uses cases and strong community support, it seems likely that Ethereum will continue to grow in value over time and could be worth a lot more in the future.