The value of Ethereum has been on a rollercoaster ride over the past year. After hitting an all-time high in January 2018, the value of ETH plunged by over 80% in just a few months.
However, the currency has enjoyed a resurgence in 2019, with its value rising by over 400% since the start of the year. But is this rally sustainable, or is Ethereum due for another crash?.
There are a number of factors that suggest that Ethereum is here to stay and that its value will continue to rise in the future. Firstly, Ethereum is the most popular platform for developing decentralized applications (dApps). There are currently over 2,000 dApps running on Ethereum’s network, and this number is only going to grow in the future. Secondly, Ethereum is also the most popular platform for initial coin offerings (ICOs).
In 2017, over $5 billion was raised through ICOs on Ethereum’s network. And finally, an increasing number of businesses and organizations are beginning to use Ethereum’s blockchain for a variety of different applications.
While there are certainly some risks associated with investing in Ethereum, such as regulatory uncertainty and scaling issues, the overall outlook for the currency remains positive. With its growing adoption and use cases, it seems likely that Ethereum will continue to surge in value and remain one of the top cryptocurrencies in the years to come.